Lockheed Martin (NYSE:LMT) Trading Down 2.4% - What's Next?

Key Points

• Lockheed Martin shares fell 2.4% to about $594.26 in Monday trading, on volume 44% below the average session level.
• Analyst sentiment remains mixed, with the stock carrying an average “Hold” rating and a consensus price target of $632.39; recent firms both raised and lowered their targets.
• The company exceeded quarterly expectations, reporting $7.94 EPS and $20.06 billion in revenue, while announcing a quarterly dividend of $3.45 per share, equivalent to a 2.3% yield.

Lockheed Martin Corporation (NYSE:LMT - Get Free Report) fell 2.4% during mid-day trading on Monday . The company traded as low as $593.56 and last traded at $594.26. 855,696 shares traded hands during trading, a decline of 44% from the average session volume of 1,525,544 shares. The stock had previously closed at $608.68.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LMT. TD Cowen cut their price target on shares of Lockheed Martin from $600.00 to $560.00 and set a "hold" rating on the stock in a research note on Monday, July 13th. Morgan Stanley increased their price objective on shares of Lockheed Martin from $653.00 to $690.00 and gave the stock an "equal weight" rating in a research report on Friday, July 24th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Lockheed Martin in a research report on Sunday, July 26th. Susquehanna cut their price objective on shares of Lockheed Martin from $740.00 to $700.00 and set a "positive" rating on the stock in a research report on Friday, April 24th. Finally, Wells Fargo & Company set a $600.00 target price on shares of Lockheed Martin in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $632.39.

Lockheed Martin Price Performance

The firm has a market cap of $137.15 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 1.04 and a beta of 0.10. The company's fifty day moving average is $542.51 and its 200 day moving average is $576.42. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The firm had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same period in the previous year, the business earned $1.46 EPS. The company's revenue was up 10.5% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, equities research analysts predict that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be given a $3.45 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.3%. Lockheed Martin's payout ratio is currently 50.87%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Basso Capital Management L.P. bought a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $25,000. Burnham & Co LLC acquired a new position in Lockheed Martin during the second quarter worth $25,000. United Financial Planning Group LLC bought a new stake in Lockheed Martin during the third quarter worth $25,000. Clarity Asset Management Inc. acquired a new stake in Lockheed Martin in the fourth quarter valued at $26,000. Finally, Triumph Capital Management lifted its stake in Lockheed Martin by 66.7% in the fourth quarter. Triumph Capital Management now owns 55 shares of the aerospace company's stock valued at $26,000 after acquiring an additional 22 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

About Lockheed Martin

Lockheed Martin Corporation NYSE: LMT is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin's product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.

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