Lockheed Martin (NYSE:LMT) Trading Up 1.7% - Time to Buy?

Key Points

• Lockheed Martin shares rose 1.7% to about $608.21, though trading volume was 44% below the average session level.
• Analyst sentiment remains mixed: the consensus rating is “Hold” with a $632.39 price target, despite recent upgrades and higher targets from Citigroup and Morgan Stanley.
• The company exceeded quarterly expectations, reporting $7.94 EPS and $20.06 billion in revenue, while revenue grew 10.5% year over year. Lockheed Martin also declared a $3.45 quarterly dividend, representing a 2.3% yield.

Shares of Lockheed Martin Corporation (NYSE:LMT - Get Free Report) shot up 1.7% on Friday . The stock traded as high as $609.24 and last traded at $608.2080. Approximately 852,784 shares were traded during mid-day trading, a decline of 44% from the average session volume of 1,527,539 shares. The stock had previously closed at $598.01.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LMT. Citigroup raised their price target on Lockheed Martin from $641.00 to $691.00 and gave the stock a "buy" rating in a research note on Thursday. DZ Bank upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 30th. Morgan Stanley raised their price objective on shares of Lockheed Martin from $653.00 to $690.00 and gave the company an "equal weight" rating in a research report on Friday, July 24th. Jefferies Financial Group reiterated a "hold" rating on shares of Lockheed Martin in a research note on Sunday, July 26th. Finally, Bank of America decreased their target price on shares of Lockheed Martin from $660.00 to $600.00 and set a "neutral" rating for the company in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $632.39.

Lockheed Martin Stock Performance

The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. The company has a market cap of $140.37 billion, a P/E ratio of 22.42, a P/E/G ratio of 1.04 and a beta of 0.10. The firm has a 50 day moving average price of $540.83 and a 200-day moving average price of $576.23.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, beating analysts' consensus estimates of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The business had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. During the same period last year, the business earned $1.46 EPS. The firm'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, research analysts predict that Lockheed Martin Corporation will post 30.36 EPS for the current year.

Lockheed Martin Announces Dividend

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

Institutional Investors Weigh In On Lockheed Martin

Hedge funds have recently bought and sold shares of the company. Cerro Pacific Wealth Advisors LLC lifted its position in shares of Lockheed Martin by 1.2% during the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company's stock worth $665,000 after purchasing an additional 16 shares during the last quarter. Garner Asset Management Corp grew its holdings in Lockheed Martin by 0.9% in the 4th quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company's stock valued at $839,000 after buying an additional 16 shares during the last quarter. Davis R M Inc. increased its position in Lockheed Martin by 1.3% in the 4th quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company's stock worth $612,000 after buying an additional 16 shares during the period. Broadway Wealth Solutions Inc. increased its position in Lockheed Martin by 3.6% in the 4th quarter. Broadway Wealth Solutions Inc. now owns 484 shares of the aerospace company's stock worth $234,000 after buying an additional 17 shares during the period. Finally, Aspire Growth Partners LLC lifted its holdings in shares of Lockheed Martin by 0.7% during the fourth quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company's stock worth $1,217,000 after buying an additional 17 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source