Lockheed Martin (NYSE:LMT) Upgraded at DZ Bank

Key Points

• DZ Bank upgraded Lockheed Martin from a "hold" to a "strong-buy", though the MarketBeat consensus remains a Hold with a $632.58 target amid varied analyst price changes.
• Lockheed missed Q1 estimates, reporting $6.44 EPS vs. $6.79 expected and $18.02B revenue vs. $18.38B expected, but management maintained FY2026 guidance of 29.350–30.250 EPS (analysts average ~29.91).
• The company won major awards — including selection for the U.S. Space Force Space‑Based Interceptor work and a $1.13B HIMARS production contract — while institutional investors heavily increased stakes, with roughly 74% of shares held by institutions.

Lockheed Martin (NYSE:LMT - Get Free Report) was upgraded by analysts at DZ Bank from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Thursday,Zacks.com reports.

LMT has been the subject of a number of other reports. Truist Financial increased their price objective on shares of Lockheed Martin from $605.00 to $695.00 and gave the stock a "buy" rating in a research note on Friday, January 30th. The Goldman Sachs Group increased their price objective on shares of Lockheed Martin from $464.00 to $517.00 and gave the stock a "sell" rating in a research note on Monday, February 2nd. Wells Fargo & Company began coverage on shares of Lockheed Martin in a research note on Wednesday, April 1st. They issued an "equal weight" rating and a $650.00 price objective for the company. TD Cowen reduced their price objective on shares of Lockheed Martin from $670.00 to $600.00 and set a "hold" rating for the company in a research note on Friday, April 24th. Finally, Morgan Stanley reduced their price objective on shares of Lockheed Martin from $675.00 to $653.00 and set an "equal weight" rating for the company in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $632.58.

Lockheed Martin Stock Performance

Shares of LMT opened at $512.82 on Thursday. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. The business has a 50-day simple moving average of $617.05 and a two-hundred day simple moving average of $553.04. The stock has a market cap of $118.24 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 0.94 and a beta of 0.23. Lockheed Martin has a 52 week low of $410.11 and a 52 week high of $692.00.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing analysts' consensus estimates of $6.79 by ($0.35). The company had revenue of $18.02 billion during the quarter, compared to analysts' expectations of $18.38 billion. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The business's quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, analysts expect that Lockheed Martin will post 29.91 EPS for the current year.

Hedge Funds Weigh In On Lockheed Martin

Several institutional investors have recently bought and sold shares of LMT. Diamant Asset Management Inc. grew its stake in Lockheed Martin by 60,339.0% during the first quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company's stock valued at $531,493,000 after acquiring an additional 877,932 shares in the last quarter. AQR Capital Management LLC grew its stake in Lockheed Martin by 107.3% during the fourth quarter. AQR Capital Management LLC now owns 1,293,823 shares of the aerospace company's stock valued at $625,784,000 after acquiring an additional 669,604 shares in the last quarter. Morgan Stanley grew its stake in Lockheed Martin by 10.1% during the fourth quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company's stock valued at $2,770,729,000 after acquiring an additional 527,523 shares in the last quarter. Sanders Capital LLC purchased a new position in Lockheed Martin during the third quarter valued at $252,699,000. Finally, Corient Private Wealth LLC grew its stake in Lockheed Martin by 203.3% during the fourth quarter. Corient Private Wealth LLC now owns 560,363 shares of the aerospace company's stock valued at $271,031,000 after acquiring an additional 375,622 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Key Lockheed Martin News

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: Selected by U.S. Space Force to develop capabilities for the Space‑Based Interceptor (SBI) program — strengthens Lockheed’s position in high-priority space missile‑defense work and supports multi‑year program revenue. Lockheed Martin Awarded U.S. Space Force Space-Based Interceptor Contracts to Meet Layered Missile Defense Demand
• Positive Sentiment: Secured a $1.13 billion U.S. Army HIMARS production contract — provides near‑term funded work, supports backlog and cash‑flow runway through 2028. Lockheed Martin (LMT) Secures $1.13 Billion Contract for HIMARS Production
• Positive Sentiment: Analyst/commentary notes that the recent ~27% slide may have overshot fundamentals — large backlog and valuation make a buy case for long‑term investors. This framing can attract value buyers if execution stabilizes. Lockheed Martin (LMT) Slid 27%. The Backlog and Valuation Still Point to a Buy
• Neutral Sentiment: Analysis argues last week’s Q1 miss may reset expectations and create a buying opportunity because management kept full‑year guidance intact and some segments (Missiles/Space) remain resilient. Watch whether Q2 proves improvement. Why Lockheed’s Earnings Miss Could Be a Blessing in Disguise
• Neutral Sentiment: Coverage of an emerging AI/robotics partner (XTEND) and defense‑tech startups highlights potential technology collaborations but remains speculative until formal program wins scale. Is This Pre-IPO AI Robotics Company the Next Big Defense Play? (LMT)
• Negative Sentiment: Peer L3Harris reported a Q1 beat and raised 2026 guidance — stronger results at competitors can siphon investor interest and highlight execution gaps at Lockheed. L3Harris Technologies Increases 2026 Earnings Guidance Following First-Quarter Beat
• Negative Sentiment: Commentary on the expanding autonomous/drone economy suggests thematic flows may favor next‑gen, smaller defense names over legacy primes — a structural headwind for sentiment if allocation trends continue. Q2 Symposium: 4 Key Drivers Powering Global Drone Economy

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.

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