Lockheed Martin (NYSE:LMT) Shares Up 1% - What's Next?

Key Points

• Lockheed Martin shares rose 1% to approximately $529.61, although trading volume was 35% below the daily average.
• Analyst sentiment remains mixed: Citi, UBS and Morgan Stanley raised price targets, but the consensus rating is still “Hold” with an average target of $637.56.
• The company exceeded quarterly earnings and revenue expectations, reported 10.5% year-over-year revenue growth, and announced a quarterly dividend of $3.45 per share, representing a 2.6% yield.

Shares of Lockheed Martin Corporation (NYSE:LMT - Get Free Report) were up 1% during mid-day trading on Monday . The company traded as high as $532.34 and last traded at $529.6110. Approximately 967,515 shares changed hands during trading, a decline of 35% from the average daily volume of 1,477,995 shares. The stock had previously closed at $524.19.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Citigroup raised their price target on shares of Lockheed Martin from $641.00 to $691.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. UBS Group raised Lockheed Martin from a "neutral" rating to a "buy" rating and upped their price target for the company from $581.00 to $674.00 in a report on Tuesday, September 8th. Jefferies Financial Group reiterated a "hold" rating on shares of Lockheed Martin in a research report on Wednesday, September 2nd. Wall Street Zen cut Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Finally, Morgan Stanley lifted their price objective on Lockheed Martin from $653.00 to $690.00 and gave the company an "equal weight" rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Lockheed Martin currently has an average rating of "Hold" and an average target price of $637.56.

Lockheed Martin Price Performance

The stock has a 50-day simple moving average of $555.94 and a 200 day simple moving average of $565.19. The stock has a market capitalization of $122.23 billion, a P/E ratio of 19.52, a price-to-earnings-growth ratio of 1.14 and a beta of 0.10. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19.

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

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be paid a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin's dividend payout ratio is presently 50.87%.

Hedge Funds Weigh In On Lockheed Martin

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Aspire Growth Partners LLC raised its holdings in 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. Sandy Cove Advisors LLC increased its position in shares of Lockheed Martin by 4.4% during the fourth quarter. Sandy Cove Advisors LLC now owns 430 shares of the aerospace company's stock worth $208,000 after acquiring an additional 18 shares in the last quarter. Stonebridge Financial Group LLC MO increased its position in shares of Lockheed Martin by 2.8% during the first quarter. Stonebridge Financial Group LLC MO now owns 658 shares of the aerospace company's stock worth $397,000 after acquiring an additional 18 shares in the last quarter. Rooted Wealth Advisors Inc. raised its holdings in shares of Lockheed Martin by 1.8% in the 1st quarter. Rooted Wealth Advisors Inc. now owns 1,036 shares of the aerospace company's stock worth $602,000 after acquiring an additional 18 shares during the last quarter. Finally, Sierra Summit Advisors LLC raised its holdings in shares of Lockheed Martin by 0.9% in the 4th quarter. Sierra Summit Advisors LLC now owns 2,250 shares of the aerospace company's stock worth $1,088,000 after acquiring an additional 19 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Company Profile

Lockheed Martin Corporation is a global aerospace, defense and technology company that develops and produces systems for government and commercial customers, with the U.S. Department of Defense serving as its largest customer. Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

The company's products and services include military aircraft such as the F-35 Lightning II, F-16 and C-130; air and missile defense systems; precision weapons; helicopters and maritime systems; radar, sensors and command-and-control technologies; satellites; space exploration systems; and missile-warning and strategic defense capabilities.

Lockheed Martin was created in 1995 through the merger of Lockheed Corporation and Martin Marietta.

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