Lockheed Martin (NYSE:LMT) Shares Up 2.1% - What's Next?

Key Points

• Lockheed Martin shares rose 2.1% to about $536.37, while trading volume fell 11% below the average session volume.
• UBS upgraded the stock to Buy and raised its price target to $674, citing expected multiyear growth from missile demand, F-35 sustainment and other defense programs. Sweden’s approximately $729 million HIMARS purchase and a Javelin co-production agreement with India’s Tata Advanced Systems also support the company’s international growth prospects.
• Lockheed Martin recently beat quarterly earnings and revenue estimates, issued fiscal 2026 EPS guidance of $29.95–$30.65, and maintains a quarterly dividend of $3.45 per share, equivalent to an annualized yield of about 2.6%. Despite positive developments, the analyst consensus remains Hold, with an average price target of $637.56.

Lockheed Martin Corporation (NYSE:LMT - Get Free Report)'s stock price was up 2.1% during trading on Tuesday . The company traded as high as $541.59 and last traded at $536.3710. Approximately 1,314,709 shares were traded during trading, a decline of 11% from the average session volume of 1,480,874 shares. The stock had previously closed at $525.28.

More Lockheed Martin News

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

• Positive Sentiment: UBS upgraded LMT to Buy from Neutral and raised its 12-month price target to $674 from $581, implying approximately 26% upside from its referenced September 4 price. UBS expects stronger-than-anticipated, multi-year earnings growth, supported by missile demand, F-35 sustainment and other defense programs. UBS upgrades Lockheed Martin to Buy, sees 26% upside on missile growth
• Positive Sentiment: Sweden selected Lockheed Martin’s HIMARS system in a deal valued at roughly $729 million. The purchase covers about 10 launchers and ammunition, with deliveries expected to begin in 2027. Cooperation with Saab to produce HIMARS ammunition in Sweden could strengthen LMT’s European defense footprint and support future regional sales. Sweden to buy Lockheed Martin's HIMARS artillery rocket system
• Positive Sentiment: Lockheed Martin and Raytheon’s Javelin joint venture signed a co-production memorandum with India’s Tata Advanced Systems. Local production could expand LMT’s presence in India, improve supply-chain and manufacturing capabilities, and create additional international demand, although the agreement is not itself a firm contract award. Lockheed Martin’s Javelin JV signs co-production MOU with Tata Advanced Systems
• Positive Sentiment: Investors are also citing valuation support. Commentary points to LMT trading at roughly 19 times earnings and below 14 times free cash flow, alongside an approximately 2.6% dividend yield, making the shares appear reasonably valued if missile growth and cash generation improve. Why Lockheed Martin Stock Popped Today
• Neutral Sentiment: Speculation about increased U.S. space and defense spending could benefit LMT’s space operations, but reports about the Moon do not change existing treaties or represent a specific Lockheed Martin contract. Trump Declares the Moon Belongs to the U.S.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LMT. TD Cowen decreased their price target on Lockheed Martin from $600.00 to $560.00 and set a "hold" rating for the company in a research note on Monday, July 13th. Wall Street Zen upgraded shares of Lockheed Martin from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 29th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Lockheed Martin in a research report on Wednesday, September 2nd. Weiss Ratings raised Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 13th. Finally, UBS Group upgraded Lockheed Martin from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $581.00 to $674.00 in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $637.56.

Lockheed Martin Price Performance

The firm has a market capitalization of $123.79 billion, a P/E ratio of 19.77, a price-to-earnings-growth ratio of 1.14 and a beta of 0.10. The business has a 50-day moving average of $556.02 and a 200 day moving average of $568.85. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $19.34 billion. During the same quarter in the prior year, the company earned $1.46 earnings per share. The company's quarterly revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, sell-side analysts predict that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

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

Institutional Investors Weigh In On Lockheed Martin

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. World Investment Advisors grew its position in Lockheed Martin by 54.7% during the fourth quarter. World Investment Advisors now owns 14,739 shares of the aerospace company's stock valued at $7,129,000 after buying an additional 5,214 shares during the period. SG Americas Securities LLC grew its position in shares of Lockheed Martin by 5.4% during the 1st quarter. SG Americas Securities LLC now owns 276,383 shares of the aerospace company's stock valued at $167,043,000 after acquiring an additional 14,150 shares during the period. Norris Financial Group LLC bought a new position in shares of Lockheed Martin during the 1st quarter valued at approximately $2,321,000. Legal Advantage Investments Inc. purchased a new stake in shares of Lockheed Martin during the 1st quarter worth approximately $1,451,000. Finally, Versor Investments LP raised its holdings in shares of Lockheed Martin by 220.4% in the 4th quarter. Versor Investments LP now owns 5,997 shares of the aerospace company's stock worth $2,901,000 after purchasing an additional 4,125 shares during the period. 74.19% of the stock is owned by hedge funds and other 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.

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