Lockheed Martin (NYSE:LMT) Stock Price Down 1.6% - Here's Why

Key Points

• Lockheed Martin shares fell 1.6% to about $524.58 in Friday trading, below both its 50-day and 200-day moving averages. Trading volume was 37% below the stock’s average daily volume.
• Analyst sentiment remains mixed: the consensus rating is “Hold”, with an average price target of $632.39, although Citigroup raised its target to $691 and several firms upgraded the stock.
• The company reported quarterly results above expectations, including $7.94 in earnings per share and $20.06 billion in revenue, while revenue grew 10.5% year over year. Lockheed Martin also declared a quarterly dividend of $3.45 per share, equivalent to a 2.6% annual yield.

Lockheed Martin Corporation (NYSE:LMT - Get Free Report) shares dropped 1.6% during trading on Friday . The stock traded as low as $524.03 and last traded at $524.58. 942,102 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 1,484,133 shares. The stock had previously closed at $532.95.

Analyst Upgrades and Downgrades

LMT has been the subject of several analyst reports. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Lockheed Martin in a research note on Friday, May 29th. Citigroup lifted their price objective on shares of Lockheed Martin from $641.00 to $691.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Wall Street Zen raised shares of Lockheed Martin from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 29th. Weiss Ratings raised shares of Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 13th. Finally, Wells Fargo & Company set a $600.00 price target on shares of Lockheed Martin in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Lockheed Martin presently has a consensus rating of "Hold" and an average price target of $632.39.

Lockheed Martin Stock Performance

The firm has a market cap of $121.07 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 1.16 and a beta of 0.10. The business has a 50 day simple moving average of $555.22 and a two-hundred day simple moving average of $570.63. 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 posted its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 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 net margin of 8.16% and a return on equity of 91.42%. The business's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, equities research analysts forecast 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. Stockholders of record on Tuesday, September 1st will be paid a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin's payout ratio is currently 50.87%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Basso Capital Management L.P. bought a new position in shares of Lockheed Martin during the 4th quarter worth $25,000. Burnham & Co LLC bought a new position in Lockheed Martin during the 2nd quarter worth about $25,000. United Financial Planning Group LLC purchased a new position in Lockheed Martin during the 3rd quarter valued at about $25,000. Clarity Asset Management Inc. purchased a new position in Lockheed Martin during the 4th quarter valued at about $26,000. Finally, Field & Main Bank bought a new stake in shares of Lockheed Martin in the 2nd quarter valued at about $26,000. Institutional investors own 74.19% of the company's stock.

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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