Royal Bank Of Canada Issues Pessimistic Forecast for Lockheed Martin (NYSE:LMT) Stock Price

Key Points

• Royal Bank of Canada cut its price target for Lockheed Martin from $650 to $575 and gave a "sector perform" rating, while the consensus analyst target is about $632.32 with a majority "Hold" stance.
• Lockheed missed Q1 estimates—EPS $6.44 vs. $6.79 expected and revenue $18.02B vs. $18.38B—and reported negative free cash flow (~$(291)m), citing production delays and higher costs that increase near-term execution and margin risk.
• Shares fell roughly 3.2% to $512.79 on the news, though management reaffirmed FY2026 guidance of $29.35–$30.25, leaving upside dependent on operational improvements.

Lockheed Martin (NYSE:LMT - Get Free Report) had its target price dropped by analysts at Royal Bank Of Canada from $650.00 to $575.00 in a research report issued to clients and investors on Friday, MarketBeat.com reports. The brokerage currently has a "sector perform" rating on the aerospace company's stock. Royal Bank Of Canada's price target would indicate a potential upside of 12.13% from the company's previous close.

Several other research analysts have also recently issued reports on LMT. Weiss Ratings raised shares of Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, March 23rd. JPMorgan Chase & Co. lifted their target price on shares of Lockheed Martin from $515.00 to $680.00 and gave the stock a "neutral" rating in a report on Friday, January 30th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Lockheed Martin from $615.00 to $575.00 and set a "hold" rating for the company in a research note on Friday. UBS Group upped their target price on shares of Lockheed Martin from $580.00 to $663.00 and gave the company a "neutral" rating in a report on Monday, February 2nd. Finally, Truist Financial upped their target price on shares of Lockheed Martin from $605.00 to $695.00 and gave the company a "buy" rating in a report on Friday, January 30th. Seven research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $632.32.

Lockheed Martin Stock Down 3.2%

NYSE LMT traded down $17.00 during trading hours on Friday, reaching $512.79. 310,120 shares of the company's stock traded hands, compared to its average volume of 1,742,698. Lockheed Martin has a 52-week low of $410.11 and a 52-week high of $692.00. The firm has a market cap of $118.18 billion, a PE ratio of 23.90, a PEG ratio of 0.99 and a beta of 0.23. The firm has a 50-day simple moving average of $631.13 and a 200 day simple moving average of $552.93. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.09 and a quick ratio of 0.94.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.79 by ($0.35). Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The business had revenue of $18.02 billion for the quarter, compared to analysts' expectations of $18.38 billion. During the same period last year, the business earned $7.28 earnings per share. The company's revenue was up .3% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Sell-side analysts anticipate that Lockheed Martin will post 29.97 EPS for the current fiscal year.

Hedge Funds Weigh In On Lockheed Martin

Hedge funds and other institutional investors have recently modified their holdings of the stock. Basso Capital Management L.P. bought a new position in shares of Lockheed Martin during the fourth quarter worth $25,000. United Financial Planning Group LLC purchased a new stake in Lockheed Martin during the third quarter valued at $25,000. Clarity Asset Management Inc. purchased a new stake in shares of Lockheed Martin in the fourth quarter valued at $26,000. Triumph Capital Management raised its stake in shares of Lockheed Martin by 66.7% in the fourth quarter. Triumph Capital Management now owns 55 shares of the aerospace company's stock valued at $26,000 after acquiring an additional 22 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC raised its stake in shares of Lockheed Martin by 285.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company's stock valued at $27,000 after acquiring an additional 40 shares during the period. Institutional investors own 74.19% of the company's stock.

Lockheed Martin News Roundup

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

• Positive Sentiment: Peru agreed to buy 12 F‑16 Block 70 fighters, a direct contract win that supports near-term backlog and revenue visibility. Peru Selects Lockheed Martin F-16 Block 70
• Positive Sentiment: An analyst price-target bump (Sanford C. Bernstein to $661) gives analysts’ support for upside versus current levels and may underpin buying interest. Lockheed Martin Price Target Raised to $661.00
• Positive Sentiment: Macro tailwinds — surging global defense budgets and a growing U.S. missile/munitions agenda — keep long-term demand strong for Lockheed’s portfolio (supports medium/long-term revenue growth). Lockheed Martin vs. RTX: Defense Spending Is Surging
• Neutral Sentiment: Management reaffirmed FY‑2026 EPS guidance ($29.35–$30.25) and revenue range (~$77.5B–$80.0B); this limits downside from guidance cuts but leaves execution risk priced in. Lockheed Martin Reports First Quarter 2026 Financial Results
• Neutral Sentiment: Positive PR from the successful Orion crewed mission underscores program credibility (reputational benefit but limited immediate financial impact). Green Hills Congratulates NASA and Lockheed Martin on Orion
• Negative Sentiment: Q1 results missed expectations: EPS $6.44 vs. estimates ~ $6.79 and revenue $18.02B vs. ~$18.38B — this triggered selling pressure and raises short-term performance concerns. Lockheed Martin First-Quarter Results Miss Street Views
• Negative Sentiment: Free cash flow swung negative (~$(291)m) and executives cited production delays and higher costs on fixed‑price programs (F‑16, C‑130), elevating execution and margin risk. Lockheed Martin posts lower quarterly profit as delays weigh

About Lockheed Martin

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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