Lockheed Martin (NYSE:LMT) Trading Up 1.5% – Here’s What Happened

Lockheed Martin Corporation (NYSE:LMT)’s share price shot up 1.5% on Wednesday . The company traded as high as $610.36 and last traded at $607.01. Approximately 1,031,785 shares changed hands during trading, a decline of 33% from the average daily volume of 1,537,242 shares. The stock had previously closed at $597.77.

Key Lockheed Martin News

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

• Positive Sentiment: The Pentagon awarded Lockheed Martin a multiyear PAC-3 Missile Segment Enhancement contract valued at up to $58.62 billion, including a seven-year, potentially $53.86 billion award and approximately $4.7 billion previously committed. The deal significantly strengthens the company’s backlog and visibility for its missile business. Why Did the Pentagon Just Hand Lockheed Martin $58.62B?
• Positive Sentiment: Lockheed said its Next Generation Interceptor passed two key tests ahead of a 2026 design review. A successful static-fire test of the interceptor’s Stage 2 motor, conducted under simulated low-Earth-orbit conditions, represents progress toward the U.S. homeland missile-defense program and reduces technical risk. ICBM Killer Passes Two Key Tests Ahead of Design Review
• Positive Sentiment: The company demonstrated an AI-powered drone-detection platform using existing 5G infrastructure, NVIDIA technology and partner systems. The technology could create opportunities in public-airspace and critical-infrastructure protection while supporting Lockheed’s broader missile and sensor portfolio. Lockheed Martin, Verizon, Keysight, ODC and Astris AI Demonstrate Technology
• Neutral Sentiment: Analysts’ consensus price target is reported at $626.33, indicating continued confidence in Lockheed Martin’s outlook, although target prices are not guarantees of future returns. Lockheed Martin Receives $626.33 Consensus Target Price
• Negative Sentiment: The early market reaction to the drone announcement was muted, with reports noting initial weakness despite the technology demonstration. Investors may also weigh execution, funding and timing risks because the large Patriot award is described as an undefinitized contract and requires substantial future production capacity. Lockheed Martin Stock Falls Despite Drone Push

Analyst Ratings Changes

A number of brokerages recently issued reports on LMT. Morgan Stanley lifted their price objective on shares of Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. UBS Group reaffirmed a “neutral” rating and issued a $581.00 target price on shares of Lockheed Martin in a report on Friday, July 24th. JPMorgan Chase & Co. decreased their price target on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft lowered their price target on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a report on Friday, April 24th. Finally, Wells Fargo & Company set a $600.00 price objective on Lockheed Martin in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $626.33.

Lockheed Martin Stock Up 1.5%

The company has a market capitalization of $140.09 billion, a P/E ratio of 22.37, a PEG ratio of 1.04 and a beta of 0.10. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34. The stock has a 50 day moving average price of $537.38 and a 200 day moving average price of $576.08.

Lockheed Martin (NYSE:LMT) 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. 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 during the quarter, compared to analysts’ expectations of $19.34 billion. During the same quarter in the prior year, the firm earned $1.46 EPS. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, research analysts anticipate that Lockheed Martin Corporation will post 30.36 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be given a dividend of $3.45 per share. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 annualized dividend and a yield of 2.3%. Lockheed Martin’s dividend payout ratio (DPR) is currently 50.87%.

Hedge Funds Weigh In On Lockheed Martin

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC grew its holdings in Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after acquiring an additional 191 shares during the period. Sivia Capital Partners LLC lifted its stake in Lockheed Martin by 5.4% in the second quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock valued at $451,000 after buying an additional 50 shares during the period. Schnieders Capital Management LLC. lifted its stake in Lockheed Martin by 17.3% in the second quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company’s stock valued at $676,000 after buying an additional 215 shares during the period. Gamco Investors INC. ET AL boosted its holdings in shares of Lockheed Martin by 36.0% during the 2nd quarter. Gamco Investors INC. ET AL now owns 2,250 shares of the aerospace company’s stock worth $1,042,000 after buying an additional 595 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of Lockheed Martin by 18.2% during the 2nd quarter. Sei Investments Co. now owns 86,569 shares of the aerospace company’s stock worth $40,092,000 after buying an additional 13,300 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

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.