Lockheed Martin Corporation (NYSE:LMT) Receives Average Recommendation of “Hold” from Brokerages

Shares of Lockheed Martin Corporation (NYSE:LMT) have earned a consensus recommendation of “Hold” from the twenty-one analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $620.6842.

A number of analysts have recently commented on the stock. Morgan Stanley reduced their price target on shares of Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating for the company in a research note on Friday, April 24th. Wells Fargo & Company assumed coverage on shares of Lockheed Martin in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $650.00 price target for the company. Weiss Ratings lowered shares of Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. Finally, Susquehanna reduced their price target on shares of Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a research note on Friday, April 24th.

Lockheed Martin Stock Down 3.4%

NYSE:LMT opened at $493.68 on Thursday. The firm has a market cap of $113.82 billion, a P/E ratio of 23.91, a P/E/G ratio of 0.93 and a beta of 0.10. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.94 and a current ratio of 1.14. Lockheed Martin has a fifty-two week low of $410.11 and a fifty-two week high of $692.00. The firm has a 50-day simple moving average of $535.17 and a two-hundred day simple moving average of $566.10.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The company had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $18.38 billion. During the same quarter in the prior year, the firm earned $7.28 earnings per share. The business’s revenue was up .3% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Analysts predict that Lockheed Martin will post 29.88 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, June 26th. Stockholders of record on Monday, June 1st will be paid a $3.45 dividend. The ex-dividend date is Monday, June 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.8%. Lockheed Martin’s payout ratio is currently 66.83%.

Hedge Funds Weigh In On Lockheed Martin

A number of institutional investors and hedge funds have recently made changes to their positions in LMT. Basso Capital Management L.P. purchased a new position in shares of Lockheed Martin in the fourth quarter worth approximately $25,000. United Financial Planning Group LLC purchased a new position in shares of Lockheed Martin in the third quarter worth approximately $25,000. Clarity Asset Management Inc. purchased a new position in shares of Lockheed Martin in the fourth quarter worth approximately $26,000. Triumph Capital Management boosted its holdings 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 worth $26,000 after buying an additional 22 shares during the last quarter. Finally, Bard Associates Inc. purchased a new position in shares of Lockheed Martin in the fourth quarter worth approximately $27,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

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.