Lockheed Martin (NYSE:LMT) Trading 2.4% Higher – Here’s Why

Lockheed Martin Corporation (NYSE:LMT) shares traded up 2.4% during trading on Wednesday . The stock traded as high as $524.24 and last traded at $521.4670. Approximately 1,276,090 shares were traded during mid-day trading, a decline of 22% from the average session volume of 1,629,486 shares. The stock had previously closed at $509.46.

Lockheed Martin News Summary

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

• Positive Sentiment: Lockheed Martin has been awarded or recently highlighted for a series of major defense contracts, including a large THAAD interceptor production award and a U.S. Army Sentinel A4 radar deal, reinforcing its backlog and revenue visibility. Why Lockheed Martin (LMT) Is Up 6.1% After Massive Missile-Defense Contracts And Index Shift
• Positive Sentiment: Citi upgraded Lockheed Martin to Buy, citing the recent pullback as an attractive entry point and supporting the stock with a higher price target. Why Lockheed Stock’s Brutal Quarter Is Sending a Buy Signal
• Positive Sentiment: Investor commentary continues to point to Lockheed’s strong dividend case and a record backlog, which can help support sentiment even if near-term execution remains uneven. Lockheed Martin (NYSE:LMT) Dividend Case Gets Stronger
• Neutral Sentiment: Lockheed Martin is expected to report second-quarter earnings on July 23, and analysts are looking for a slight decline in earnings, which keeps attention on margins and program execution. What to Expect From Lockheed Martin’s Next Quarterly Earnings Report
• Neutral Sentiment: Lockheed Martin is reportedly the leading bidder for Ultra Maritime in a potential $3.5 billion acquisition, a move that could expand its naval defense business but also raises integration and capital-allocation questions. Lockheed Martin leads race for Advent’s Ultra Maritime in $3.5 billion deal, FT reports
• Negative Sentiment: Recent commentary has also pointed to a messy quarter with fresh program charges and cash flow concerns, suggesting investors are still weighing operational issues against the company’s strong backlog. General Dynamics Vs. Lockheed Martin: Buy General Dynamics for Deep Marine Backlogs

Wall Street Analyst Weigh In

A number of research firms have issued reports on LMT. UBS Group decreased their price target on shares of Lockheed Martin from $683.00 to $538.00 in a report on Tuesday. Citigroup upgraded Lockheed Martin from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $571.00 to $582.00 in a research note on Wednesday. Wall Street Zen cut Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Morgan Stanley decreased their target price on 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. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating on the stock in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $613.63.

Lockheed Martin Trading Down 0.2%

The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. The stock has a market capitalization of $125.60 billion, a P/E ratio of 26.38, a P/E/G ratio of 0.95 and a beta of 0.11. The business’s fifty day simple moving average is $520.69 and its two-hundred day simple moving average is $568.80.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.79 by ($0.35). The company had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $18.38 billion. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. As a group, analysts forecast that Lockheed Martin Corporation will post 29.88 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 1st were paid a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.5%. The ex-dividend date was Monday, June 1st. Lockheed Martin’s payout ratio is currently 66.83%.

Institutional Trading of Lockheed Martin

A number of hedge funds have recently modified their holdings of LMT. Welch Group LLC boosted its stake in Lockheed Martin by 1.5% in the 4th quarter. Welch Group LLC now owns 132,684 shares of the aerospace company’s stock valued at $64,175,000 after buying an additional 1,999 shares in the last quarter. Jain Global LLC acquired a new position in Lockheed Martin during the third quarter worth $38,064,000. World Investment Advisors lifted its holdings in shares of 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 acquiring an additional 5,214 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Lockheed Martin by 5.4% during the first 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. Finally, Clough Capital Partners L P acquired a new stake in shares of Lockheed Martin in the 3rd quarter valued at $31,018,000. 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.