Lockheed Martin (NYSE:LMT) Stock Price Down 1% – Here’s Why

Lockheed Martin Corporation (NYSE:LMT) dropped 1% during mid-day trading on Tuesday. The stock traded as low as $511.03 and last traded at $512.7670. Approximately 1,234,686 shares traded hands during trading, a decline of 16% from the average session volume of 1,464,996 shares. The stock had previously closed at $518.10.

Key Stories Impacting Lockheed Martin

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

• Positive Sentiment: The Pentagon awarded Lockheed Martin an $871 million modification to an existing F-35 Lightning II support contract, increasing capacity for equipment, site activation and sustainment activities. Pentagon Deepens F-35 Bet: Lockheed Martin Secures $871M Support Contract Modification
• Positive Sentiment: A new $18.9 million long-range radar contract lifted the program’s total value to approximately $1.01 billion and extends work through June 2029, providing additional multiyear revenue visibility. Can Long-Range Radar Demand Support Lockheed Martin’s Growth?
• Positive Sentiment: Lockheed Martin’s backlog reached a record $230 billion at the end of the second quarter, up 38.3% year over year, supported by $65 billion in quarterly orders, including a $35 billion multiyear missile-defense contract. Can Lockheed Martin’s Backlog Keep Growing at This Pace?
• Positive Sentiment: Industry forecasts point to strong growth in anti-drone systems and space-based onboard computing, areas where Lockheed Martin is developing radar, directed-energy, autonomous-drone and AI-enabled space technologies. Anti-Drone Counter-UAS Market Report
• Neutral Sentiment: Reports about President Trump’s disclosed stock trades and increased defense-focused investment may improve sentiment toward defense contractors broadly, but they do not identify a direct transaction or catalyst involving LMT. Donald Trump, Cathie Wood Bet on the Same 32 Stocks

Analyst Upgrades and Downgrades

LMT has been the topic of several research analyst reports. UBS Group raised Lockheed Martin from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $581.00 to $674.00 in a research note on Tuesday, September 8th. Wells Fargo & Company set a $600.00 price objective on Lockheed Martin in a report on Monday, July 27th. Jefferies Financial Group reissued a “hold” rating on shares of Lockheed Martin in a report on Wednesday, September 2nd. Royal Bank Of Canada lifted their price target on Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a research note on Friday, July 24th. Finally, TD Cowen decreased their price objective on shares of Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $637.56.

Lockheed Martin Trading Down 1.0%

The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. The business has a fifty day simple moving average of $557.76 and a 200 day simple moving average of $554.98. The stock has a market cap of $118.34 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 1.13 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, topping analysts’ consensus estimates of $7.22 by $0.72. The company had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, equities analysts anticipate that Lockheed Martin Corporation will post 30.44 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st were paid a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, September 1st. Lockheed Martin’s dividend payout ratio (DPR) is currently 50.87%.

Hedge Funds Weigh In On Lockheed Martin

A number of institutional investors have recently modified their holdings of LMT. QRG Capital Management Inc. lifted its stake in shares of Lockheed Martin by 0.6% during the second quarter. QRG Capital Management Inc. now owns 13,021 shares of the aerospace company’s stock valued at $6,634,000 after buying an additional 80 shares during the period. State Street Corp grew its stake in Lockheed Martin by 1.3% in the 2nd quarter. State Street Corp now owns 32,975,170 shares of the aerospace company’s stock worth $16,799,530,000 after acquiring an additional 419,582 shares during the period. Silicon Valley Capital Partners raised its holdings in Lockheed Martin by 2.6% in the 2nd quarter. Silicon Valley Capital Partners now owns 1,371 shares of the aerospace company’s stock valued at $699,000 after acquiring an additional 35 shares during the last quarter. Wellington Altus USA Inc. acquired a new position in Lockheed Martin in the 2nd quarter valued at $199,000. Finally, U S Wealth Group LLC. lifted its stake in shares of Lockheed Martin by 14.8% during the 2nd quarter. U S Wealth Group LLC. now owns 7,555 shares of the aerospace company’s stock worth $3,849,000 after purchasing an additional 973 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

About Lockheed Martin

Lockheed Martin Corporation is a global aerospace, defense and technology company headquartered in Bethesda, Maryland. The company develops and produces advanced systems for government and commercial customers, with the U.S. Department of Defense and other U.S. government agencies representing its primary customers.

Its principal activities include the design and manufacture of military aircraft, missiles, air and missile defense systems, radar and sensor technologies, naval and rotary-wing systems, satellites, space exploration systems, and cybersecurity and information technology solutions.