Lockheed Martin (NYSE:LMT) Stock Price Down 1% Following Analyst Downgrade

Shares of Lockheed Martin Corporation (NYSE:LMT) traded down 1% on Tuesday after TD Cowen lowered their price target on the stock from $600.00 to $560.00. TD Cowen currently has a hold rating on the stock. Lockheed Martin traded as low as $514.87 and last traded at $515.3210. 696,236 shares traded hands during trading, a decline of 56% from the average session volume of 1,583,835 shares. The stock had previously closed at $520.68.

A number of other research firms have also recently weighed in on LMT. Morgan Stanley decreased their price objective on shares of Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating for the company in a research report on Friday, April 24th. UBS Group dropped their target price on Lockheed Martin from $683.00 to $538.00 in a research report on Tuesday, June 30th. Wells Fargo & Company set a $575.00 price target on Lockheed Martin in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reduced 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, Bank of America lowered their price objective on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $607.58.

Trending Headlines about Lockheed Martin

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

• Positive Sentiment: Lockheed Martin expanded its quantum talent pipeline partnership with Xanadu, which highlights growth in emerging defense-adjacent technologies and helped lift sentiment around the company’s innovation efforts.
• Positive Sentiment: Articles highlighting Lockheed Martin’s very large backlog suggest durable multi-year demand, supporting the investment case for future revenue visibility.
• Positive Sentiment: Rising geopolitical tensions have also kept attention on defense contractors, which can reinforce the view that demand for Lockheed Martin’s systems remains strong.
• Neutral Sentiment: Analyst coverage remained mixed after TD Cowen lowered its price target to $560 and kept a hold rating, indicating investors may see limited near-term upside despite long-term strength.
• Negative Sentiment: Investors are assessing Lockheed Martin’s $3.45 billion Ultra Maritime acquisition, with commentary questioning whether the deal will improve naval competitiveness fast enough to offset weaker cash flow and program-related charges.
• Negative Sentiment: Some market commentary now favors General Dynamics over Lockheed Martin in naval defense, which may be pressuring sentiment relative to peers.

Institutional Investors Weigh In On Lockheed Martin

A number of institutional investors have recently modified their holdings of the stock. Cerro Pacific Wealth Advisors LLC grew its stake in Lockheed Martin by 1.2% in the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company’s stock worth $665,000 after purchasing an additional 16 shares in the last quarter. Garner Asset Management Corp raised its stake in Lockheed Martin by 0.9% during the fourth quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company’s stock valued at $839,000 after buying an additional 16 shares in the last quarter. Davis R M Inc. lifted its holdings in Lockheed Martin by 1.3% during the 4th quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company’s stock worth $612,000 after buying an additional 16 shares during the last quarter. Broadway Wealth Solutions Inc. lifted its holdings in Lockheed Martin by 3.6% during the 4th quarter. Broadway Wealth Solutions Inc. now owns 484 shares of the aerospace company’s stock worth $234,000 after buying an additional 17 shares during the last quarter. Finally, Aspire Growth Partners LLC grew its position in shares of Lockheed Martin by 0.7% in the 4th quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company’s stock worth $1,217,000 after acquiring an additional 17 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Down 1.0%

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 company has a market cap of $118.81 billion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 0.94 and a beta of 0.11. The firm has a 50-day moving average price of $521.76 and a 200 day moving average price of $571.34.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results 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). Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The firm had revenue of $18.02 billion for the quarter, compared to analyst estimates of $18.38 billion. During the same period in the prior year, the company posted $7.28 earnings per share. The business’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. As a group, sell-side analysts forecast that Lockheed Martin Corporation will post 29.94 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 1st were paid a dividend of $3.45 per share. The ex-dividend date was Monday, June 1st. This represents a $13.80 annualized dividend and a yield of 2.7%. Lockheed Martin’s payout ratio is presently 66.83%.

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.