Lockheed Martin (NYSE:LMT) Stock Price Up 10.5% After Strong Earnings

Lockheed Martin Corporation (NYSE:LMT) shares rose 10.5% during trading on Thursday following a stronger than expected earnings report. The stock traded as high as $576.00 and last traded at $568.6190. Approximately 3,266,559 shares changed hands during mid-day trading, an increase of 108% from the average daily volume of 1,573,979 shares. The stock had previously closed at $514.36.

The aerospace company reported $7.94 earnings per share for the quarter, beating the consensus estimate of $7.19 by $0.75. The business had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $19.34 billion. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The company’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be paid a dividend of $3.45 per share. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.4%. Lockheed Martin’s dividend payout ratio is currently 66.83%.

Key Lockheed Martin News

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

• Positive Sentiment: Lockheed posted a meaningful Q2 beat on both the top and bottom lines, showing stronger-than-expected execution across its defense programs. Lockheed Martin Reports Second Quarter 2026 Financial Results
• Positive Sentiment: The company reported a record $230 billion backlog, including a large THAAD interceptor contract, signaling years of revenue visibility and sustained demand for munitions and missile defense systems. Lockheed Martin Cashes in on Global Defense Boom With Record Orders
• Positive Sentiment: Management raised 2026 guidance for both earnings and revenue, suggesting the Q2 strength is carrying into the rest of the year and supporting the stock’s rerating. Lockheed Martin lifts 2026 forecasts as Pentagon seeks to restock weapons
• Neutral Sentiment: The company also declared its quarterly dividend, which is supportive for income investors but is not the main driver of the stock’s move today.
• Negative Sentiment: Some articles note analysts trimmed price targets and fair-value estimates, which could limit further upside if expectations become too stretched after the sharp rally. Lockheed Martin (LMT) Stock Fair Value Edges Lower As Analysts Trim Targets

Wall Street Analysts Forecast Growth

LMT has been the subject of a number of research reports. Weiss Ratings cut shares of Lockheed Martin from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 17th. Citigroup upgraded Lockheed Martin from a “neutral” rating to a “buy” rating and boosted their price target for the company from $571.00 to $582.00 in a research report on Wednesday, July 1st. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. DZ Bank raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada lowered their target price on Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating on the stock in a research note on Friday, April 24th. One 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $615.78.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in LMT. Diamant Asset Management Inc. boosted its stake in shares of Lockheed Martin by 60,339.0% in the first quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company’s stock valued at $531,493,000 after buying an additional 877,932 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Lockheed Martin by 107.3% in the fourth quarter. AQR Capital Management LLC now owns 1,293,823 shares of the aerospace company’s stock valued at $625,784,000 after acquiring an additional 669,604 shares during the period. Morgan Stanley boosted its position in shares of Lockheed Martin by 10.1% during the 4th quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock worth $2,770,729,000 after purchasing an additional 527,523 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Lockheed Martin by 3,497.5% during the 1st quarter. Janus Henderson Group PLC now owns 451,276 shares of the aerospace company’s stock worth $272,746,000 after purchasing an additional 438,732 shares during the period. Finally, Corient Private Wealth LLC grew its stake in shares of Lockheed Martin by 203.3% during the 4th quarter. Corient Private Wealth LLC now owns 560,363 shares of the aerospace company’s stock worth $271,031,000 after purchasing an additional 375,622 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.94 and a current ratio of 1.14. The stock’s fifty day moving average price is $521.47 and its 200-day moving average price is $572.63. The firm has a market cap of $131.10 billion, a PE ratio of 27.54, a P/E/G ratio of 0.91 and a beta of 0.11.

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.