Lockheed Martin Corporation (NYSE:LMT) Given Average Recommendation of “Hold” by Analysts

Shares of Lockheed Martin Corporation (NYSE:LMTGet Free Report) have been given a consensus recommendation of “Hold” by the twenty brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $626.3333.

A number of equities research analysts have weighed in on LMT shares. Royal Bank Of Canada upped their price target on shares of Lockheed Martin from $575.00 to $600.00 and gave the company a “sector perform” rating in a report on Friday, July 24th. Jefferies Financial Group reissued a “hold” rating on shares of Lockheed Martin in a research note on Sunday, July 26th. BNP Paribas Exane reduced their price objective on shares of Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. Weiss Ratings raised Lockheed Martin from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Finally, DZ Bank raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th.

View Our Latest Analysis on LMT

Lockheed Martin Stock Up 0.7%

Lockheed Martin stock opened at $581.90 on Friday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. Lockheed Martin has a one year low of $423.91 and a one year high of $692.00. The company has a 50-day simple moving average of $532.87 and a 200-day simple moving average of $575.78. The firm has a market capitalization of $134.30 billion, a P/E ratio of 21.45, a P/E/G ratio of 0.99 and a beta of 0.10.

Lockheed Martin (NYSE:LMTGet Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) 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 analyst estimates of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, equities analysts expect that Lockheed Martin will post 30.36 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be issued a $3.45 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.4%. Lockheed Martin’s dividend payout ratio is presently 50.87%.

Institutional Investors Weigh In On Lockheed Martin

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LMT. Charles Schwab Investment Management Inc. raised its position in shares of Lockheed Martin by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company’s stock worth $4,178,399,000 after acquiring an additional 114,900 shares during the last quarter. Morgan Stanley lifted its position in Lockheed Martin by 10.1% during the 4th quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock valued at $2,770,729,000 after purchasing an additional 527,523 shares during the period. Franklin Resources Inc. boosted its stake in shares of Lockheed Martin by 0.6% in the 4th quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company’s stock valued at $807,866,000 after purchasing an additional 10,349 shares during the last quarter. Deutsche Bank AG boosted its stake in Lockheed Martin by 7.4% in the fourth quarter. Deutsche Bank AG now owns 1,440,840 shares of the aerospace company’s stock valued at $696,891,000 after acquiring an additional 99,403 shares during the last quarter. Finally, AQR Capital Management LLC increased 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 purchasing an additional 669,604 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Key Headlines Impacting Lockheed Martin

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Lockheed Martin Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Lockheed Martin (NYSE:LMT)

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