Lockheed Martin (NYSE:LMT) Stock Price Down 2.1% – Here’s Why

Shares of Lockheed Martin Corporation (NYSE:LMT) traded down 2.1% during trading on Wednesday . The company traded as low as $524.37 and last traded at $524.8470. 1,361,554 shares changed hands during trading, a decline of 8% from the average session volume of 1,484,661 shares. The stock had previously closed at $536.15.

Trending Headlines about Lockheed Martin

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

• Positive Sentiment: UBS upgraded LMT to Buy from Neutral and raised its 12-month price target to $674 from $581, citing underappreciated missile growth, F-35 sustainment revenue and other defense programs. UBS expects roughly 9% annual revenue growth and sees approximately 26% upside from its reference price. UBS upgrades Lockheed Martin to Buy
• Positive Sentiment: Missile demand is emerging as a major catalyst. UBS reportedly projects Lockheed’s Missiles and Fire Control revenue could grow 150% by 2030, driven by rising international demand and replenishment of missile inventories. Lockheed Martin missile segment growth
• Positive Sentiment: Sweden awarded Lockheed a roughly $729 million HIMARS contract for launchers and ammunition, with deliveries expected to begin in 2027. Cooperation with Saab to produce ammunition locally could strengthen Lockheed’s European defense footprint. Lockheed Martin HIMARS contract in Sweden
• Positive Sentiment: The Javelin joint venture between Lockheed Martin and Raytheon signed an agreement with Tata Advanced Systems to explore producing Javelin missiles in India, supporting international capacity and market access.
• Positive Sentiment: Analysts and investors continue to point to sustained global defense-budget increases as a multiyear demand driver. Lockheed’s valuation—about 19 times earnings, below 14 times free cash flow, with a dividend yield near 2.6%—is also being presented as relatively attractive.
• Neutral Sentiment: The company also awarded L3Harris a $4.7 billion contract for PAC-3 MSE propulsion, highlighting strong program demand, though the award is primarily a supply-chain expense for Lockheed rather than direct revenue.
• Negative Sentiment: Defense stocks have recently lagged the broader market despite elevated geopolitical spending expectations. The long-term contract wins may not materially affect earnings immediately, leaving LMT vulnerable to sector rotation and short-term profit taking.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. UBS Group upgraded shares of Lockheed Martin from a “neutral” rating to a “buy” rating and boosted their price target for the company from $581.00 to $674.00 in a report on Tuesday. Jefferies Financial Group reaffirmed a “hold” rating on shares of Lockheed Martin in a research note on Wednesday, September 2nd. Morgan Stanley boosted their target price on shares of Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Wells Fargo & Company set a $600.00 target price on Lockheed Martin in a report on Monday, July 27th. Finally, TD Cowen decreased their target price on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $637.56.

Lockheed Martin Trading Down 2.1%

The stock has a market cap of $121.13 billion, a price-to-earnings ratio of 19.35, a price-to-earnings-growth ratio of 1.14 and a beta of 0.10. 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 company’s 50 day simple moving average is $556.57 and its two-hundred day simple moving average is $568.04.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The company had revenue of $20.06 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same quarter last year, the business posted $1.46 EPS. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Research analysts expect that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be given a dividend of $3.45 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.6%. Lockheed Martin’s dividend payout ratio (DPR) is presently 50.87%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of LMT. Basso Capital Management L.P. acquired a new stake in shares of Lockheed Martin during the 4th quarter valued at about $25,000. Burnham & Co LLC acquired a new position in Lockheed Martin in the second quarter worth approximately $25,000. United Financial Planning Group LLC bought a new position in Lockheed Martin during the third quarter valued at approximately $25,000. Clarity Asset Management Inc. bought a new position in Lockheed Martin during the fourth quarter valued at approximately $26,000. Finally, Field & Main Bank acquired a new stake in Lockheed Martin in the second quarter valued at approximately $26,000. 74.19% of the stock is owned by institutional investors and hedge funds.

About Lockheed Martin

Lockheed Martin Corporation is a global aerospace, defense and technology company that develops and produces systems for government and commercial customers, with the U.S. Department of Defense serving as its largest customer. Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

The company’s products and services include military aircraft such as the F-35 Lightning II, F-16 and C-130; air and missile defense systems; precision weapons; helicopters and maritime systems; radar, sensors and command-and-control technologies; satellites; space exploration systems; and missile-warning and strategic defense capabilities.

Lockheed Martin was created in 1995 through the merger of Lockheed Corporation and Martin Marietta.