Lockheed Martin (NYSE:LMT) Shares Up 1.7% – Here’s What Happened

Lockheed Martin Corporation (NYSE:LMT)’s share price rose 1.7% during trading on Thursday. The company traded as high as $509.08 and last traded at $507.8050. Approximately 1,100,768 shares changed hands during trading, a decline of 24% from the average session volume of 1,450,138 shares. The stock had previously closed at $499.22.

Trending Headlines about Lockheed Martin

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

• Positive Sentiment: Lockheed Martin reached a framework agreement with the Pentagon to accelerate production and deliveries of its AIM-260 Joint Advanced Tactical Missile. The program could provide multiyear revenue visibility and strengthen the company’s position in air-dominance weapons. Can Lockheed Martin’s AIM-260 Missile Deliver Multiyear Growth?
• Positive Sentiment: Rothschild & Co. Redburn initiated coverage with a Buy rating and a $650 price target, implying substantial upside from recent trading levels. The new bullish coverage may improve sentiment toward the shares. Rothschild & Co. initiates coverage of Lockheed Martin with buy
• Positive Sentiment: Recent analysis highlighted Lockheed Martin’s large backlog, missile growth opportunities and the possibility of margin recovery, factors that could improve the company’s earnings outlook. The company also secured a $245 million modification for a second IRST Block II order. Lockheed Martin Nabs $245 Million Modification for Second IRST Block II Order
• Neutral Sentiment: Lockheed Martin announced the first flight of Morocco’s initial F-16 Block 72, demonstrating progress on an international aircraft program but offering limited immediate information about financial impact. Lockheed Martin Announces First Flight of Morocco’s First F-16 Block 72
• Negative Sentiment: The stock recently underperformed the broader market and experienced a larger single-session decline, reflecting lingering investor concerns despite its defense exposure and long-term growth opportunities. Lockheed Martin Suffers a Larger Drop Than the General Market

Analyst Upgrades and Downgrades

Several brokerages recently commented on LMT. Jefferies Financial Group reaffirmed a “hold” rating on shares of Lockheed Martin in a research report on Wednesday, September 2nd. Citigroup increased their price objective on shares of Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Wells Fargo & Company set a $600.00 price objective on shares of Lockheed Martin in a report on Monday, July 27th. Wall Street Zen raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 20th. Finally, TD Cowen dropped their price target on 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 research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $638.21.

Lockheed Martin Stock Performance

The firm has a market capitalization of $117.20 billion, a price-to-earnings ratio of 18.72, a P/E/G ratio of 1.11 and a beta of 0.09. The company has a 50-day moving average price of $550.68 and a 200-day moving average price of $548.23. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, beating the consensus estimate of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The firm had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. During the same quarter in the previous year, the business earned $1.46 EPS. The firm’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. As a group, equities research analysts forecast that Lockheed Martin Corporation will post 30.44 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st were given a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is 50.87%.

Hedge Funds Weigh In On Lockheed Martin

Several hedge funds have recently made changes to their positions in LMT. IAG Wealth Partners LLC lifted its stake in Lockheed Martin by 4,800.0% during the first quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 48 shares during the last quarter. Burnham & Co LLC acquired a new stake in shares of Lockheed Martin during the 2nd quarter valued at $25,000. Basso Capital Management L.P. acquired a new stake in shares of Lockheed Martin during the 4th quarter valued at $25,000. Field & Main Bank bought a new stake in shares of Lockheed Martin during the 2nd quarter worth $26,000. Finally, Clarity Asset Management Inc. acquired a new position in shares of Lockheed Martin in the 4th quarter worth $26,000. 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.