Lockheed Martin Corporation (LMT) – What Are Brokerages Thinking About This Stock?

Lockheed Martin Corporation (NYSE:LMT) has earned an average rating of “Moderate Buy” from the twenty-two brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $638.05.

Several research firms recently weighed in on LMT. Citigroup lifted their target price on shares of Lockheed Martin from $691.00 to $706.00 and gave the company a “buy” rating in a report on Friday. TD Cowen reduced their target price on shares of Lockheed Martin from $600.00 to $570.00 and set a “hold” rating on the stock in a report on Friday, October 9th. Bank of America reaffirmed a “neutral” rating and set a $620.00 price objective on shares of Lockheed Martin in a research report on Monday. Royal Bank Of Canada lifted their price target on shares of Lockheed Martin from $550.00 to $600.00 and gave the stock a “sector perform” rating in a research note on Friday. Finally, UBS Group raised their target price on shares of Lockheed Martin from $653.00 to $692.00 and gave the stock a “buy” rating in a research report on Friday.

Institutional Investors Weigh In On Lockheed Martin

Institutional investors and hedge funds have recently made changes to their positions in the business. Burnham & Co LLC acquired a new position in Lockheed Martin in the second quarter valued at $25,000. Field & Main Bank purchased a new stake in shares of Lockheed Martin during the second quarter valued at approximately $26,000. Kelleher Financial Advisors purchased a new stake in Lockheed Martin during the 2nd quarter worth $29,000. Highland Investment Advisors LLC purchased a new stake in shares of Lockheed Martin during the second quarter worth about $29,000. Finally, IAG Wealth Partners LLC grew its stake in Lockheed Martin by 4,800.0% during the 1st 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 in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

NYSE LMT opened at $623.39 on Wednesday. Lockheed Martin has a fifty-two week low of $437.25 and a fifty-two week high of $692.00. The stock’s fifty day moving average is $541.33 and its two-hundred day moving average is $567.38.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Thursday, October 22nd. The aerospace company reported $7.97 EPS for the quarter, topping analysts’ consensus estimates of $7.52 by $0.45. The firm had revenue of $20.71 billion for the quarter, compared to analysts’ expectations of $20.48 billion. Lockheed Martin’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period last year, the firm earned $6.95 earnings per share. On average, research analysts anticipate that Lockheed Martin will post 30.55 earnings per share for the current year.

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 1st will be given a dividend of $3.60 per share. This represents a $14.40 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.45.

Lockheed Martin News Roundup

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

• Positive Sentiment: Lockheed Martin received a $694 million U.S. Air Force contract to produce its Air-Launched Rapid Response Weapon hypersonic missile. The award strengthens the company’s position in high-priority missile and hypersonic defense programs. Lockheed Martin to Add Air-Launched Hypersonic Missile to the American Arsenal of Freedom
• Positive Sentiment: Morgan Stanley upgraded LMT to Overweight and raised its price target to $835 from $690, arguing that a 10-year F-35 production and sustainment framework reduces significant revenue risk. The framework targets at least 850 aircraft and supports production of roughly 156 jets annually. Lockheed Martin’s F-35 Deal Could Change How Wall Street Values the Stock
• Positive Sentiment: Recent operating momentum remains strong. Third-quarter revenue increased about 11% year over year to $20.7 billion, adjusted earnings exceeded estimates, and backlog reached a record $292 billion. The company also raised its quarterly dividend, reinforcing confidence in future cash flow. Lockheed Martin Q3 2026: Shattering 9-Month Expectations With a Record $292B Backlog
• Positive Sentiment: Zacks upgraded Lockheed Martin to a Rank #2, or “Buy,” citing improving earnings prospects. JPMorgan also raised its price target to $665, although it maintained a Neutral rating.
• Negative Sentiment: The F-35 framework is not yet a fully binding multiyear contract; it depends on congressional authorization and appropriations. That political uncertainty could limit near-term upside and is likely contributing to profit-taking after the recent advance. Morgan Stanley Just Turned Bullish on Lockheed Martin After a Big Pentagon Deal

About Lockheed Martin

Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers.

Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.

Lockheed Martin serves the U.S.