Lockheed Martin (NYSE:LMT) Trading 1.6% Higher – Here’s What Happened

Posted by George Bondi on Aug 2nd, 2026

Lockheed Martin Corporation (NYSE:LMT – Get Free Report) traded up 1.6% on Friday . The stock traded as high as $583.89 and last traded at $583.4160. Approximately 1,417,205 shares were traded during trading, a decline of 9% from the average daily volume of 1,564,800 shares. The stock had previously closed at $574.11.

More Lockheed Martin News

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

Positive Sentiment: The U.S. Army awarded Lockheed Martin a seven-year contract modification valued at up to $53.86 billion for PAC-3 Missile Segment Enhancement interceptors. Including a previously awarded $4.7 billion first-year contract, the total potential value reaches $58.62 billion—the largest Patriot missile award to date. US awards Lockheed Martin $58.6 billion in largest-ever Patriot missile deal
Positive Sentiment: Lockheed Martin plans to triple PAC-3 production, creating additional jobs and expanding manufacturing capacity. CEO Jim Taiclet said the award could help push the company’s backlog toward approximately $300 billion, improving long-term revenue visibility. Lockheed Martin Gets a Mega Missile Contract
Positive Sentiment: Escalating U.S.-Iran tensions and missile use are depleting American weapons inventories, increasing the likelihood of sustained Pentagon replenishment orders. Lockheed Martin is viewed as a key beneficiary because of its leading position in missile defense. Iran Tensions Illustrate Defense Supply Shortages
Neutral Sentiment: The contract is described as “undefinitized,” meaning final terms and pricing remain subject to negotiation. Investors may therefore focus on execution, production ramp-up costs and eventual contract profitability rather than the headline value alone. Lockheed Martin’s Missile Contract Brings More Jobs, Higher Production

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their price target on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a report on Friday, April 24th. UBS Group reissued a “neutral” rating and set a $581.00 price objective on shares of Lockheed Martin in a report on Friday, July 24th. DZ Bank upgraded shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Robert W. Baird set a $700.00 target price on shares of Lockheed Martin in a report on Friday, July 24th. Finally, BNP Paribas Exane dropped their target price on shares of Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $626.33.

Read Our Latest Analysis on LMT

Lockheed Martin Trading Up 1.6%

The business has a 50-day moving average of $528.91 and a 200-day moving average of $575.29. The stock has a market capitalization of $134.65 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 1.00 and a beta of 0.11. 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 (NYSE:LMT – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping 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 company had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same quarter in the previous year, the company posted $1.46 earnings per share. The firm’s revenue was up 10.5% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, research analysts forecast that Lockheed Martin Corporation will post 30.31 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be given 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 dividend yield of 2.4%. Lockheed Martin’s dividend payout ratio (DPR) is 50.87%.

Institutional Trading of Lockheed Martin

Institutional investors and hedge funds have recently bought and sold shares of the business. Cerro Pacific Wealth Advisors LLC increased its stake in Lockheed Martin by 1.2% in the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company’s stock valued at $665,000 after purchasing an additional 16 shares during the period. Garner Asset Management Corp boosted its stake in shares of Lockheed Martin by 0.9% during the fourth quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company’s stock worth $839,000 after buying an additional 16 shares during the period. Davis R M Inc. boosted its stake in shares of Lockheed Martin by 1.3% during the fourth quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company’s stock worth $612,000 after buying an additional 16 shares during the period. Broadway Wealth Solutions Inc. boosted its stake in shares of Lockheed Martin by 3.6% during the fourth quarter. Broadway Wealth Solutions Inc. now owns 484 shares of the aerospace company’s stock worth $234,000 after buying an additional 17 shares during the period. Finally, Aspire Growth Partners LLC grew its holdings in shares of Lockheed Martin by 0.7% during the fourth quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company’s stock worth $1,217,000 after buying an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

About Lockheed Martin

(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.