Lockheed Martin (NYSE:LMT) Trading Up 2.3% – Here’s What Happened

Posted by Brian Himes on Aug 12th, 2026

Lockheed Martin Corporation (NYSE:LMT – Get Free Report)’s share price shot up 2.3% during mid-day trading on Monday . The company traded as high as $606.65 and last traded at $601.67. Approximately 1,171,632 shares were traded during mid-day trading, a decline of 24% from the average daily volume of 1,546,314 shares. The stock had previously closed at $587.95.

Trending Headlines about Lockheed Martin

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

Positive Sentiment: The Pentagon awarded Lockheed Martin a multiyear PAC-3 Missile Segment Enhancement contract valued at up to $58.62 billion, including a seven-year, potentially $53.86 billion award and approximately $4.7 billion previously committed. The deal significantly strengthens the company’s backlog and visibility for its missile business. Why Did the Pentagon Just Hand Lockheed Martin $58.62B?
Positive Sentiment: Lockheed said its Next Generation Interceptor passed two key tests ahead of a 2026 design review. A successful static-fire test of the interceptor’s Stage 2 motor, conducted under simulated low-Earth-orbit conditions, represents progress toward the U.S. homeland missile-defense program and reduces technical risk. ICBM Killer Passes Two Key Tests Ahead of Design Review
Positive Sentiment: The company demonstrated an AI-powered drone-detection platform using existing 5G infrastructure, NVIDIA technology and partner systems. The technology could create opportunities in public-airspace and critical-infrastructure protection while supporting Lockheed’s broader missile and sensor portfolio. Lockheed Martin, Verizon, Keysight, ODC and Astris AI Demonstrate Technology
Neutral Sentiment: Analysts’ consensus price target is reported at $626.33, indicating continued confidence in Lockheed Martin’s outlook, although target prices are not guarantees of future returns. Lockheed Martin Receives $626.33 Consensus Target Price
Negative Sentiment: The early market reaction to the drone announcement was muted, with reports noting initial weakness despite the technology demonstration. Investors may also weigh execution, funding and timing risks because the large Patriot award is described as an undefinitized contract and requires substantial future production capacity. Lockheed Martin Stock Falls Despite Drone Push

Wall Street Analyst Weigh In

Several brokerages recently commented on LMT. UBS Group reaffirmed a “neutral” rating and set a $581.00 price objective on shares of Lockheed Martin in a research note on Friday, July 24th. JPMorgan Chase & Co. lowered their target price on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Robert W. Baird set a $700.00 price target on shares of Lockheed Martin in a report on Friday, July 24th. Morgan Stanley upped their price target on shares of Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. Finally, Royal Bank Of Canada increased their price objective on Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $626.33.

Get Our Latest Stock Report on LMT

Lockheed Martin Stock Performance

The company’s 50-day moving average is $537.38 and its two-hundred day moving average is $576.08. The company has a market capitalization of $140.49 billion, a P/E ratio of 22.44, a PEG ratio of 1.04 and a beta of 0.10. 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 – Get Free Report) last announced its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The business had revenue of $20.06 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same period in the previous year, the business posted $1.46 earnings per share. Lockheed Martin’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. Equities analysts anticipate that Lockheed Martin Corporation will post 30.36 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s payout ratio is currently 50.87%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Lockheed Martin during the second quarter worth approximately $9,617,574,000. Bank of New York Mellon Corp purchased a new stake in shares of Lockheed Martin in the 2nd quarter valued at $645,258,000. Diamant Asset Management Inc. boosted its stake in shares of Lockheed Martin by 60,339.0% in the 1st quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company’s stock valued at $531,493,000 after purchasing an additional 877,932 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Lockheed Martin by 107.3% during the 4th 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. Finally, Deutsche Bank AG bought a new position in shares of Lockheed Martin during the 2nd quarter valued at $274,558,000. Institutional investors own 74.19% of the company’s stock.

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.