Lockheed Martin Corporation (NYSE:LMT) Given Average Rating of “Hold” by Brokerages

Shares of Lockheed Martin Corporation (NYSE:LMTGet Free Report) have earned a consensus recommendation of “Hold” from the nineteen research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $632.3889.

Several equities analysts have weighed in on the company. Wells Fargo & Company set a $600.00 target price on Lockheed Martin in a research note on Monday, July 27th. Jefferies Financial Group restated a “hold” rating on shares of Lockheed Martin in a research note on Sunday, July 26th. Morgan Stanley lifted their price objective 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. TD Cowen cut their target price on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a report on Monday, July 13th. Finally, Citigroup boosted their price target on Lockheed Martin from $641.00 to $691.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th.

View Our Latest Report on Lockheed Martin

Hedge Funds Weigh In On Lockheed Martin

Several large investors have recently made changes to their positions in LMT. Basso Capital Management L.P. acquired a new position in shares of Lockheed Martin during the fourth quarter worth approximately $25,000. Burnham & Co LLC bought a new position in shares of Lockheed Martin during the 2nd quarter worth about $25,000. United Financial Planning Group LLC acquired a new stake in Lockheed Martin during the third quarter valued at approximately $25,000. Clarity Asset Management Inc. acquired a new position in shares of Lockheed Martin in the 4th quarter worth approximately $26,000. Finally, Field & Main Bank acquired a new stake in Lockheed Martin in the 2nd quarter valued at $26,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $561.83 on Tuesday. Lockheed Martin has a 52 week low of $437.25 and a 52 week high of $692.00. The stock has a market cap of $129.66 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 0.97 and a beta of 0.10. The company’s 50-day moving average price is $553.07 and its two-hundred day moving average price is $572.82. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34.

Lockheed Martin (NYSE:LMTGet Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, topping 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 firm 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 business posted $1.46 earnings per share. The firm’s quarterly 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, sell-side analysts anticipate that Lockheed Martin will post 30.39 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be given a $3.45 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.5%. Lockheed Martin’s dividend payout ratio (DPR) is currently 50.87%.

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.

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Analyst Recommendations for Lockheed Martin (NYSE:LMT)

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