Shares of Lockheed Martin Corporation (NYSE:LMT – Get Free Report) traded down 1.9% during trading on Tuesday. The company traded as low as $622.70 and last traded at $623.3880. Approximately 2,166,674 shares changed hands during mid-day trading, an increase of 48% from the average session volume of 1,460,558 shares. The stock had previously closed at $635.20.
Lockheed Martin News Roundup
Here are the key news stories impacting Lockheed Martin this week:
- Positive Sentiment: Morgan Stanley upgraded Lockheed Martin to Overweight from Equal Weight and raised its price target after the company secured a 10-year F-35 agreement with the Pentagon. The endorsement reinforces expectations for improved visibility and sustained production demand. Lockheed just landed one of the biggest defense deals in years
- Positive Sentiment: Lockheed received a $694 million U.S. Air Force contract to produce the Air-Launched Rapid Response Weapon, adding a significant hypersonic missile order and strengthening its long-term defense backlog. Lockheed Martin to Add Air-Launched Hypersonic Missile to the American Arsenal of Freedom
- Positive Sentiment: A successful U.S. Army test demonstrated Lockheed’s ability to redirect an in-flight GMLRS rocket, highlighting advances in precision strike and joint-fires capabilities that could support future defense demand. Lockheed Martin Advances Joint Fires Capability
- Neutral Sentiment: Analyst fair-value estimates moved modestly higher, from $624.95 to $645.48 in one model, while broader targets remain between $600 and $700. The range indicates optimism about execution but limited consensus on additional upside. Lockheed Martin Stock Sees Modest Fair Value Lift
- Neutral Sentiment: Election-related changes to federal defense spending and congressional priorities could affect Lockheed’s future contract environment, although the direction remains uncertain.
- Negative Sentiment: Investors remain concerned about cash generation, U.S. budget uncertainty, potential pension costs and challenges associated with the F-35 contract. One report also noted a quarter of negative free cash flow, tempering the appeal of Lockheed’s dividend and large backlog. Is the Defense Giant Still a Retirement Staple?
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. Wells Fargo & Company set a $600.00 target price on shares of Lockheed Martin in a research report on Monday, July 27th. Jefferies Financial Group reiterated a “hold” rating and set a $615.00 price target on shares of Lockheed Martin in a research note on Sunday. Citigroup lifted their target price on Lockheed Martin from $691.00 to $706.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. Robert W. Baird set a $700.00 target price on shares of Lockheed Martin in a report on Friday, July 24th. Finally, Royal Bank Of Canada boosted their target price on Lockheed Martin from $550.00 to $600.00 and gave the company a “sector perform” rating in a research report on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $638.05.
Check Out Our Latest Research Report on Lockheed Martin
Lockheed Martin Trading Up 2.5%
The company’s fifty day simple moving average is $541.77 and its 200-day simple moving average is $567.94. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.26 and a quick ratio of 1.10. The firm has a market capitalization of $149.08 billion, a PE ratio of 22.94, a P/E/G ratio of 1.29 and a beta of 0.09.
Lockheed Martin (NYSE:LMT – Get Free Report) last issued its earnings results on Thursday, October 22nd. The aerospace company reported $7.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.52 by $0.45. Lockheed Martin had a return on equity of 83.41% and a net margin of 8.23%. The company had revenue of $20.71 billion during the quarter, compared to analysts’ expectations of $20.48 billion. During the same period in the prior year, the business earned $6.95 EPS. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. As a group, sell-side analysts expect that Lockheed Martin Corporation will post 30.55 earnings per share for the current fiscal year.
Lockheed Martin Increases Dividend
The business also recently disclosed 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 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.45. Lockheed Martin’s payout ratio is 49.02%.
Hedge Funds Weigh In On Lockheed Martin
A number of institutional investors have recently modified their holdings of the company. Trek Financial LLC raised its stake in shares of Lockheed Martin by 1.2% during the third quarter. Trek Financial LLC now owns 1,405 shares of the aerospace company’s stock valued at $715,000 after purchasing an additional 16 shares in the last quarter. Woodmont Investment Counsel LLC increased its holdings in shares of Lockheed Martin by 0.9% in the 3rd quarter. Woodmont Investment Counsel LLC now owns 3,572 shares of the aerospace company’s stock valued at $1,819,000 after purchasing an additional 31 shares during the period. Traynor Capital Management Inc. boosted its position in Lockheed Martin by 4.3% during the third quarter. Traynor Capital Management Inc. now owns 20,537 shares of the aerospace company’s stock valued at $10,459,000 after purchasing an additional 850 shares during the last quarter. Walled Lake Planning & Wealth Management LLC grew its position in Lockheed Martin by 1.2% in the third quarter. Walled Lake Planning & Wealth Management LLC now owns 12,658 shares of the aerospace company’s stock worth $6,446,000 after acquiring an additional 144 shares in the last quarter. Finally, Virtue Capital Management LLC boosted its position in Lockheed Martin by 3.2% during the third quarter. Virtue Capital Management LLC now owns 613 shares of the aerospace company’s stock worth $312,000 after purchasing an additional 19 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.
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.
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