Rothschild & Co Redburn started coverage on shares of Lockheed Martin (NYSE:LMT – Free Report) in a research note released on Tuesday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $650.00 price target on the aerospace company’s stock.
Other analysts have also issued reports about the company. Robert W. Baird set a $700.00 price target on Lockheed Martin in a report on Friday, July 24th. Wall Street Zen upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Sunday, September 20th. Morgan Stanley raised their target price on Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. Citigroup lifted their target price on Lockheed Martin from $641.00 to $691.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Finally, TD Cowen cut their price target on shares of Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and a consensus target price of $634.00.
View Our Latest Stock Analysis on LMT
Lockheed Martin Trading Up 1.7%
Lockheed Martin (NYSE:LMT – Get Free Report) last posted its 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 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 analysts’ expectations of $19.34 billion. During the same quarter last year, the firm earned $1.46 EPS. The company’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. Research analysts anticipate that Lockheed Martin will post 30.44 EPS for the current fiscal year.
Lockheed Martin Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Tuesday, September 1st were paid a $3.45 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $13.80 annualized dividend and a yield of 2.7%. Lockheed Martin’s dividend payout ratio is presently 50.87%.
Institutional Trading of Lockheed Martin
Large investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Lockheed Martin in the 2nd quarter worth about $9,617,574,000. Corient Private Wealth LP bought a new stake in Lockheed Martin in the 2nd quarter valued at about $101,960,000. Bank of New York Mellon Corp purchased a new stake in Lockheed Martin during the second quarter valued at about $645,258,000. Legal & General Group Plc purchased a new stake in Lockheed Martin during the second quarter valued at about $497,469,000. Finally, Diamant Asset Management Inc. boosted its position in Lockheed Martin by 60,339.0% during the first quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company’s stock worth $531,493,000 after purchasing an additional 877,932 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.
Trending Headlines about Lockheed Martin
Here are the key news stories impacting Lockheed Martin this week:
- Positive Sentiment: AIM-260 missile program could improve multiyear revenue visibility. A framework agreement with the Pentagon is expected to accelerate production and delivery of Lockheed Martin’s AIM-260 Joint Advanced Tactical Missile. The program’s growing importance to U.S. air dominance plans could support a longer-term increase in orders and sales. Can Lockheed Martin’s AIM-260 Missile Deliver Multiyear Growth?
- Positive Sentiment: Rothschild & Co. Redburn initiated coverage with a Buy rating and a $650 price target. The target implies substantial upside from recent trading levels and adds to the bullish case for the shares. Rothschild & Co initiates coverage of Lockheed Martin with buy
- Positive Sentiment: Investors continue to point to Lockheed Martin’s large backlog and potential margin recovery. Recent analysis argues that missile growth, improving profitability and resilient defense demand could strengthen the company’s earnings outlook. Lockheed Martin: Missile Growth and Margin Recovery Could Change the Earnings Story
- Neutral Sentiment: Lockheed Martin announced the first flight of Morocco’s first F-16 Block 72, highlighting continued international demand for its aircraft, though the near-term financial impact was not disclosed. Lockheed Martin Announces First Flight of Morocco’s First F-16 Block 72
- Negative Sentiment: The stock recently fell more sharply than the broader market and has significantly lagged the S&P 500 this year. Its position below recent highs and key moving averages remains a technical and performance overhang. Lockheed Martin Suffers a Larger Drop Than the General Market
About Lockheed Martin
Lockheed Martin Corporation is a global aerospace, defense and technology company headquartered in Bethesda, Maryland. The company develops and produces advanced systems for government and commercial customers, with the U.S. Department of Defense and other U.S. government agencies representing its primary customers.
Its principal activities include the design and manufacture of military aircraft, missiles, air and missile defense systems, radar and sensor technologies, naval and rotary-wing systems, satellites, space exploration systems, and cybersecurity and information technology solutions.
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