Lockheed Martin (NYSE:LMT) Trading 2.5% Higher – Still a Buy?

Lockheed Martin Corporation (NYSE:LMT) shares rose 2.5% during mid-day trading on Tuesday . The stock traded as high as $612.75 and last traded at $608.3030. Approximately 1,022,071 shares traded hands during trading, a decline of 33% from the average daily volume of 1,521,462 shares. The stock had previously closed at $593.74.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Robert W. Baird set a $700.00 price objective on shares of Lockheed Martin in a research report on Friday, July 24th. Citigroup raised their target price on shares of Lockheed Martin from $641.00 to $691.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. BNP Paribas Exane decreased their target price on Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft lowered their target price on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a report on Friday, April 24th. Finally, Royal Bank Of Canada increased their price target 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 investment 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. Based on data from MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and an average price target of $632.39.

Lockheed Martin Stock Down 0.7%

The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. The firm has a market capitalization of $134.98 billion, a P/E ratio of 21.55, a PEG ratio of 1.04 and a beta of 0.10. The firm’s fifty day moving average price is $546.85 and its 200-day moving average price is $576.25.

Lockheed Martin (NYSE:LMT) last announced 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. The firm had revenue of $20.06 billion for the quarter, compared to analysts’ expectations of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, equities research analysts forecast that Lockheed Martin Corporation will post 30.39 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be paid a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s payout ratio is currently 50.87%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LMT. BlackRock Inc. bought a new stake in Lockheed Martin in the second quarter worth about $9,617,574,000. Corient Private Wealth LP acquired a new position in shares of Lockheed Martin in the 2nd quarter worth approximately $101,960,000. Bank of New York Mellon Corp acquired a new position in shares of Lockheed Martin in the 2nd quarter worth approximately $645,258,000. Legal & General Group Plc bought a new stake in shares of Lockheed Martin in the 2nd quarter worth approximately $497,469,000. Finally, Diamant Asset Management Inc. lifted its stake 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 valued at $531,493,000 after purchasing an additional 877,932 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

About Lockheed Martin

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.