Lockheed Martin (NYSE:LMT) Shares Up 1.7% – Here’s What Happened

Lockheed Martin Corporation (NYSE:LMT) rose 1.7% during mid-day trading on Thursday. The company traded as high as $509.08 and last traded at $507.8050. 1,100,768 shares changed hands during trading, a decline of 24% from the average session volume of 1,450,138 shares. The stock had previously closed at $499.22.

Trending Headlines about Lockheed Martin

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

• Positive Sentiment: Lockheed Martin won its first S-70i Black Hawk training contract from the Philippines. The award expands the company’s defense-training business and could create additional international revenue opportunities. Can Lockheed Martin’s Training Solutions Expand Its Defense Business?
• Positive Sentiment: Investors continue to focus on Lockheed’s record backlog, stronger missile demand and the Pentagon framework supporting the AIM-260 Joint Advanced Tactical Missile. Faster production and deliveries could provide multiyear revenue visibility. Can Lockheed Martin’s AIM-260 Missile Deliver Multiyear Growth?
• Positive Sentiment: Several analyses characterize LMT as undervalued after its recent decline, citing a forward-looking defense backlog, raised full-year outlook and a valuation below its recent historical average. UBS also published a $674 price target, while Rothschild & Co. initiated coverage with a Buy rating. Is The Market Underpricing Lockheed Martin Stock?
• Positive Sentiment: Lockheed announced the first flight of Morocco’s first F-16 Block 72, supporting the company’s international fighter-aircraft franchise and potential follow-on demand. Lockheed Martin Announces First Flight of Morocco’s First F-16 Block 72

Analyst Ratings Changes

A number of research analysts recently commented on LMT shares. Jefferies Financial Group reissued a “hold” rating on shares of Lockheed Martin in a report on Wednesday, September 2nd. Royal Bank Of Canada increased their target price on Lockheed Martin from $575.00 to $600.00 and gave the company a “sector perform” rating in a research note on Friday, July 24th. Barclays raised shares of Lockheed Martin to a “hold” rating in a research report on Friday. Rothschild & Co Redburn assumed coverage on shares of Lockheed Martin in a report on Tuesday. They issued a “buy” rating and a $650.00 price target on the stock. Finally, TD Cowen reduced their price objective on shares of Lockheed Martin from $600.00 to $570.00 and set a “hold” rating on the stock in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Lockheed Martin has an average rating of “Hold” and an average price target of $634.50.

Lockheed Martin Trading Up 0.4%

The company has a market cap of $117.64 billion, a P/E ratio of 18.79, a P/E/G ratio of 1.10 and a beta of 0.09. The business has a fifty day simple moving average of $547.87 and a 200 day simple moving average of $547.13. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19.

Lockheed Martin (NYSE:LMT) last posted its quarterly 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. The business had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%. The business’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Analysts anticipate that Lockheed Martin Corporation will post 30.44 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st were issued a $3.45 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. Lockheed Martin’s payout ratio is 50.87%.

Hedge Funds Weigh In On Lockheed Martin

A number of large investors have recently bought and sold shares of LMT. BlackRock Inc. acquired a new stake in shares of Lockheed Martin in the 2nd quarter valued at $9,617,574,000. Corient Private Wealth LP bought a new position in Lockheed Martin in the second quarter valued at about $101,960,000. Bank of New York Mellon Corp acquired a new stake in Lockheed Martin in the second quarter worth about $645,258,000. Legal & General Group Plc bought a new stake in Lockheed Martin during the 2nd quarter worth about $497,469,000. Finally, Diamant Asset Management Inc. lifted its position in Lockheed Martin by 60,339.0% during 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 during the period. Institutional investors own 74.19% of the company’s stock.

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.