Lockheed Martin (NYSE:LMT) Stock Price Down 2% – Here’s Why

Lockheed Martin Corporation (NYSE:LMT) dropped 2% on Wednesday . The stock traded as low as $577.13 and last traded at $577.30. Approximately 952,679 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 1,557,135 shares. The stock had previously closed at $589.33.

Key Lockheed Martin News

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

• Positive Sentiment: Lockheed Martin’s record backlog of approximately $230 billion, major missile-defense awards and expanding production capacity support expectations for sustained revenue growth. The company also recently reported quarterly revenue growth and earnings above consensus, reinforcing its 2026 earnings outlook. Should Investors Chase LMT Stock After Its 15.5% Three-Month Gain?
• Positive Sentiment: The company signed a memorandum of understanding with NioCorp to advance scandium-based defense technologies. The Pentagon-funded program could help secure domestic materials for future military applications, although the financial impact is likely longer term. Lockheed Martin and NioCorp Sign MOU
• Positive Sentiment: Skunk Works is advancing sensor-powered artificial intelligence for fighter interception through live flight testing, while Lockheed selected Gravitics to support an orbital-infrastructure defense contract. These developments strengthen the company’s positioning in autonomy, space and next-generation defense systems. Skunk Works Advances Sensor-Powered AI Fighter Intercept
• Neutral Sentiment: Analyst commentary remains generally constructive: the average published price target is above the recent trading level, and several investors view the recent weakness as a potential buying opportunity. However, these reports are opinions rather than new company guidance. Lockheed Martin Is Down Six Months
• Neutral Sentiment: Lockheed is reportedly discussing purchases of critical minerals from U.S. mines as the administration pressures defense contractors to reduce dependence on China. Domestic sourcing could improve resilience but may increase procurement costs. Lockheed Seeks U.S. Mineral Supplies
• Negative Sentiment: Investors remain focused on execution and risk after earlier share-price weakness. Commentary highlights rising geopolitical, supply-chain and program risks, while Lockheed’s elevated leverage and premium valuation could limit upside if growth or margins disappoint.
• Negative Sentiment: Lockheed reportedly agreed to cover the cost of redoing a White House helipad, an immaterial expense but an unfavorable headline for the company. White House Helipad Report

Wall Street Analysts Forecast Growth

Several brokerages have commented on LMT. JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. UBS Group reaffirmed a “neutral” rating and set a $581.00 price objective on shares of Lockheed Martin in a research note on Friday, July 24th. Royal Bank Of Canada upped their price objective on Lockheed Martin from $575.00 to $600.00 and gave the company a “sector perform” rating in a report on Friday, July 24th. Sanford C. Bernstein restated a “market perform” rating on shares of Lockheed Martin in a report on Friday, May 29th. Finally, Bank of America decreased their target price on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Lockheed Martin has a consensus rating of “Hold” and a consensus target price of $626.33.

Lockheed Martin Trading Down 2.0%

The company has a market capitalization of $133.24 billion, a P/E ratio of 21.28, a PEG ratio of 1.01 and a beta of 0.10. 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 business’s 50-day moving average price is $531.06 and its two-hundred day moving average price is $575.78.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating analysts’ consensus estimates of $7.22 by $0.72. The business had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, analysts forecast that Lockheed Martin Corporation will post 30.31 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be issued a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is 50.87%.

Hedge Funds Weigh In On Lockheed Martin

Institutional investors have recently modified their holdings of the business. Welch Group LLC raised its position in Lockheed Martin by 1.5% in the 4th quarter. Welch Group LLC now owns 132,684 shares of the aerospace company’s stock valued at $64,175,000 after buying an additional 1,999 shares during the last quarter. World Investment Advisors boosted its position in Lockheed Martin by 54.7% during the 4th quarter. World Investment Advisors now owns 14,739 shares of the aerospace company’s stock worth $7,129,000 after acquiring an additional 5,214 shares during the last quarter. SG Americas Securities LLC boosted its position in Lockheed Martin by 5.4% during the 1st quarter. SG Americas Securities LLC now owns 276,383 shares of the aerospace company’s stock worth $167,043,000 after acquiring an additional 14,150 shares during the last quarter. Secured Retirement Advisors LLC boosted its position in Lockheed Martin by 288.6% during the 4th quarter. Secured Retirement Advisors LLC now owns 3,128 shares of the aerospace company’s stock worth $1,513,000 after acquiring an additional 2,323 shares during the last quarter. Finally, Versor Investments LP grew its stake in shares of Lockheed Martin by 220.4% during the 4th quarter. Versor Investments LP now owns 5,997 shares of the aerospace company’s stock worth $2,901,000 after acquiring an additional 4,125 shares in 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.