Lockheed Martin (NYSE:LMT) Trading Down 1.5% – Here’s What Happened

Lockheed Martin Corporation (NYSE:LMT)’s share price was down 1.5% during trading on Monday . The company traded as low as $535.17 and last traded at $537.62. 932,340 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 1,621,833 shares. The stock had previously closed at $545.91.

Lockheed Martin News Summary

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

• Positive Sentiment: The Ultra Maritime acquisition deepens Lockheed Martin’s undersea warfare and anti-submarine warfare capabilities, potentially boosting its long-term defense portfolio. Lockheed Martin to Acquire Ultra Maritime Solutions
• Positive Sentiment: The deal expands LMT’s sonar and maritime systems offerings, which could improve its competitiveness in naval defense contracts. Lockheed Martin to buy Ultra Maritime for $3.45 billion
• Neutral Sentiment: Lockheed Martin is drawing attention as a trending stock, but that interest appears tied more to the acquisition news than to any new operating update. Lockheed Martin Corporation (LMT) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Investors may be worried about the size of the $3.45 billion purchase and its near-term impact on capital allocation, debt, and integration risk. M&A News: Lockheed Martin Stock (LMT) Sinks Despite $3.5B Deal to Buy Naval Specialist Ultra Maritime

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wall Street Zen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. TD Cowen dropped their price objective on shares of Lockheed Martin from $670.00 to $600.00 and set a “hold” rating for the company in a research note on Friday, April 24th. BNP Paribas Exane cut their price objective on shares of Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. Jefferies Financial Group set a $575.00 target price on shares of Lockheed Martin in a research note on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $613.63.

Lockheed Martin Stock Down 1.5%

The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. The company has a 50-day simple moving average of $520.46 and a 200 day simple moving average of $569.22. The company has a market cap of $123.95 billion, a P/E ratio of 26.03, a P/E/G ratio of 0.99 and a beta of 0.11.

Lockheed Martin (NYSE:LMT) last released its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share for the quarter, missing the consensus estimate of $6.79 by ($0.35). The business had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $18.38 billion. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the business posted $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, equities analysts anticipate that Lockheed Martin Corporation will post 29.88 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 1st were given a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Monday, June 1st. Lockheed Martin’s payout ratio is 66.83%.

Hedge Funds Weigh In On Lockheed Martin

A number of institutional investors have recently modified their holdings of the stock. IAG Wealth Partners LLC grew its stake in Lockheed Martin by 4,800.0% in the first quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 48 shares in the last quarter. United Financial Planning Group LLC bought a new stake in Lockheed Martin during the 3rd quarter valued at $25,000. Basso Capital Management L.P. purchased a new stake in shares of Lockheed Martin in the 4th quarter worth $25,000. Clarity Asset Management Inc. purchased a new stake in shares of Lockheed Martin in the 4th quarter worth $26,000. Finally, TD Capital Management LLC grew its position in shares of Lockheed Martin by 450.0% during the 4th quarter. TD Capital Management LLC now owns 55 shares of the aerospace company’s stock worth $27,000 after buying an additional 45 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Company Profile

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.