Lockheed Martin (NYSE:LMT) Shares Down 1.3% – Here’s What Happened

Lockheed Martin Corporation (NYSE:LMT)’s stock price was down 1.3% during mid-day trading on Friday . The stock traded as low as $648.41 and last traded at $658.1020. Approximately 1,430,191 shares traded hands during trading, a decline of 28% from the average daily volume of 1,977,783 shares. The stock had previously closed at $666.51.

More Lockheed Martin News

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

• Positive Sentiment: Reports that Germany was weighing buying more F‑35 jets drove an initial rally by suggesting a material follow‑on order and revenue upside for Lockheed’s F‑35 program. Germany weighs buying more Lockheed F‑35 fighter jets – Reuters
• Positive Sentiment: Market commentary and early movers noted LMT shares rising as headlines circulated that Germany might expand its F‑35 purchase, a near‑term demand catalyst for production and backlog. Lockheed Martin Stock (LMT) Rises as Germany Eyes More F‑35 Fighter Jets – TipRanks
• Positive Sentiment: Coverage noting Germany’s approval/interest in the F‑35 helped investor sentiment and trading momentum earlier in the session. Why Lockheed Martin Stock Took Off Today – The Motley Fool
• Positive Sentiment: Lockheed secured a contract to upgrade/transform C‑130J aircrew training with Australia, adding modest near‑term revenue and reinforcing defense‑services growth beyond fighter production. Lockheed Martin Partners With Australia To Transform C‑130J Aircrew Training – Benzinga
• Positive Sentiment: Longer‑term thematic coverage (Artemis/lunar economy) highlights structural aerospace tailwinds that support multi‑year growth narratives for Lockheed and peers. Fly Me To The Moon – TalkMarkets
• Neutral Sentiment: Zacks analysis positioning LMT as a momentum name underscores favorable style scores and may attract style‑focused flows, but it’s not an immediate earnings or contract catalyst. Why Lockheed Martin (LMT) is a Top Momentum Stock for the Long‑Term – Zacks
• Neutral Sentiment: A separate Zacks piece arguing LMT is a strong value stock provides supporting analyst context for buy‑and‑hold investors but doesn’t change near‑term order risk. Here’s Why Lockheed Martin (LMT) is a Strong Value Stock – Zacks
• Negative Sentiment: Germany’s government later denied reports that it has made political decisions or concrete plans to order additional F‑35 aircraft, removing the primary near‑term upside catalyst and pressuring the stock. Germany Denies Report of Additional F‑35 Orders Beyond 35 Aircraft – Yahoo Finance

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LMT. BNP Paribas Exane raised their price objective on Lockheed Martin from $550.00 to $570.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Royal Bank Of Canada upped their target price on shares of Lockheed Martin from $615.00 to $650.00 and gave the stock a “sector perform” rating in a research note on Friday, January 30th. Truist Financial raised their price target on shares of Lockheed Martin from $605.00 to $695.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Wall Street Zen cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Lockheed Martin from $515.00 to $680.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Six equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $612.50.

Lockheed Martin Stock Down 1.3%

The company has a market capitalization of $151.42 billion, a PE ratio of 30.62, a P/E/G ratio of 1.19 and a beta of 0.23. The stock’s fifty day moving average is $563.88 and its two-hundred day moving average is $502.34. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing the consensus estimate of $6.33 by ($0.53). The company had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.84 billion. Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The business’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $7.67 EPS. As a group, analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 2nd will be paid a $3.45 dividend. The ex-dividend date is Monday, March 2nd. This represents a $13.80 annualized dividend and a yield of 2.1%. Lockheed Martin’s dividend payout ratio is presently 64.22%.

Institutional Trading of Lockheed Martin

A number of large investors have recently bought and sold shares of the company. Cerro Pacific Wealth Advisors LLC grew its stake in shares of Lockheed Martin by 1.2% during the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company’s stock worth $665,000 after acquiring an additional 16 shares during the period. Garner Asset Management Corp raised its stake in Lockheed Martin by 0.9% in the 4th quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company’s stock valued at $839,000 after acquiring an additional 16 shares during the period. Davis R M Inc. lifted its stake in shares of Lockheed Martin by 1.3% during the 4th quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company’s stock valued at $612,000 after buying an additional 16 shares in the last quarter. Broadway Wealth Solutions Inc. lifted its position in shares of Lockheed Martin by 3.6% during the fourth quarter. Broadway Wealth Solutions Inc. now owns 484 shares of the aerospace company’s stock worth $234,000 after acquiring an additional 17 shares in the last quarter. Finally, Aspire Growth Partners LLC lifted its holdings in Lockheed Martin by 0.7% during the 4th quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company’s stock worth $1,217,000 after purchasing an additional 17 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.