Lockheed Martin (NYSE:LMT) Shares Up 2.3% – Still a Buy?

Lockheed Martin Corporation (NYSE:LMT)’s stock price was up 2.3% on Monday . The stock traded as high as $528.39 and last traded at $528.1320. Approximately 1,221,581 shares were traded during trading, a decline of 29% from the average daily volume of 1,716,642 shares. The stock had previously closed at $516.01.

Wall Street Analyst Weigh In

LMT has been the topic of several recent research reports. Wall Street Zen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Argus increased their price objective on shares of Lockheed Martin from $530.00 to $735.00 and gave the company a “buy” rating in a report on Friday, March 6th. Bank of America reduced their price objective on shares of Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. Susquehanna dropped their target price on shares of Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. cut their price target on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Lockheed Martin has a consensus rating of “Hold” and a consensus price target of $620.68.

Lockheed Martin Stock Performance

The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. The stock has a market cap of $121.77 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 0.93 and a beta of 0.10. The stock’s fifty day moving average is $590.88 and its 200-day moving average is $555.16.

Lockheed Martin (NYSE:LMT) last posted 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). Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The firm had revenue of $18.02 billion during the quarter, compared to analyst estimates of $18.38 billion. During the same quarter last year, the business posted $7.28 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, analysts forecast that Lockheed Martin Corporation will post 29.88 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 1st will be issued a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, June 1st. Lockheed Martin’s dividend payout ratio is 66.83%.

Hedge Funds Weigh In On Lockheed Martin

Several institutional investors have recently modified their holdings of LMT. Charles Schwab Investment Management Inc. boosted its holdings in shares of Lockheed Martin by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company’s stock valued at $4,178,399,000 after buying an additional 114,900 shares during the period. Morgan Stanley raised its holdings in shares of Lockheed Martin by 10.1% during the fourth quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock worth $2,770,729,000 after acquiring an additional 527,523 shares during the period. Wellington Management Group LLP lifted its position in Lockheed Martin by 3.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,384,753 shares of the aerospace company’s stock valued at $1,190,493,000 after acquiring an additional 79,491 shares in the last quarter. Invesco Ltd. boosted its stake in Lockheed Martin by 4.2% in the 3rd quarter. Invesco Ltd. now owns 2,196,058 shares of the aerospace company’s stock worth $1,096,294,000 after purchasing an additional 87,663 shares during the period. Finally, Franklin Resources Inc. boosted its stake in Lockheed Martin by 0.6% in the 4th quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company’s stock worth $807,866,000 after purchasing an additional 10,349 shares during the period. Institutional investors own 74.19% of the company’s stock.

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.