Lockheed Martin (NYSE:LMT) Stock Price Up 1.5% – Should You Buy?

Lockheed Martin Corporation (NYSE:LMT) rose 1.5% on Wednesday . The stock traded as high as $610.36 and last traded at $607.01. 1,031,785 shares traded hands during trading, a decline of 33% from the average session volume of 1,537,242 shares. The stock had previously closed at $597.77.

Key Headlines Impacting Lockheed Martin

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

• Positive Sentiment: The Pentagon awarded Lockheed Martin a multiyear PAC-3 Missile Segment Enhancement contract valued at up to $58.62 billion, including a seven-year, potentially $53.86 billion award and approximately $4.7 billion previously committed. The deal significantly strengthens the company’s backlog and visibility for its missile business. Why Did the Pentagon Just Hand Lockheed Martin $58.62B?
• Positive Sentiment: Lockheed said its Next Generation Interceptor passed two key tests ahead of a 2026 design review. A successful static-fire test of the interceptor’s Stage 2 motor, conducted under simulated low-Earth-orbit conditions, represents progress toward the U.S. homeland missile-defense program and reduces technical risk. ICBM Killer Passes Two Key Tests Ahead of Design Review
• Positive Sentiment: The company demonstrated an AI-powered drone-detection platform using existing 5G infrastructure, NVIDIA technology and partner systems. The technology could create opportunities in public-airspace and critical-infrastructure protection while supporting Lockheed’s broader missile and sensor portfolio. Lockheed Martin, Verizon, Keysight, ODC and Astris AI Demonstrate Technology
• Neutral Sentiment: Analysts’ consensus price target is reported at $626.33, indicating continued confidence in Lockheed Martin’s outlook, although target prices are not guarantees of future returns. Lockheed Martin Receives $626.33 Consensus Target Price
• Negative Sentiment: The early market reaction to the drone announcement was muted, with reports noting initial weakness despite the technology demonstration. Investors may also weigh execution, funding and timing risks because the large Patriot award is described as an undefinitized contract and requires substantial future production capacity. Lockheed Martin Stock Falls Despite Drone Push

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LMT. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Lockheed Martin in a research report on Friday, May 29th. BNP Paribas Exane cut their price target on Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a report on Friday, April 24th. JPMorgan Chase & Co. reduced their price objective on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Bank of America decreased their price objective on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Finally, DZ Bank raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $626.33.

Lockheed Martin Stock Performance

The company’s 50 day moving average price is $537.38 and its 200-day moving average price is $576.08. The stock has a market cap of $140.09 billion, a P/E ratio of 22.37, a price-to-earnings-growth ratio of 1.04 and a beta of 0.10. 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 released its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, beating analysts’ consensus estimates of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The company had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same period last year, the firm earned $1.46 earnings per share. The firm’s revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Equities analysts forecast that Lockheed Martin Corporation will post 30.36 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be given a dividend of $3.45 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.3%. Lockheed Martin’s dividend payout ratio (DPR) is currently 50.87%.

Institutional Trading of Lockheed Martin

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Lockheed Martin during the 2nd quarter worth $9,617,574,000. Charles Schwab Investment Management Inc. raised its position in 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 worth $4,178,399,000 after acquiring an additional 114,900 shares during the period. Morgan Stanley boosted its stake in Lockheed Martin by 10.1% in the fourth quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock valued at $2,770,729,000 after acquiring an additional 527,523 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Lockheed Martin by 0.6% during the 4th quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company’s stock valued at $807,866,000 after acquiring an additional 10,349 shares during the period. Finally, Deutsche Bank AG increased its stake in shares of Lockheed Martin by 7.4% during the 4th quarter. Deutsche Bank AG now owns 1,440,840 shares of the aerospace company’s stock worth $696,891,000 after purchasing an additional 99,403 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

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.