Lockheed Martin (NYSE:LMT) Stock Price Down 1.4% – What’s Next?

Shares of Lockheed Martin Corporation (NYSE:LMT) dropped 1.4% on Thursday . The company traded as low as $596.48 and last traded at $598.0650. 793,114 shares were traded during trading, a decline of 48% from the average session volume of 1,534,170 shares. The stock had previously closed at $606.72.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Susquehanna lowered their target price on shares of Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a report on Friday, April 24th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. Wells Fargo & Company set a $600.00 price target on shares of Lockheed Martin in a research report on Monday, July 27th. DZ Bank upgraded shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Finally, Citigroup raised their price objective on Lockheed Martin from $641.00 to $691.00 and gave the stock a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $632.39.

Lockheed Martin Trading Up 1.7%

The business’s 50-day moving average price is $542.51 and its 200-day moving average price is $576.46. The firm has a market capitalization of $140.37 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 1.03 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.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, topping analysts’ consensus estimates of $7.22 by $0.72. The firm 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%. Lockheed Martin’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, analysts expect that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

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

Hedge Funds Weigh In On Lockheed Martin

Institutional investors have recently added to or reduced their stakes in the stock. Basso Capital Management L.P. purchased a new stake in shares of Lockheed Martin during the fourth quarter worth approximately $25,000. Burnham & Co LLC purchased a new position in Lockheed Martin in the 2nd quarter valued at $25,000. United Financial Planning Group LLC purchased a new position in Lockheed Martin in the 3rd quarter valued at $25,000. Clarity Asset Management Inc. acquired a new position in Lockheed Martin in the 4th quarter valued at $26,000. Finally, Triumph Capital Management increased its stake in Lockheed Martin by 66.7% in the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after buying an additional 22 shares during the period. Institutional investors and hedge funds 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.