Lockheed Martin (NYSE:LMT) Stock Price Down 2.4% – What’s Next?

Shares of Lockheed Martin Corporation (NYSE:LMT) were down 2.4% on Wednesday . The company traded as low as $530.15 and last traded at $531.60. Approximately 1,193,734 shares were traded during trading, a decline of 20% from the average daily volume of 1,491,283 shares. The stock had previously closed at $544.50.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LMT. Royal Bank Of Canada upped their target price on shares of Lockheed Martin from $575.00 to $600.00 and gave the company a “sector perform” rating in a research note on Friday, July 24th. Robert W. Baird set a $700.00 price target on shares of Lockheed Martin in a research report on Friday, July 24th. Wall Street Zen upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. Finally, Weiss Ratings upgraded shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $632.39.

Lockheed Martin Stock Down 2.4%

The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. The firm has a market capitalization of $122.69 billion, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 0.96 and a beta of 0.10. The business’s 50 day moving average is $553.85 and its 200-day moving average is $572.22.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.22 by $0.72. The company had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The business’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the business posted $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Equities analysts anticipate that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $3.45 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.6%. Lockheed Martin’s dividend payout ratio is currently 50.87%.

Hedge Funds Weigh In On Lockheed Martin

Several large investors have recently made changes to their positions in LMT. Basso Capital Management L.P. acquired a new position in shares of Lockheed Martin during the fourth quarter worth about $25,000. Burnham & Co LLC bought a new position in shares of Lockheed Martin during the 2nd quarter worth approximately $25,000. United Financial Planning Group LLC bought a new position in Lockheed Martin during the third quarter worth $25,000. Clarity Asset Management Inc. acquired a new position in Lockheed Martin in the 4th quarter valued at about $26,000. Finally, Field & Main Bank bought a new position in shares of Lockheed Martin during the second quarter worth approximately $26,000. 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.