Lockheed Martin (NYSE:LMT) Stock Price Down 1% – Here’s What Happened

Lockheed Martin Corporation (NYSE:LMT)’s share price traded down 1% during trading on Tuesday. The stock traded as low as $511.03 and last traded at $512.7670. Approximately 1,234,686 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 1,464,996 shares. The stock had previously closed at $518.10.

Lockheed Martin News Summary

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

• Positive Sentiment: The Pentagon awarded Lockheed Martin an $871 million modification to an existing F-35 Lightning II support contract, increasing capacity for equipment, site activation and sustainment activities. Pentagon Deepens F-35 Bet: Lockheed Martin Secures $871M Support Contract Modification
• Positive Sentiment: A new $18.9 million long-range radar contract lifted the program’s total value to approximately $1.01 billion and extends work through June 2029, providing additional multiyear revenue visibility. Can Long-Range Radar Demand Support Lockheed Martin’s Growth?
• Positive Sentiment: Lockheed Martin’s backlog reached a record $230 billion at the end of the second quarter, up 38.3% year over year, supported by $65 billion in quarterly orders, including a $35 billion multiyear missile-defense contract. Can Lockheed Martin’s Backlog Keep Growing at This Pace?
• Positive Sentiment: Industry forecasts point to strong growth in anti-drone systems and space-based onboard computing, areas where Lockheed Martin is developing radar, directed-energy, autonomous-drone and AI-enabled space technologies. Anti-Drone Counter-UAS Market Report
• Neutral Sentiment: Reports about President Trump’s disclosed stock trades and increased defense-focused investment may improve sentiment toward defense contractors broadly, but they do not identify a direct transaction or catalyst involving LMT. Donald Trump, Cathie Wood Bet on the Same 32 Stocks

Analyst Ratings Changes

A number of brokerages have issued reports on LMT. Citigroup raised their price target on Lockheed Martin from $641.00 to $691.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Robert W. Baird set a $700.00 price objective on shares of Lockheed Martin in a research note on Friday, July 24th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Lockheed Martin in a research note on Wednesday, September 2nd. UBS Group upgraded shares of Lockheed Martin from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $581.00 to $674.00 in a report on Tuesday, September 8th. Finally, Wall Street Zen raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Sunday, September 20th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $637.56.

Lockheed Martin Stock Down 1.0%

The firm has a market cap of $118.34 billion, a PE ratio of 18.90, a PEG ratio of 1.13 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. The stock has a fifty day moving average price of $557.76 and a 200-day moving average price of $554.98.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $19.34 billion. During the same quarter in the prior year, the business earned $1.46 earnings per share. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Research analysts expect that Lockheed Martin Corporation will post 30.44 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st were given a $3.45 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. Lockheed Martin’s dividend payout ratio is presently 50.87%.

Institutional Investors Weigh In On Lockheed Martin

Several hedge funds have recently modified their holdings of LMT. Basso Capital Management L.P. purchased a new position in shares of Lockheed Martin in the fourth quarter valued at $25,000. Burnham & Co LLC purchased a new stake in shares of Lockheed Martin during the second quarter worth about $25,000. Clarity Asset Management Inc. purchased a new stake in shares of Lockheed Martin during the fourth quarter worth about $26,000. Field & Main Bank acquired a new position in shares of Lockheed Martin in the second quarter worth about $26,000. Finally, Bard Associates Inc. acquired a new position in shares of Lockheed Martin in the fourth quarter worth about $27,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Company Profile

Lockheed Martin Corporation is a global aerospace, defense and technology company headquartered in Bethesda, Maryland. The company develops and produces advanced systems for government and commercial customers, with the U.S. Department of Defense and other U.S. government agencies representing its primary customers.

Its principal activities include the design and manufacture of military aircraft, missiles, air and missile defense systems, radar and sensor technologies, naval and rotary-wing systems, satellites, space exploration systems, and cybersecurity and information technology solutions.