Lockheed Martin (NYSE:LMT) Stock Gets Price Target Reduction from Royal Bank Of Canada

Lockheed Martin (NYSE:LMT) had its price objective decreased by Royal Bank Of Canada from $600.00 to $550.00 in a research note published on Thursday morning,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the aerospace company’s stock.

Several other brokerages have also issued reports on LMT. Sanford C. Bernstein dropped their target price on shares of Lockheed Martin from $629.00 to $564.00 and set a “market perform” rating for the company in a research report on Wednesday. Jefferies Financial Group reissued a “hold” rating on shares of Lockheed Martin in a research note on Wednesday, September 2nd. Wells Fargo & Company set a $600.00 target price on Lockheed Martin in a research note on Monday, July 27th. Weiss Ratings raised shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 9th. Finally, Robert W. Baird set a $700.00 target price on Lockheed Martin in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $627.10.

Lockheed Martin Stock Performance

NYSE LMT opened at $551.96 on Thursday. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. The firm has a market cap of $127.39 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 1.20 and a beta of 0.09. Lockheed Martin has a 1 year low of $437.25 and a 1 year high of $692.00. The company has a fifty day moving average price of $541.90 and a 200-day moving average price of $543.85.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%. The firm had revenue of $20.06 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same period last year, the firm posted $1.46 EPS. The business’s 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. As a group, equities research analysts predict that Lockheed Martin will post 30.44 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 1st will be given a $3.60 dividend. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.45. This represents a $14.40 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Tuesday, December 1st. Lockheed Martin’s dividend payout ratio (DPR) is presently 53.08%.

Hedge Funds Weigh In On Lockheed Martin

Several hedge funds have recently added to or reduced their stakes in LMT. BlackRock Inc. acquired a new position in shares of Lockheed Martin during the 2nd quarter worth about $9,617,574,000. Corient Private Wealth LP acquired a new position in Lockheed Martin in the 2nd quarter valued at about $101,960,000. Bank of New York Mellon Corp acquired a new position in Lockheed Martin in the 2nd quarter valued at about $645,258,000. Legal & General Group Plc purchased a new stake in shares of Lockheed Martin in the 2nd quarter valued at approximately $497,469,000. Finally, Diamant Asset Management Inc. grew its stake in shares of Lockheed Martin by 60,339.0% in the 1st quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company’s stock valued at $531,493,000 after buying an additional 877,932 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin News Roundup

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

• Positive Sentiment: UBS reiterated its bullish view and said Lockheed’s missile sales could grow roughly 20% annually for years. The highly profitable Missiles and Fire Control division could drive earnings growth faster than revenue, supporting the stock’s recent momentum. Why Lockheed Martin Stock Keeps Going Up
• Positive Sentiment: Lockheed announced a $300 million Texas investment and plans to add approximately 6,000 U.S. jobs, expanding advanced-munitions capacity. PAC-3 MSE production is targeted to rise from about 600 units annually to at least 2,000 over time, improving the company’s ability to capture sustained missile-defense demand. Lockheed Martin Supercharges US Missile Production With $300 Million Texas Investment
• Positive Sentiment: The company raised its quarterly dividend 4.3% to $3.60 per share, extending its dividend-growth streak to 24 years. The increase reinforces Lockheed’s appeal to income-focused investors. This Defense Stock Just Raised Its Dividend by 4.3%
• Positive Sentiment: Lockheed delivered a C-130J-30 aircraft to the U.S. Navy for the future E-130J Phoenix II TACAMO mission, highlighting continued demand for its strategic-airlift and command-and-control platforms. U.S. Navy Receives C-130J-30 Super Hercules
• Neutral Sentiment: Analysts expect third-quarter earnings to grow about 7.6%, with missile-defense demand and production increases supporting revenue. Investors are watching the October 22 report for evidence that recent investments are translating into cash flow and profit growth.
• Neutral Sentiment: Potential changes to Norway’s sovereign wealth fund rules could eventually allow investment in Lockheed, which is currently excluded because of its nuclear-weapons involvement. Any benefit remains speculative and depends on the policy change.
• Negative Sentiment: RBC lowered its price target from $600 to $550 and maintained a “sector perform” rating, signaling limited near-term upside at current valuation. RBC Lowers Lockheed Martin Price Target
• Negative Sentiment: Investors continue to weigh Lockheed’s elevated debt, execution risks on fixed-price programs and the possibility of future contract charges. Bernstein also maintained a hold rating.

About Lockheed Martin

Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers.

Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.

Lockheed Martin serves the U.S.