Lockheed Martin Corporation (NYSE:LMT) Stock Has Average Price Target of $627.10

Shares of Lockheed Martin Corporation (NYSE:LMT) have earned a consensus recommendation of “Moderate Buy” from the twenty-two analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $634.24.

A number of brokerages recently commented on LMT. Vertical Research raised Lockheed Martin from a “hold” rating to a “buy” rating and set a $600.00 price target for the company in a report on Wednesday, October 14th. Wall Street Zen lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 17th. UBS Group lifted their price objective on Lockheed Martin from $653.00 to $692.00 and gave the stock a “buy” rating in a report on Friday. Rothschild & Co Redburn assumed coverage on Lockheed Martin in a report on Tuesday, October 6th. They set a “buy” rating and a $650.00 price objective on the stock. Finally, Citigroup upped their target price on Lockheed Martin from $691.00 to $706.00 and gave the company a “buy” rating in a research report on Friday.

Lockheed Martin Stock Performance

NYSE:LMT opened at $604.87 on Wednesday. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.26 and a quick ratio of 1.10. The firm has a 50-day moving average of $538.52 and a two-hundred day moving average of $541.63. The stock has a market cap of $139.73 billion, a P/E ratio of 21.49, a PEG ratio of 1.29 and a beta of 0.09. Lockheed Martin has a 1-year low of $437.25 and a 1-year high of $692.00.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Thursday, October 22nd. The aerospace company reported $7.97 earnings per share for the quarter, beating the consensus estimate of $7.52 by $0.45. Lockheed Martin had a return on equity of 83.41% and a net margin of 8.23%. The company had revenue of $20.71 billion during the quarter, compared to the consensus estimate of $20.48 billion. During the same period last year, the firm earned $6.95 earnings per share. The company’s revenue was up 11.3% on a year-over-year basis. On average, research analysts expect that Lockheed Martin will post 30.51 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 1st will be paid a $3.60 dividend. The ex-dividend date is Tuesday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.45. This represents a $14.40 dividend on an annualized basis and a yield of 2.4%. Lockheed Martin’s dividend payout ratio (DPR) is 49.02%.

Hedge Funds Weigh In On Lockheed Martin

Hedge funds and other institutional investors have recently modified their holdings of the company. Stonebridge Financial Group LLC MO grew its stake in Lockheed Martin by 2.8% during the first quarter. Stonebridge Financial Group LLC MO now owns 658 shares of the aerospace company’s stock worth $397,000 after purchasing an additional 18 shares during the period. Rooted Wealth Advisors Inc. increased its holdings in Lockheed Martin by 1.8% in the first quarter. Rooted Wealth Advisors Inc. now owns 1,036 shares of the aerospace company’s stock worth $602,000 after purchasing an additional 18 shares in the last quarter. Beacon Capital Management LLC increased its holdings in Lockheed Martin by 4.5% in the second quarter. Beacon Capital Management LLC now owns 442 shares of the aerospace company’s stock worth $225,000 after purchasing an additional 19 shares in the last quarter. YANKCOM Partnership lifted its stake in Lockheed Martin by 0.7% in the third quarter. YANKCOM Partnership now owns 2,575 shares of the aerospace company’s stock valued at $1,311,000 after buying an additional 19 shares during the period. Finally, Capital Square LLC lifted its stake in Lockheed Martin by 1.1% in the third quarter. Capital Square LLC now owns 1,793 shares of the aerospace company’s stock valued at $913,000 after buying an additional 19 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Key Stories Impacting Lockheed Martin

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

• Positive Sentiment: Q3 beat and raised outlook: Lockheed reported adjusted EPS of $7.97 versus the $7.52 consensus, while revenue rose 11.3% year over year to $20.71 billion. Management now expects 2026 sales of $80 billion-$82 billion and EPS of $30.35-$30.75. Lockheed Martin Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Record backlog supports future revenue: Total backlog reached approximately $292 billion, up sharply from the prior quarter, with much of the increase coming from PAC-3 and THAAD missile-defense orders. Missiles and Fire Control sales grew 24% as production accelerated, strengthening visibility into long-term growth. Lockheed Martin’s Record $292 Billion Backlog Comes With a Delivery Test
• Positive Sentiment: Long-term F-35 commitment: The Pentagon and Lockheed announced an initial framework for producing 850 F-35 aircraft over 10 years. The agreement provides greater production visibility and could improve supply-chain efficiency, although Lockheed will invest about $7 billion in supporting projects. Pentagon, Lockheed announce agreement for 850 F-35 jets
• Positive Sentiment: Cash flow and shareholder returns: Lockheed raised its 2026 free-cash-flow outlook to roughly $7.8 billion-$8.0 billion and recently increased its quarterly dividend 4.4% to $3.60 per share. Lockheed Martin, Interactive Brokers, AEP Hike Dividends on Strong Growth
• Neutral Sentiment: Industry forecasts point to strong growth in defense electronics and land-based C4ISR, potentially expanding Lockheed Martin’s addressable market, but these reports are third-party projections rather than new company contracts.
• Negative Sentiment: Execution and funding risks remain: The backlog must be converted into deliveries and cash. F-35 deliveries fell year over year, and Lockheed said spending on the Lot 20 advance contract has exceeded currently authorized funding. Higher contract assets and supply-chain constraints could also delay cash collection or pressure margins. Lockheed is spending its own money before Washington signs off

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.