Lockheed Martin (NYSE:LMT) Stock Price Up 2.1% – Still a Buy?

Shares of Lockheed Martin Corporation (NYSE:LMT) rose 2.1% on Friday . The stock traded as high as $534.27 and last traded at $533.5660. Approximately 1,047,852 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 1,697,321 shares. The stock had previously closed at $522.79.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Morgan Stanley reduced their target price on shares of Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating for the company in a report on Friday, April 24th. Truist Financial boosted their target price on shares of Lockheed Martin from $605.00 to $695.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Argus boosted their target price on shares of Lockheed Martin from $530.00 to $735.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Bank of America reduced their target price on shares of Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $620.68.

Lockheed Martin Stock Performance

The company has a debt-to-equity ratio of 2.74, a current ratio of 1.14 and a quick ratio of 0.94. The firm has a market cap of $123.02 billion, a price-to-earnings ratio of 25.84, a P/E/G ratio of 0.95 and a beta of 0.10. The firm has a fifty day simple moving average of $580.03 and a two-hundred day simple moving average of $556.19.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.79 by ($0.35). Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The company had revenue of $18.02 billion for the quarter, compared to analyst estimates of $18.38 billion. During the same quarter last year, the company earned $7.28 EPS. The business’s revenue was up .3% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, analysts expect that Lockheed Martin Corporation will post 29.88 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 1st will be issued a dividend of $3.45 per share. The ex-dividend date is Monday, June 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.6%. Lockheed Martin’s dividend payout ratio is 66.83%.

Hedge Funds Weigh In On Lockheed Martin

Several hedge funds have recently modified their holdings of the stock. WNY Asset Management LLC acquired a new position in shares of Lockheed Martin during the first quarter valued at about $538,000. Argent Capital Management LLC increased its holdings in shares of Lockheed Martin by 4,555.7% during the first quarter. Argent Capital Management LLC now owns 21,416 shares of the aerospace company’s stock valued at $12,944,000 after acquiring an additional 20,956 shares in the last quarter. Essential Partners LLC increased its holdings in Lockheed Martin by 15.4% in the 1st quarter. Essential Partners LLC now owns 658 shares of the aerospace company’s stock worth $398,000 after buying an additional 88 shares during the period. Cadia Private Client LLC purchased a new position in Lockheed Martin during the 1st quarter worth approximately $229,000. Finally, Norris Financial Group LLC purchased a new position in Lockheed Martin during the 1st quarter worth approximately $2,321,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Company Profile

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.