Lockheed Martin (NYSE:LMT) Stock Price Down 4.9% – Should You Sell?

Shares of Lockheed Martin Corporation (NYSE:LMT) were down 4.9% on Wednesday . The company traded as low as $496.00 and last traded at $496.5890. Approximately 3,849,389 shares changed hands during trading, an increase of 59% from the average daily volume of 2,427,240 shares. The stock had previously closed at $522.04.

Lockheed Martin News Roundup

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

• Positive Sentiment: Large proposed defense budget: President Trump’s proposal to raise U.S. military spending toward $1.5 trillion has pushed defense names higher and is the primary near‑term driver supporting LMT’s rally. A $1.5 Trillion Reason to Buy Lockheed Martin Stock in 2026
• Positive Sentiment: Operational momentum: Lockheed reported a record 191 F‑35 deliveries in 2025, reinforcing production scale and contract leverage that investors reward in a higher‑budget scenario. Lockheed says 2025 F-35 deliveries hit 191 as demand lifts production pace
• Positive Sentiment: Analyst upgrade / attractive risk/reward: Truist upgraded LMT, saying the risk/reward looks more attractive after 2025 weakness — a catalyst for buyers seeking exposure to a higher‑spend backdrop. After a Tough 2025, Lockheed Martin Stock Can Have a Better 2026
• Positive Sentiment: Upgraded estimates: Several Zacks analyst notes raised near‑term EPS estimates for 2026/2027, supporting an earnings outlook that justifies premium defense multiples if budgets rise. Lockheed Martin (LMT Stock) Climbs On Trump’s Defense Budget Comments: These Congress Members Could Profit
• Neutral Sentiment: Short‑term price action/volume: Coverage notes the stock moved on heavy volume and that recent earnings‑estimate revisions are mixed; technical momentum may continue but could be choppy. Lockheed (LMT) Surges 4.3%: Is This an Indication of Further Gains?
• Negative Sentiment: Regulatory/policy risk — buybacks & dividends: An executive order and social‑media posts from the president targeting buybacks/dividends for defense contractors caused sharp volatility and could pressure shareholder returns going forward. Trump signs order to block defense companies from buying back stock until arms production improves
• Negative Sentiment: Sentiment whipsaw from presidential comments: Markets reacted to posts about restricting buybacks/dividends, briefly hitting shares before the budget news reversed some losses — political headlines remain a wild card. Lockheed Martin, Northrop Grumman Shares Hit by Trump Post on Share Buybacks

Analyst Upgrades and Downgrades

LMT has been the topic of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Lockheed Martin in a report on Wednesday, October 8th. UBS Group restated a “neutral” rating on shares of Lockheed Martin in a research note on Wednesday. Truist Financial set a $605.00 price objective on shares of Lockheed Martin and gave the stock a “buy” rating in a research note on Friday. Susquehanna lifted their price target on shares of Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a research report on Thursday, October 9th. Finally, The Goldman Sachs Group increased their price target on Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a research report on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $512.35.

Lockheed Martin Trading Up 4.7%

The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32. The firm has a 50-day moving average of $473.83 and a two-hundred day moving average of $468.01. The firm has a market capitalization of $125.62 billion, a P/E ratio of 30.31, a P/E/G ratio of 1.48 and a beta of 0.24.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, topping analysts’ consensus estimates of $6.33 by $0.62. The firm had revenue of $18.61 billion during the quarter, compared to analysts’ expectations of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.84 earnings per share. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Insider Buying and Selling at Lockheed Martin

In related news, COO John Frank A. St sold 7,792 shares of the business’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the sale, the chief operating officer owned 1 shares in the company, valued at $491.04. The trade was a 99.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.14% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lockheed Martin

Hedge funds have recently added to or reduced their stakes in the business. United Financial Planning Group LLC acquired a new position in shares of Lockheed Martin during the third quarter worth $25,000. Barnes Dennig Private Wealth Management LLC lifted its holdings in Lockheed Martin by 285.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock worth $27,000 after buying an additional 40 shares during the period. Grey Fox Wealth Advisors LLC bought a new stake in Lockheed Martin in the third quarter valued at approximately $27,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Lockheed Martin during the 2nd quarter valued at approximately $28,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Lockheed Martin in the 2nd quarter worth approximately $29,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

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.