Lockheed Martin (NYSE:LMT) Stock Price Up 2.4% – Still a Buy?

Lockheed Martin Corporation (NYSE:LMT) shares rose 2.4% during mid-day trading on Wednesday . The company traded as high as $524.24 and last traded at $521.4670. 1,276,090 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 1,629,486 shares. The stock had previously closed at $509.46.

Key Headlines Impacting Lockheed Martin

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

• Positive Sentiment: Lockheed Martin won roughly $38 billion in defense work, including a $35.5 billion THAAD missile defense contract and a $2.9 billion radar contract, while Citi raised its rating to Buy with a $582 price target. Article Title
• Positive Sentiment: The company also won a $3 billion U.S. Army radar production contract, adding to the view that demand for Lockheed Martin’s air and missile defense systems remains strong. Article Title
• Positive Sentiment: Lockheed Martin and a Finnish partner set up a missile sustainment center in Finland, reinforcing its international footprint and recurring support revenue potential. Article Title
• Neutral Sentiment: Lockheed Martin announced it will webcast its second-quarter 2026 earnings call on July 23, keeping investors focused on upcoming results and guidance rather than providing new operational details today. Article Title
• Neutral Sentiment: UBS lowered its price target on Lockheed Martin to $538 from $683, which is a negative sentiment signal but still implies upside from recent trading levels. Article Title
• Negative Sentiment: One article highlighted a possible stock buyback ban for defense contractors, which could be a headwind for shareholder returns if proposals like that gain traction. Article Title

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LMT. JPMorgan Chase & Co. decreased their price objective on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Lockheed Martin in a report on Friday, May 29th. UBS Group reduced their price target on shares of Lockheed Martin from $683.00 to $538.00 in a research report on Tuesday. BNP Paribas Exane decreased their price target on Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. Finally, DZ Bank upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Lockheed Martin presently has an average rating of “Hold” and an average price target of $613.63.

Lockheed Martin Price Performance

The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.94 and a current ratio of 1.14. The stock has a market capitalization of $120.23 billion, a PE ratio of 25.25, a P/E/G ratio of 0.91 and a beta of 0.10. The company’s fifty day simple moving average is $522.43 and its two-hundred day simple moving average is $568.01.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results 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). The business had revenue of $18.02 billion during the quarter, compared to analysts’ expectations of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the company earned $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. As a group, sell-side analysts predict that Lockheed Martin Corporation will post 29.88 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 1st were paid a $3.45 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.6%. Lockheed Martin’s dividend payout ratio is presently 66.83%.

Institutional Trading of Lockheed Martin

Several institutional investors and hedge funds have recently made changes to their positions in LMT. IAG Wealth Partners LLC raised its stake in Lockheed Martin by 4,800.0% in the 1st quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 48 shares during the last quarter. United Financial Planning Group LLC acquired a new stake in shares of Lockheed Martin during the 3rd quarter worth about $25,000. Basso Capital Management L.P. purchased a new stake in shares of Lockheed Martin during the fourth quarter worth about $25,000. Clarity Asset Management Inc. acquired a new position in shares of Lockheed Martin in the fourth quarter valued at approximately $26,000. Finally, TD Capital Management LLC raised its position in shares of Lockheed Martin by 450.0% in the fourth quarter. TD Capital Management LLC now owns 55 shares of the aerospace company’s stock valued at $27,000 after buying an additional 45 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

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.