Lockheed Martin (NYSE:LMT) Stock Moved Up to Hold by Barclays

Barclays upgraded shares of Lockheed Martin (NYSE:LMT) to a hold rating in a research note issued to investors on Friday morning,Zacks reports.

Several other analysts also recently commented on LMT. Robert W. Baird set a $700.00 target price on shares of Lockheed Martin in a report on Friday, July 24th. UBS Group raised shares of Lockheed Martin from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $581.00 to $674.00 in a research report on Tuesday, September 8th. TD Cowen dropped their price objective on shares of Lockheed Martin from $600.00 to $570.00 and set a “hold” rating on the stock in a report on Friday. Morgan Stanley boosted their price objective on shares of Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. Finally, Weiss Ratings raised Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Lockheed Martin presently has an average rating of “Hold” and a consensus price target of $634.50.

Lockheed Martin Price Performance

Shares of LMT stock opened at $509.74 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34. Lockheed Martin has a 12-month low of $437.25 and a 12-month high of $692.00. The firm has a fifty day moving average of $547.87 and a 200-day moving average of $547.13. The firm has a market capitalization of $117.64 billion, a price-to-earnings ratio of 18.79, a price-to-earnings-growth ratio of 1.10 and a beta of 0.09.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, topping the consensus estimate of $7.22 by $0.72. The firm had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, equities research analysts forecast that Lockheed Martin will post 30.44 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Tuesday, September 1st were issued a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.7%. The ex-dividend date was Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is presently 50.87%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Basso Capital Management L.P. bought a new stake in Lockheed Martin in the fourth quarter valued at approximately $25,000. Burnham & Co LLC bought a new position in shares of Lockheed Martin in the second quarter valued at about $25,000. Clarity Asset Management Inc. bought a new stake in shares of Lockheed Martin during the 4th quarter worth about $26,000. Field & Main Bank bought a new position in Lockheed Martin in the 2nd quarter valued at about $26,000. Finally, Bard Associates Inc. bought a new stake in shares of Lockheed Martin during the fourth quarter worth approximately $27,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

More Lockheed Martin News

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

• Positive Sentiment: Lockheed Martin won its first S-70i Black Hawk training contract from the Philippines. The award expands the company’s defense-training business and could create additional international revenue opportunities. Can Lockheed Martin’s Training Solutions Expand Its Defense Business?
• Positive Sentiment: Investors continue to focus on Lockheed’s record backlog, stronger missile demand and the Pentagon framework supporting the AIM-260 Joint Advanced Tactical Missile. Faster production and deliveries could provide multiyear revenue visibility. Can Lockheed Martin’s AIM-260 Missile Deliver Multiyear Growth?
• Positive Sentiment: Several analyses characterize LMT as undervalued after its recent decline, citing a forward-looking defense backlog, raised full-year outlook and a valuation below its recent historical average. UBS also published a $674 price target, while Rothschild & Co. initiated coverage with a Buy rating. Is The Market Underpricing Lockheed Martin Stock?
• Positive Sentiment: Lockheed announced the first flight of Morocco’s first F-16 Block 72, supporting the company’s international fighter-aircraft franchise and potential follow-on demand. Lockheed Martin Announces First Flight of Morocco’s First F-16 Block 72

About Lockheed Martin

Lockheed Martin Corporation is a global aerospace, defense and technology company headquartered in Bethesda, Maryland. The company develops and produces advanced systems for government and commercial customers, with the U.S. Department of Defense and other U.S. government agencies representing its primary customers.

Its principal activities include the design and manufacture of military aircraft, missiles, air and missile defense systems, radar and sensor technologies, naval and rotary-wing systems, satellites, space exploration systems, and cybersecurity and information technology solutions.