Lockheed Martin (NYSE:LMT) Stock Price Up 1.7% After Dividend Announcement

Lockheed Martin Corporation (NYSE:LMT) rose 1.7% on Tuesday following a dividend announcement from the company. The company traded as high as $522.51 and last traded at $521.1010. Approximately 1,138,186 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 1,745,977 shares. The stock had previously closed at $512.25.

The newly announced dividend which will be paid on Friday, June 26th. Shareholders of record on Monday, June 1st will be paid a $3.45 dividend. The ex-dividend date is Monday, June 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.7%. Lockheed Martin’s payout ratio is 66.83%.

Analysts Set New Price Targets

Several brokerages have weighed in on LMT. Weiss Ratings lowered Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. DZ Bank raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. TD Cowen dropped their price objective on Lockheed Martin from $670.00 to $600.00 and set a “hold” rating on the stock in a report on Friday, April 24th. Morgan Stanley cut their price objective on shares of Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating on the stock in a research report on Friday, April 24th. Finally, Sanford C. Bernstein boosted their target price on shares of Lockheed Martin from $654.00 to $661.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $628.63.

Lockheed Martin Stock 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 company has a market cap of $119.90 billion, a P/E ratio of 25.18, a P/E/G ratio of 0.94 and a beta of 0.10. The firm has a 50 day moving average price of $593.84 and a 200-day moving average price of $554.95.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). The company had revenue of $18.02 billion during the quarter, compared to the consensus estimate 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 was up .3% on a year-over-year basis. During the same period in the previous year, the business posted $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, research analysts predict that Lockheed Martin Corporation will post 29.88 EPS for the current year.

Institutional Investors Weigh In On Lockheed Martin

Hedge funds have recently bought and sold shares of the company. Basso Capital Management L.P. acquired a new stake in Lockheed Martin in the 4th quarter valued at approximately $25,000. United Financial Planning Group LLC bought a new position in Lockheed Martin during the third quarter worth $25,000. Clarity Asset Management Inc. acquired a new position in Lockheed Martin during the 4th quarter valued at $26,000. Triumph Capital Management boosted its holdings in Lockheed Martin by 66.7% in the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 22 shares during the period. Finally, Grey Fox Wealth Advisors LLC acquired a new stake in Lockheed Martin in the 3rd quarter worth $27,000. 74.19% of the stock is currently owned by 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.