Lockheed Martin (NYSE:LMT) Shares Down 1.2% – What’s Next?

Lockheed Martin Corporation (NYSE:LMT) shares dropped 1.2% on Friday . The company traded as low as $563.07 and last traded at $564.61. Approximately 1,098,869 shares changed hands during trading, a decline of 27% from the average daily volume of 1,514,419 shares. The stock had previously closed at $571.48.

Wall Street Analysts Forecast Growth

LMT has been the subject of several recent research reports. Wall Street Zen cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. Citigroup lifted their price target on shares of Lockheed Martin from $641.00 to $691.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Sanford C. Bernstein reissued a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. Weiss Ratings upgraded Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Finally, TD Cowen lowered their target price on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $632.39.

Lockheed Martin Stock Performance

The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. The stock’s 50 day moving average price is $547.80 and its 200 day moving average price is $575.73. The company has a market capitalization of $130.31 billion, a P/E ratio of 20.81, a price-to-earnings-growth ratio of 0.97 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, topping analysts’ consensus estimates of $7.22 by $0.72. The business had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. Lockheed Martin’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, equities analysts expect that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be given a $3.45 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.4%. Lockheed Martin’s dividend payout ratio (DPR) is 50.87%.

Institutional Investors Weigh In On Lockheed Martin

Institutional investors and hedge funds have recently made changes to their positions in the business. Angeles Wealth Management LLC grew its stake in Lockheed Martin by 8.9% during the second quarter. Angeles Wealth Management LLC now owns 2,272 shares of the aerospace company’s stock worth $1,157,000 after purchasing an additional 186 shares during the period. Azimuth Capital Investment Management LLC increased its holdings in Lockheed Martin by 1.8% in the second quarter. Azimuth Capital Investment Management LLC now owns 17,114 shares of the aerospace company’s stock worth $8,719,000 after purchasing an additional 297 shares in the last quarter. Kaydan Wealth Management Inc. lifted its stake in Lockheed Martin by 3.9% in the second quarter. Kaydan Wealth Management Inc. now owns 685 shares of the aerospace company’s stock valued at $349,000 after buying an additional 26 shares during the period. Advisory Solutions Group LLC acquired a new position in Lockheed Martin in the second quarter valued at approximately $312,000. Finally, XP Advisory US Inc. acquired a new position in Lockheed Martin in the second quarter valued at approximately $79,000. Institutional investors own 74.19% of the company’s stock.

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.