Lockheed Martin (NYSE:LMT) Trading 1% Higher – Should You Buy?

Lockheed Martin Corporation (NYSE:LMT)’s share price was up 1% during trading on Monday . The stock traded as high as $532.34 and last traded at $529.6110. Approximately 967,515 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 1,477,995 shares. The stock had previously closed at $524.19.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Wells Fargo & Company set a $600.00 target price on Lockheed Martin in a research report on Monday, July 27th. TD Cowen lowered their price target 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. Citigroup raised their price objective on Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Robert W. Baird set a $700.00 price objective on shares of Lockheed Martin in a report on Friday, July 24th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Lockheed Martin in a report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $637.56.

Lockheed Martin Price Performance

The firm has a 50 day moving average price of $555.94 and a two-hundred day moving average price of $565.19. The company has a market cap of $122.23 billion, a P/E ratio of 19.52, a P/E/G ratio of 1.14 and a beta of 0.10. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.22 by $0.72. The business had revenue of $20.06 billion for the quarter, compared to analysts’ expectations of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, analysts predict that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently declared 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 2.6%. Lockheed Martin’s payout ratio is 50.87%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. IAG Wealth Partners LLC boosted its holdings in shares of Lockheed Martin by 4,800.0% in the first quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 48 shares during the period. Burnham & Co LLC bought a new stake in shares of Lockheed Martin during the 2nd quarter valued at $25,000. Basso Capital Management L.P. bought a new stake in shares of Lockheed Martin during the 4th quarter valued at $25,000. Field & Main Bank purchased a new stake in Lockheed Martin during the 2nd quarter worth about $26,000. Finally, Clarity Asset Management Inc. purchased a new stake in Lockheed Martin during the 4th quarter worth about $26,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Company Profile

Lockheed Martin Corporation is a global aerospace, defense and technology company that develops and produces systems for government and commercial customers, with the U.S. Department of Defense serving as its largest customer. Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

The company’s products and services include military aircraft such as the F-35 Lightning II, F-16 and C-130; air and missile defense systems; precision weapons; helicopters and maritime systems; radar, sensors and command-and-control technologies; satellites; space exploration systems; and missile-warning and strategic defense capabilities.

Lockheed Martin was created in 1995 through the merger of Lockheed Corporation and Martin Marietta.