Lockheed Martin (NYSE:LMT) Trading Down 1.6% – Here’s What Happened

Shares of Lockheed Martin Corporation (NYSE:LMT) dropped 1.6% during mid-day trading on Friday . The stock traded as low as $524.03 and last traded at $524.58. Approximately 942,102 shares changed hands during trading, a decline of 37% from the average session volume of 1,484,133 shares. The stock had previously closed at $532.95.

Wall Street Analyst Weigh In

A number of analysts have weighed in on LMT shares. Wells Fargo & Company set a $600.00 target price on Lockheed Martin in a report on Monday, July 27th. Wall Street Zen raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 29th. Jefferies Financial Group restated a “hold” rating on shares of Lockheed Martin in a research note on Wednesday. Citigroup lifted their target price on Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Finally, Weiss Ratings upgraded shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $632.39.

Lockheed Martin Stock Performance

The firm has a fifty day moving average price of $555.22 and a 200 day moving average price of $570.63. 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 has a market cap of $121.07 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 1.16 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 the consensus estimate of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The firm had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. During the same period in the previous year, the business earned $1.46 EPS. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Research analysts forecast that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $3.45 per share. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.6%. Lockheed Martin’s dividend payout ratio is 50.87%.

Institutional Trading of Lockheed Martin

Large investors have recently bought and sold shares of the stock. IAG Wealth Partners LLC lifted its stake in shares of Lockheed Martin by 4,800.0% during the first quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company’s stock worth $30,000 after buying an additional 48 shares during the period. Burnham & Co LLC acquired a new position in shares of Lockheed Martin in the 2nd quarter valued at $25,000. United Financial Planning Group LLC purchased a new position in Lockheed Martin in the 3rd quarter worth $25,000. Basso Capital Management L.P. purchased a new position in Lockheed Martin in the 4th quarter worth $25,000. Finally, Field & Main Bank acquired a new stake in Lockheed Martin during the 2nd quarter worth about $26,000. Hedge funds and other 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.