Lockheed Martin (NYSE:LMT) Trading Up 1% – Time to Buy?

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LMT. Citigroup lifted their price target on Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Morgan Stanley raised their price objective on Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. UBS Group upgraded shares of Lockheed Martin from a “neutral” rating to a “buy” rating and increased their target price for the company from $581.00 to $674.00 in a report on Tuesday, September 8th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Lockheed Martin in a research report on Friday, May 29th. Finally, Weiss Ratings upgraded Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and an average target price of $637.56.

Lockheed Martin Price Performance

The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34. The business’s fifty day moving average is $555.74 and its 200 day moving average is $563.43. The company has a market cap of $123.07 billion, a P/E ratio of 19.66, a PEG ratio of 1.15 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating the consensus estimate of $7.22 by $0.72. The business had revenue of $20.06 billion for 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%. The company’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior 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, sell-side analysts anticipate that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Dividend Announcement

The business 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 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 currently 50.87%.

Institutional Trading of Lockheed Martin

Institutional investors and hedge funds have recently bought and sold shares of the company. U S Wealth Group LLC. grew its position in shares of Lockheed Martin by 14.8% during the 2nd quarter. U S Wealth Group LLC. now owns 7,555 shares of the aerospace company’s stock valued at $3,849,000 after purchasing an additional 973 shares in the last quarter. Junto Capital Management LP grew its position in Lockheed Martin by 17.7% during the second quarter. Junto Capital Management LP now owns 88,117 shares of the aerospace company’s stock worth $44,892,000 after buying an additional 13,255 shares in the last quarter. Miramontes Capital LLC raised its holdings in shares of Lockheed Martin by 5.4% in the 2nd quarter. Miramontes Capital LLC now owns 3,486 shares of the aerospace company’s stock valued at $1,776,000 after acquiring an additional 178 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Lockheed Martin by 6.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 22,606 shares of the aerospace company’s stock valued at $11,517,000 after acquiring an additional 1,465 shares during the last quarter. Finally, National Pension Service grew its holdings in shares of Lockheed Martin by 2.5% during the second quarter. National Pension Service now owns 650,340 shares of the aerospace company’s stock worth $331,322,000 after purchasing an additional 15,807 shares in the last quarter. 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.