Lockheed Martin Corporation (NYSE:LMT) Stock Has Consensus Target Price of $637.56

Shares of Lockheed Martin Corporation (NYSE:LMT) have been assigned a consensus rating of “Hold” from the nineteen analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $637.56.

A number of equities analysts recently commented on the stock. Robert W. Baird set a $700.00 price objective on shares of Lockheed Martin in a research note on Friday, July 24th. Royal Bank Of Canada boosted their target price on shares of Lockheed Martin from $575.00 to $600.00 and gave the company a “sector perform” rating in a research note on Friday, July 24th. Wells Fargo & Company set a $600.00 target price on Lockheed Martin in a report on Monday, July 27th. Morgan Stanley raised their target price on Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a research 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.

Lockheed Martin Price Performance

LMT stock opened at $517.78 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34. Lockheed Martin has a one year low of $437.25 and a one year high of $692.00. The firm has a market capitalization of $119.50 billion, a PE ratio of 19.08, a P/E/G ratio of 1.13 and a beta of 0.10. The firm has a 50-day moving average of $557.76 and a two-hundred day moving average of $554.98.

Lockheed Martin (NYSE:LMT) last released 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 net margin of 8.16% and a return on equity of 91.42%. The business had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. During the same period last year, the firm posted $1.46 earnings per share. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, analysts forecast that Lockheed Martin will post 30.44 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Tuesday, September 1st were paid a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is currently 50.87%.

Hedge Funds Weigh In On Lockheed Martin

Large investors have recently made changes to their positions in the business. SG Americas Securities LLC boosted its holdings in shares of Lockheed Martin by 5.4% in the 1st quarter. SG Americas Securities LLC now owns 276,383 shares of the aerospace company’s stock worth $167,043,000 after acquiring an additional 14,150 shares in the last quarter. Norris Financial Group LLC acquired a new stake in Lockheed Martin during the 1st quarter valued at $2,321,000. Legal Advantage Investments Inc. bought a new position in Lockheed Martin in the 1st quarter valued at $1,451,000. Deutsche Bank AG raised its position in Lockheed Martin by 7.4% in the 4th quarter. Deutsche Bank AG now owns 1,440,840 shares of the aerospace company’s stock valued at $696,891,000 after purchasing an additional 99,403 shares during the last quarter. Finally, Talon Private Wealth LLC acquired a new position in Lockheed Martin in the first quarter worth $3,743,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Company Profile

Lockheed Martin Corporation is a global aerospace, defense and technology company headquartered in Bethesda, Maryland. The company develops and produces advanced systems for government and commercial customers, with the U.S. Department of Defense and other U.S. government agencies representing its primary customers.

Its principal activities include the design and manufacture of military aircraft, missiles, air and missile defense systems, radar and sensor technologies, naval and rotary-wing systems, satellites, space exploration systems, and cybersecurity and information technology solutions.