Lockheed Martin (NYSE:LMT) Trading Down 1.4% – Here’s Why

Shares of Lockheed Martin Corporation (NYSE:LMT) were down 1.4% on Wednesday . The stock traded as low as $525.35 and last traded at $527.6460. Approximately 926,373 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 1,610,668 shares. The stock had previously closed at $535.38.

Key Headlines Impacting Lockheed Martin

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: Lockheed Martin won two U.S. defense contracts worth more than $607 million, adding to the company’s already large backlog and reinforcing its near-term revenue visibility. Lockheed Martin wins two U.S. defense contracts worth over $607M
• Positive Sentiment: Lockheed Martin and Rheinmetall signed an agreement to move forward with ATACMS co-production in Europe, which expands Lockheed’s international manufacturing footprint and could open additional long-term missile demand. Lockheed Martin, Rheinmetall to jointly produce ATACMS missiles in Germany
• Positive Sentiment: NATO summit coverage highlighted billions in defense deals and Europe’s push to accelerate PAC-3 sustainment and munitions production, a trend that could benefit Lockheed Martin’s missile business and European orders. Lockheed Martin and NATO Allies Accelerate PAC-3 Sustainment Across Europe
• Neutral Sentiment: Commentary around Lockheed’s recent pullback notes that the stock has lagged peers over the past month, but also points to its expanding backlog as a potential reason investors may see the decline as a buying opportunity. LMT Stock Lags Industry in a Month: Is the Pullback an Opportunity?
• Neutral Sentiment: Reports that Lockheed’s Sikorsky unit may fund a new White House helipad are more of a headline curiosity than a material earnings driver for the stock. Trump Wants a ‘Beauty’: Lockheed Martin’s Sikorsky to Fund New $6 Million White House Helipad

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Susquehanna decreased their price target on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a report on Friday, April 24th. BNP Paribas Exane cut their price objective on shares of Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. Bank of America reduced their target price on shares of Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. Wall Street Zen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Lockheed Martin currently has a consensus rating of “Hold” and an average target price of $609.68.

Lockheed Martin Stock Performance

The stock’s 50 day moving average price is $521.05 and its two-hundred day moving average price is $570.07. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. The firm has a market capitalization of $121.66 billion, a price-to-earnings ratio of 25.55, a PEG ratio of 0.97 and a beta of 0.11.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing the consensus estimate of $6.79 by ($0.35). The company had revenue of $18.02 billion during the quarter, compared to analyst estimates of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the business earned $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, analysts forecast that Lockheed Martin Corporation will post 29.88 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 1st were given a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Monday, June 1st. Lockheed Martin’s dividend payout ratio (DPR) is presently 66.83%.

Institutional Investors Weigh In On Lockheed Martin

Several institutional investors and hedge funds have recently made changes to their positions in the business. Diamant Asset Management Inc. boosted its holdings in shares of Lockheed Martin by 60,339.0% during the first quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company’s stock worth $531,493,000 after purchasing an additional 877,932 shares during the last quarter. AQR Capital Management LLC lifted its position in Lockheed Martin by 107.3% during the fourth quarter. AQR Capital Management LLC now owns 1,293,823 shares of the aerospace company’s stock worth $625,784,000 after buying an additional 669,604 shares during the period. Morgan Stanley boosted its stake in Lockheed Martin by 10.1% in the 4th quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock worth $2,770,729,000 after buying an additional 527,523 shares during the last quarter. Sanders Capital LLC purchased a new stake in Lockheed Martin in the 3rd quarter valued at about $252,699,000. Finally, Janus Henderson Group PLC increased its stake in shares of Lockheed Martin by 3,497.5% during the 1st quarter. Janus Henderson Group PLC now owns 451,276 shares of the aerospace company’s stock valued at $272,746,000 after acquiring an additional 438,732 shares during 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 (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.