Lockheed Martin (NYSE:LMT) Stock Price Up 2.5% – Here’s Why

Shares of Lockheed Martin Corporation (NYSE:LMT) shot up 2.5% on Tuesday . The stock traded as high as $612.75 and last traded at $608.3030. 1,022,071 shares were traded during trading, a decline of 33% from the average session volume of 1,521,462 shares. The stock had previously closed at $593.74.

More Lockheed Martin News

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

• Positive Sentiment: The U.S. Department of Defense awarded Lockheed Martin multiple contracts totaling more than $152 million. LMT is also among 24 companies eligible for work under a broader Air Force award valued at approximately $920 million, supporting backlog and future revenue visibility. Lockheed Wins Slew Of Contracts. Air Force Doles Out $920 Mil Award.
• Positive Sentiment: Lockheed validated the first Japanese ASEV radar shipset, marking progress on an international naval-defense program. The milestone could strengthen confidence in LMT’s ability to deliver advanced radar systems and benefit future overseas orders. Lockheed Martin Validates First Japanese ASEV Radar Shipset
• Positive Sentiment: Investor commentary remains favorable toward LMT, citing its strong defense fundamentals, income potential and analyst support. This reinforces the stock’s appeal as a relatively stable way to participate in elevated defense spending. Lockheed Martin + Sandisk: Balance And Diversification, Growth And Income
• Neutral Sentiment: RTX won a separate $22.9 billion, seven-year Navy Tomahawk contract and raised its 2026 outlook after beating earnings estimates. The award does not directly add to LMT’s backlog, but it confirms strong multi-year demand for precision munitions and could provide a positive read-through for the defense sector while highlighting competitive pressures. RTX Stock Gets a Radar Lock on a $23B Navy Win
• Neutral Sentiment: United Launch Alliance, the Lockheed-Boeing joint venture, appointed Mark Peller as chief executive after months of interim leadership. The change may improve stability, although ULA continues to face challenges surrounding its Vulcan rocket program. United Launch Alliance names new CEO amid Vulcan rocket travails
• Negative Sentiment: Valuation-focused analysis questions whether LMT’s premium has become too wide compared with its earnings outlook and the S&P 500. The concern could limit further upside if future contract wins or financial results do not keep pace with the stock’s valuation. Lockheed Martin: Is the Valuation Gap Getting Wider?

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LMT. Morgan Stanley upped their price target 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. Royal Bank Of Canada boosted their price objective on shares of Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a research report on Friday, July 24th. BNP Paribas Exane reduced their target price on shares of Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating for the company in a report on Friday, April 24th. Robert W. Baird set a $700.00 target price on shares of Lockheed Martin in a research report on Friday, July 24th. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Lockheed Martin has an average rating of “Hold” and an average target price of $632.39.

Lockheed Martin Stock Performance

The firm has a market capitalization of $140.39 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of 1.04 and a beta of 0.10. The stock’s fifty day moving average is $544.00 and its two-hundred day moving average is $576.42. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating analysts’ consensus estimates of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The firm had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $19.34 billion. During the same quarter last year, the company posted $1.46 earnings per share. The company’s revenue for the quarter 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 predict that Lockheed Martin Corporation will post 30.39 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be issued a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is presently 50.87%.

Hedge Funds Weigh In On Lockheed Martin

A number of hedge funds and other institutional investors have recently bought and sold shares of LMT. BlackRock Inc. acquired a new position in shares of Lockheed Martin during the 2nd quarter worth approximately $9,617,574,000. Charles Schwab Investment Management Inc. boosted its position in Lockheed Martin by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company’s stock worth $4,178,399,000 after purchasing an additional 114,900 shares during the period. Corient Private Wealth LP acquired a new position in shares of Lockheed Martin in the second quarter valued at $101,960,000. Morgan Stanley increased its holdings in shares of Lockheed Martin by 10.1% in the fourth quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock valued at $2,770,729,000 after purchasing an additional 527,523 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Lockheed Martin by 0.6% in the fourth quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company’s stock valued at $807,866,000 after purchasing an additional 10,349 shares during the period. 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.