Lockheed Martin Corporation (NYSE:LMT) Receives Consensus Recommendation of “Hold” from Brokerages

Lockheed Martin Corporation (NYSE:LMT) has received a consensus rating of “Hold” from the twenty-one research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $632.5789.

Several equities research analysts have recently weighed in on LMT shares. TD Cowen dropped their target price on shares of Lockheed Martin from $670.00 to $600.00 and set a “hold” rating for the company in a research report on Friday, April 24th. Bank of America dropped 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 report on Friday, April 24th. Sanford C. Bernstein boosted their price objective on shares of Lockheed Martin from $654.00 to $661.00 and gave the company a “market perform” rating in a research report on Tuesday, April 21st. Wells Fargo & Company assumed coverage on shares of Lockheed Martin in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $650.00 price objective on the stock. Finally, Wall Street Zen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday.

Institutional Trading of Lockheed Martin

Hedge funds have recently made changes to their positions in the stock. United Financial Planning Group LLC bought a new stake in shares of Lockheed Martin in the 3rd quarter worth approximately $25,000. Basso Capital Management L.P. bought a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC lifted its holdings in shares of Lockheed Martin by 285.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 40 shares during the last quarter. Grey Fox Wealth Advisors LLC bought a new stake in shares of Lockheed Martin in the 3rd quarter worth approximately $27,000. Finally, Clarity Asset Management Inc. bought a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $26,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

LMT opened at $512.30 on Wednesday. The company has a 50-day moving average of $622.83 and a 200-day moving average of $553.59. The company has a market capitalization of $118.12 billion, a P/E ratio of 24.81, a PEG ratio of 0.93 and a beta of 0.23. Lockheed Martin has a 1-year low of $410.11 and a 1-year high of $692.00. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.94 and a current ratio of 1.14.

Lockheed Martin (NYSE:LMT) last released its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share 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 the consensus estimate of $18.38 billion. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.Lockheed Martin’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the previous year, the firm posted $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities analysts expect that Lockheed Martin will post 29.93 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 2nd were issued a $3.45 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. Lockheed Martin’s dividend payout ratio (DPR) is 66.83%.

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.