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

Lockheed Martin Corporation (NYSE:LMT) has earned an average recommendation of “Hold” from the nineteen research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $637.56.

LMT has been the topic of a number of research analyst reports. Morgan Stanley boosted their price objective on shares of Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. Citigroup lifted their price objective on Lockheed Martin from $641.00 to $691.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. TD Cowen lowered their target price on shares of Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Weiss Ratings downgraded shares of Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, September 24th. Finally, Robert W. Baird set a $700.00 price objective on Lockheed Martin in a report on Friday, July 24th.

Institutional Investors Weigh In On Lockheed Martin

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Lockheed Martin in the 2nd quarter valued at $9,617,574,000. Corient Private Wealth LP bought a new stake in Lockheed Martin during the 2nd quarter valued at approximately $101,960,000. Bank of New York Mellon Corp acquired a new stake in shares of Lockheed Martin in the second quarter worth $645,258,000. Legal & General Group Plc acquired a new stake in Lockheed Martin in the 2nd quarter worth $497,469,000. Finally, Diamant Asset Management Inc. increased its stake in 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 valued at $531,493,000 after acquiring an additional 877,932 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

More Lockheed Martin News

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

• Positive Sentiment: Investment in autonomous aircraft could expand future growth. Lockheed’s Skunk Works is investing ahead of formal Pentagon requirements in its Vectis autonomous aircraft, with a potential concept in which one F-35 controls as many as eight drones. The initiative could strengthen the company’s position in next-generation air power and crewed-uncrewed teaming. Inside Skunk Works: Lockheed’s Bet on Vectis
• Positive Sentiment: AI and counter-drone partnerships add strategic upside. Lockheed is using dozens of large language models across its business and is working with OpenAI on complex F-35 sensor-related math and physics problems. Separately, Lockheed participated in Fortem’s $50 million funding round, supporting expansion of counter-drone manufacturing and deployments. Lockheed Taps OpenAI to Solve F-35 Challenges Lockheed Backs Fortem’s Counter-Drone Push
• Positive Sentiment: F-35 and naval-defense demand continue to generate program momentum. Finland received its first permanently based F-35A aircraft, while a $94.2 million U.S. Navy award advances AEGIS integration for Canada. These developments reinforce Lockheed’s international and naval-defense backlog. Finland and Lockheed Martin Celebrate Historic Arrival of First Finnish F-35 Can AEGIS Combat System Demand Boost Lockheed Martin’s Growth?
• Positive Sentiment: Defense spending and dividends remain supportive themes. Analysts continue to highlight multiyear Pentagon contracts, recurring dividend increases, and a defense replenishment cycle as support for major contractors such as LMT. The Pentagon Keeps Spending. These 4 Defense Stocks Keep Raising Their Dividends
• Neutral Sentiment: CEO Jim Taiclet is seeking to make the broader company operate with the speed and innovation of Skunk Works, a potentially positive long-term shift but one that will require execution. Lockheed will report third-quarter results on October 22. Lockheed CEO Maps Pivot to Move at Skunk Works Speed Lockheed Martin Announces Third Quarter 2026 Earnings Results Webcast
• Negative Sentiment: Despite favorable industry trends, LMT has pulled back after a strong multiyear run, keeping valuation and future cash-flow conversion under scrutiny. SpaceX and other competitors also present potential pressure in aerospace and space markets. SpaceX vs. Lockheed Martin: Which Aerospace Stock Is a Better Buy in 2026?

Lockheed Martin Stock Up 0.1%

Shares of NYSE:LMT opened at $506.00 on Friday. Lockheed Martin has a fifty-two week low of $437.25 and a fifty-two week high of $692.00. The firm’s 50-day simple moving average is $555.00 and its 200-day simple moving average is $551.69. The company has a market cap of $116.78 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 1.10 and a beta of 0.09. 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 released its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The company had revenue of $20.06 billion for the quarter, compared to analysts’ expectations of $19.34 billion. During the same quarter in the previous year, the firm posted $1.46 EPS. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, equities research analysts predict that Lockheed Martin will post 30.44 earnings per share for the current year.

Lockheed Martin Dividend Announcement

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

About Lockheed Martin

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.