Lockheed Martin (NYSE:LMT) Stock Price Down 2.1% – Here’s Why

Shares of Lockheed Martin Corporation (NYSE:LMT) were down 2.1% during mid-day trading on Wednesday . The company traded as low as $524.37 and last traded at $524.8470. 1,361,554 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 1,484,661 shares. The stock had previously closed at $536.15.

Lockheed Martin News Summary

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

• Positive Sentiment: UBS upgraded LMT to Buy from Neutral and raised its 12-month price target to $674 from $581, citing underappreciated missile growth, F-35 sustainment revenue and other defense programs. UBS expects roughly 9% annual revenue growth and sees approximately 26% upside from its reference price. UBS upgrades Lockheed Martin to Buy
• Positive Sentiment: Missile demand is emerging as a major catalyst. UBS reportedly projects Lockheed’s Missiles and Fire Control revenue could grow 150% by 2030, driven by rising international demand and replenishment of missile inventories. Lockheed Martin missile segment growth
• Positive Sentiment: Sweden awarded Lockheed a roughly $729 million HIMARS contract for launchers and ammunition, with deliveries expected to begin in 2027. Cooperation with Saab to produce ammunition locally could strengthen Lockheed’s European defense footprint. Lockheed Martin HIMARS contract in Sweden
• Positive Sentiment: The Javelin joint venture between Lockheed Martin and Raytheon signed an agreement with Tata Advanced Systems to explore producing Javelin missiles in India, supporting international capacity and market access.
• Positive Sentiment: Analysts and investors continue to point to sustained global defense-budget increases as a multiyear demand driver. Lockheed’s valuation—about 19 times earnings, below 14 times free cash flow, with a dividend yield near 2.6%—is also being presented as relatively attractive.
• Neutral Sentiment: The company also awarded L3Harris a $4.7 billion contract for PAC-3 MSE propulsion, highlighting strong program demand, though the award is primarily a supply-chain expense for Lockheed rather than direct revenue.
• Negative Sentiment: Defense stocks have recently lagged the broader market despite elevated geopolitical spending expectations. The long-term contract wins may not materially affect earnings immediately, leaving LMT vulnerable to sector rotation and short-term profit taking.

Analyst Ratings Changes

A number of research firms have recently weighed in on LMT. Royal Bank Of Canada upped their price objective on Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a research note on Friday, July 24th. Wells Fargo & Company set a $600.00 target price on shares of Lockheed Martin in a research report on Monday, July 27th. Morgan Stanley lifted their price objective on Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a research note on Friday, July 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 report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $637.56.

Lockheed Martin Trading Down 2.1%

The firm has a market capitalization of $121.13 billion, a PE ratio of 19.35, a price-to-earnings-growth ratio of 1.14 and a beta of 0.10. The stock’s 50-day moving average price is $556.57 and its 200 day moving average price is $568.04. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.22 by $0.72. The business had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The business’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.46 EPS. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, sell-side analysts expect that Lockheed Martin Corporation will post 30.39 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be given a $3.45 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.6%. Lockheed Martin’s payout ratio is 50.87%.

Institutional Investors Weigh In On Lockheed Martin

Institutional investors have recently bought and sold shares of the company. World Investment Advisors boosted its position in shares of Lockheed Martin by 54.7% during the 4th quarter. World Investment Advisors now owns 14,739 shares of the aerospace company’s stock valued at $7,129,000 after purchasing an additional 5,214 shares in the last quarter. SG Americas Securities LLC lifted its stake in Lockheed Martin by 5.4% during the first quarter. SG Americas Securities LLC now owns 276,383 shares of the aerospace company’s stock valued at $167,043,000 after purchasing an additional 14,150 shares during the last quarter. Norris Financial Group LLC acquired a new stake in shares of Lockheed Martin during the 1st quarter valued at $2,321,000. Legal Advantage Investments Inc. purchased a new stake in shares of Lockheed Martin during the first quarter valued at $1,451,000. Finally, Versor Investments LP lifted its holdings in shares of Lockheed Martin by 220.4% during the fourth quarter. Versor Investments LP now owns 5,997 shares of the aerospace company’s stock valued at $2,901,000 after purchasing an additional 4,125 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

About Lockheed Martin

Lockheed Martin Corporation is a global aerospace, defense and technology company that develops and produces systems for government and commercial customers, with the U.S. Department of Defense serving as its largest customer. Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

The company’s products and services include military aircraft such as the F-35 Lightning II, F-16 and C-130; air and missile defense systems; precision weapons; helicopters and maritime systems; radar, sensors and command-and-control technologies; satellites; space exploration systems; and missile-warning and strategic defense capabilities.

Lockheed Martin was created in 1995 through the merger of Lockheed Corporation and Martin Marietta.