Lockheed Martin (NYSE:LMT) Cut to Hold at Wall Street Zen
by Doug Wharley · The Cerbat GemWall Street Zen cut shares of Lockheed Martin (NYSE:LMT – Free Report) from a buy rating to a hold rating in a report published on Saturday morning.
A number of other research firms have also weighed in on LMT. TD Cowen increased their price objective on Lockheed Martin from $600.00 to $670.00 and gave the company a “hold” rating in a research note on Friday, January 30th. Deutsche Bank Aktiengesellschaft dropped their price objective on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a research note on Friday. UBS Group increased their price objective on Lockheed Martin from $580.00 to $663.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Citigroup increased their price objective on Lockheed Martin from $673.00 to $675.00 and gave the company a “neutral” rating in a research note on Wednesday, April 1st. Finally, Wells Fargo & Company assumed coverage on Lockheed Martin in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $650.00 price objective for the company. Seven equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and a consensus price target of $632.58.
Read Our Latest Report on Lockheed Martin
Lockheed Martin Stock Performance
NYSE:LMT opened at $513.45 on Friday. The firm has a market cap of $118.38 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 0.92 and a beta of 0.23. Lockheed Martin has a fifty-two week low of $410.11 and a fifty-two week 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. The business has a 50 day moving average price of $625.56 and a 200-day moving average price of $553.54.
Lockheed Martin (NYSE:LMT – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). The company had revenue of $18.02 billion for the quarter, compared to analysts’ expectations of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the company posted $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities research analysts predict that Lockheed Martin will post 29.97 earnings per share for the current year.
Lockheed Martin Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 2nd were paid a $3.45 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $13.80 dividend on an annualized basis and a yield of 2.7%. Lockheed Martin’s dividend payout ratio (DPR) is presently 66.83%.
Institutional Trading of Lockheed Martin
A number of institutional investors and hedge funds have recently added to or reduced their stakes in LMT. Diamant Asset Management Inc. lifted its stake in Lockheed Martin by 60,339.0% in the first quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company’s stock worth $531,493,000 after acquiring an additional 877,932 shares during the period. AQR Capital Management LLC lifted its stake in Lockheed Martin by 107.3% in the fourth quarter. AQR Capital Management LLC now owns 1,293,823 shares of the aerospace company’s stock worth $625,784,000 after acquiring an additional 669,604 shares during the period. Morgan Stanley lifted its stake in Lockheed Martin by 10.1% in the fourth quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock worth $2,770,729,000 after acquiring an additional 527,523 shares during the period. Sanders Capital LLC purchased a new stake in Lockheed Martin in the third quarter worth $252,699,000. Finally, Corient Private Wealth LLC lifted its position in Lockheed Martin by 203.3% during the fourth quarter. Corient Private Wealth LLC now owns 560,363 shares of the aerospace company’s stock valued at $271,031,000 after buying an additional 375,622 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.
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.