Zacks Research Boosts Earnings Estimates for Lockheed Martin

Lockheed Martin Corporation (NYSE:LMT) – Equities research analysts at Zacks Research upped their Q1 2026 earnings estimates for shares of Lockheed Martin in a note issued to investors on Tuesday, January 6th. Zacks Research analyst Team now expects that the aerospace company will earn $6.94 per share for the quarter, up from their previous forecast of $6.93. The consensus estimate for Lockheed Martin’s current full-year earnings is $27.15 per share. Zacks Research also issued estimates for Lockheed Martin’s Q2 2026 earnings at $7.20 EPS, Q4 2026 earnings at $7.84 EPS, FY2026 earnings at $29.36 EPS, Q1 2027 earnings at $6.55 EPS, Q3 2027 earnings at $12.79 EPS and Q4 2027 earnings at $7.84 EPS.

Other research analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft cut their price objective on Lockheed Martin from $517.00 to $492.00 and set a “hold” rating on the stock in a research report on Wednesday, December 10th. BNP Paribas Exane initiated coverage on shares of Lockheed Martin in a research note on Tuesday, November 18th. They set an “outperform” rating and a $550.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lockheed Martin in a report on Wednesday, October 8th. Robert W. Baird increased their price objective on Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Finally, The Goldman Sachs Group raised their target price on Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a research report on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Lockheed Martin has an average rating of “Hold” and an average target price of $506.18.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $518.63 on Thursday. The company has a market capitalization of $120.01 billion, a PE ratio of 28.96, a PEG ratio of 1.41 and a beta of 0.24. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. The stock’s 50 day moving average price is $472.81 and its 200-day moving average price is $467.52. Lockheed Martin has a twelve month low of $410.11 and a twelve month high of $542.87.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, beating analysts’ consensus estimates of $6.33 by $0.62. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The company had revenue of $18.61 billion for the quarter, compared to analyst estimates of $18.45 billion. During the same period last year, the firm earned $6.84 earnings per share. The firm’s revenue was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS.

Insiders Place Their Bets

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the business’s stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the sale, the chief operating officer owned 1 shares of the company’s stock, valued at $491.04. The trade was a 99.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On Lockheed Martin

A number of large investors have recently made changes to their positions in the stock. Tableaux LLC increased its position in shares of Lockheed Martin by 34,231.4% in the second quarter. Tableaux LLC now owns 623,115 shares of the aerospace company’s stock worth $288,589,000 after purchasing an additional 621,300 shares during the last quarter. Sanders Capital LLC purchased a new position in Lockheed Martin in the 3rd quarter worth approximately $252,699,000. First Trust Advisors LP grew its stake in Lockheed Martin by 286.1% in the 3rd quarter. First Trust Advisors LP now owns 503,428 shares of the aerospace company’s stock worth $251,316,000 after buying an additional 373,027 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Lockheed Martin by 169.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 572,272 shares of the aerospace company’s stock worth $265,030,000 after buying an additional 359,748 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Lockheed Martin by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company’s stock valued at $10,048,993,000 after buying an additional 214,565 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Key Stories Impacting Lockheed Martin

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

• Positive Sentiment: Market rally from Trump’s $1.5T defense-budget proposal, which investors expect will boost future Pentagon contracting and revenue for prime contractors like Lockheed. LMT stock: Lockheed Martin benefits from Trump’s eye-popping budget, ‘dream military’ comments
• Positive Sentiment: Fundamental production strength: Lockheed reported a record 191 F‑35 deliveries in 2025 and is tied to Pentagon plans to ramp Patriot/PAC‑3 production — supports near‑term revenue and backlog. Lockheed says 2025 F-35 deliveries hit 191 as demand lifts production pace
• Positive Sentiment: Analyst estimate activity (Zacks) shows small upward tweaks to several near‑term EPS forecasts, offering incremental fundamental support. MarketBeat LMT profile (Zacks notes)
• Neutral Sentiment: Macro/sector caution: some analysts warn defense stocks look expensive after recent rallies — valuation could limit further upside absent confirmed budget increases. Defense Stocks Look Ultra Expensive in 2026
• Neutral Sentiment: High intraday volatility as markets price both the spending upside and the policy risk from administration statements — expect whipsaw trading on headlines. LMT Stock Whipsaws After Trump Bans Buybacks, Then Calls For $1.5 Trillion Military Budget
• Negative Sentiment: Political risk to shareholder returns: Trump’s statements and an executive order blocking dividends/buybacks until production improves directly threaten a key part of Lockheed’s capital return policy. Trump says he won’t permit dividends, buybacks for defense companies till they fix equipment production
• Negative Sentiment: Short-term hit to the stock already occurred when markets priced in potential bans on dividends/buybacks (shares fell before rebounding with the budget headline). That political overhang could limit multiple expansion. Lockheed Martin (LMT) Stock Falls 5% on Trump Defense Policy Changes

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.