Lockheed Martin (NYSE:LMT) Stock Price Down 4.5% Following Weak Earnings

Lockheed Martin Corporation (NYSE:LMT)’s share price fell 4.5% during mid-day trading on Thursday after the company announced weaker than expected quarterly earnings. The stock traded as low as $522.26 and last traded at $530.27. 3,204,707 shares changed hands during trading, an increase of 82% from the average session volume of 1,762,125 shares. The stock had previously closed at $555.43.

The aerospace company reported $6.44 EPS for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). The firm had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $18.38 billion. Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the firm earned $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 2nd were issued a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.6%. The ex-dividend date was Monday, March 2nd. Lockheed Martin’s dividend payout ratio is presently 64.22%.

Trending Headlines about Lockheed Martin

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

• Positive Sentiment: Peru selected Lockheed to buy 12 F‑16 Block 70 fighters — a direct international order that supports near‑term aircraft production and backlog. Read More. Read More.
• Positive Sentiment: Defense spending tailwinds and Lockheed’s record backlog (especially missile and munitions demand) underpin revenue visibility over the medium term. Read More.
• Neutral Sentiment: Management reaffirmed FY2026 guidance (EPS range $29.35–30.25; revenue $77.5B–$80.0B), which roughly tracks consensus but slightly under some expectations — this leaves guidance intact but not a catalyst. Read More.
• Neutral Sentiment: CEO commentary framed a favorable policy backdrop (comments about the incoming Pentagon), signaling intent to pursue growth under higher U.S. defense budgets — strategic tone is positive but not immediate cash impact. Read More.
• Negative Sentiment: Q1 EPS of $6.44 missed consensus (~$6.79) and revenue of ~$18.0B missed estimates — the headline miss is the primary driver of the share decline. Read More.
• Negative Sentiment: Free cash flow turned negative (reported ~‑$291M) and cash from operations was weak; fixed‑price contract costs and production slowdowns on F‑16/C‑130 programs increased costs and pressured margins. Those operational issues are causing investor concern about near‑term execution. Read More. Read More.
• Negative Sentiment: Analyst reactions mixed: some premarket downgrades/price‑target adjustments and near‑term selling pressure as investors digest the miss; watch revisions to estimates and cash‑flow metrics. Read More.

Analyst Upgrades and Downgrades

LMT has been the topic of several analyst reports. BNP Paribas Exane upped their target price on Lockheed Martin from $740.00 to $770.00 and gave the stock an “outperform” rating in a report on Tuesday, April 7th. Weiss Ratings upgraded Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 23rd. Argus upped their target price on Lockheed Martin from $530.00 to $735.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Sanford C. Bernstein upped their target price on Lockheed Martin from $654.00 to $661.00 and gave the stock a “market perform” rating in a report on Tuesday. Finally, The Goldman Sachs Group upped their target price on Lockheed Martin from $464.00 to $517.00 and gave the stock a “sell” rating in a report on Monday, February 2nd. Seven investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $646.16.

Hedge Funds Weigh In On Lockheed Martin

Institutional investors have recently bought and sold shares of the business. Cerro Pacific Wealth Advisors LLC grew its stake in shares of Lockheed Martin by 1.2% in the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company’s stock worth $665,000 after buying an additional 16 shares in the last quarter. Garner Asset Management Corp boosted its stake in shares of Lockheed Martin by 0.9% during the 4th quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company’s stock worth $839,000 after purchasing an additional 16 shares during the period. Davis R M Inc. boosted its stake in shares of Lockheed Martin by 1.3% during the 4th quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company’s stock worth $612,000 after purchasing an additional 16 shares during the period. Broadway Wealth Solutions Inc. boosted its stake in shares of Lockheed Martin by 3.6% during the 4th quarter. Broadway Wealth Solutions Inc. now owns 484 shares of the aerospace company’s stock worth $234,000 after purchasing an additional 17 shares during the period. Finally, Aspire Growth Partners LLC boosted its stake in shares of Lockheed Martin by 0.7% during the 4th quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company’s stock worth $1,217,000 after purchasing an additional 17 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05. The business’s 50 day moving average is $631.13 and its 200 day moving average is $552.93. The stock has a market capitalization of $122.21 billion, a PE ratio of 24.68, a PEG ratio of 0.99 and a beta of 0.23.

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.