Lockheed Martin (NYSE:LMT) Shares Down 3.1% After Earnings Miss

Shares of Lockheed Martin Corporation (NYSE:LMT) traded down 3.1% during trading on Friday following a dissappointing earnings announcement. The stock traded as low as $503.60 and last traded at $513.2110. 3,080,110 shares traded hands during mid-day trading, an increase of 73% from the average session volume of 1,779,116 shares. The stock had previously closed at $529.79.

The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.79 by ($0.35). The firm had revenue of $18.02 billion for the quarter, compared to analyst estimates of $18.38 billion. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the firm posted $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 2nd were given a $3.45 dividend. The ex-dividend date was Monday, March 2nd. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. Lockheed Martin’s payout ratio is currently 64.22%.

Lockheed Martin News Roundup

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

• Positive Sentiment: Pentagon planning to raise F‑35 purchases. Proposed increases in USAF and Navy buys through 2030–31 could lift future F‑35 production volumes and revenue for Lockheed. Pentagon Plans Boost to F‑35 Orders
• Positive Sentiment: Peru agreed to buy 12 F‑16 Block 70 jets — a direct commercial sale that supports near‑term aircraft revenue and international aftermarket/upgrade opportunities. Peru Selects F‑16 Block 70
• Positive Sentiment: Lockheed picked up roles in U.S. missile‑defense programs (including the multi‑company “Golden Dome” awards) and DOD contracts to replenish Patriot inventories — supports sustained demand in missile & munitions franchises. Golden Dome Program Coverage Patriot Stockpile Report
• Neutral Sentiment: Q1 results included an FY‑2026 EPS range that largely reaffirmed guidance; that limits downside from a guidance shock but leaves execution risk on production and cash flow. Q1 Financial Results
• Neutral Sentiment: Positive program PR (Orion crewed flight, GPS III support) bolsters long‑term aerospace credibility but is less material to near‑term cash flow. Program/PR Coverage
• Negative Sentiment: Q1 miss on EPS ($6.44 vs. Street) and revenue shortfall; free cash flow turned negative and Lockheed cited production delays and fixed‑price contract pressure — the immediate catalyst for selling pressure. Q1 Results Coverage
• Negative Sentiment: Multiple analysts trimmed price targets (BNP Paribas Exane, RBC, Morgan Stanley, Deutsche Bank, Susquehanna), reflecting increased execution/cash‑flow risk and tempering near‑term upside. Analyst PT Changes
• Negative Sentiment: Investor focus on cash burn and program delays increases short‑term volatility despite healthy backlog; near‑term valuation will track execution and whether cash flow recovers. Execution Risk Coverage

Analyst Upgrades and Downgrades

LMT has been the subject of several recent research reports. Citigroup raised their target price on shares of Lockheed Martin from $673.00 to $675.00 and gave the company a “neutral” rating in a report on Wednesday, April 1st. BNP Paribas Exane lowered their price target on shares of Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a research report on Friday. Truist Financial raised their price objective on shares of Lockheed Martin from $605.00 to $695.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Wells Fargo & Company started coverage on Lockheed Martin in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $650.00 price objective for the company. Finally, The Goldman Sachs Group upped their target price on Lockheed Martin from $464.00 to $517.00 and gave the company a “sell” rating in a research note on Monday, February 2nd. Seven investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $632.32.

Institutional Investors Weigh In On Lockheed Martin

A number of hedge funds and other institutional investors have recently modified their holdings of LMT. Root Financial Partners LLC raised its position in shares of Lockheed Martin by 16.6% in the first quarter. Root Financial Partners LLC now owns 793 shares of the aerospace company’s stock valued at $479,000 after buying an additional 113 shares during the last quarter. EJMK Ventures LLC acquired a new stake in Lockheed Martin during the first quarter worth approximately $279,000. Essex Financial Services Inc. grew its stake in Lockheed Martin by 0.8% in the 1st quarter. Essex Financial Services Inc. now owns 7,170 shares of the aerospace company’s stock worth $4,333,000 after acquiring an additional 55 shares during the period. Secured Retirement Advisors LLC grew its stake in Lockheed Martin by 2.6% in the 1st quarter. Secured Retirement Advisors LLC now owns 3,209 shares of the aerospace company’s stock worth $1,940,000 after acquiring an additional 81 shares during the period. Finally, Vertrix Wealth Management LLC acquired a new position in Lockheed Martin in the 1st quarter valued at $4,924,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

The company has a market capitalization of $118.27 billion, a price-to-earnings ratio of 24.85, a P/E/G ratio of 0.95 and a beta of 0.23. The company has a fifty day simple moving average of $628.34 and a two-hundred day simple moving average of $552.93. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.94 and a current ratio of 1.14.

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.