Bank of America Has Lowered Expectations for Lockheed Martin (NYSE:LMT) Stock Price

Lockheed Martin (NYSE:LMT) had its target price dropped by analysts at Bank of America from $660.00 to $600.00 in a research note issued to investors on Friday,MarketScreener reports. The firm presently has a “neutral” rating on the aerospace company’s stock. Bank of America‘s price objective would suggest a potential upside of 16.91% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the company. Sanford C. Bernstein boosted their price objective on Lockheed Martin from $654.00 to $661.00 and gave the stock a “market perform” rating in a report on Tuesday, April 21st. Wall Street Zen cut Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday. DZ Bank downgraded Lockheed Martin from a “buy” rating to a “hold” rating and set a $665.00 price target for the company. in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. upped their price objective on Lockheed Martin from $515.00 to $680.00 and gave the company a “neutral” rating in a report on Friday, January 30th. Finally, Argus increased their price objective on Lockheed Martin from $530.00 to $735.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Seven equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $634.95.

Lockheed Martin Stock Performance

NYSE LMT opened at $513.21 on Friday. The stock has a market cap of $118.27 billion, a PE ratio of 24.85, a P/E/G ratio of 0.95 and a beta of 0.23. 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 firm has a 50-day moving average of $628.34 and a 200-day moving average of $553.22. Lockheed Martin has a 52-week low of $410.11 and a 52-week high of $692.00.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). The company had revenue of $18.02 billion during the quarter, compared to analyst estimates of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the company posted $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, sell-side analysts anticipate that Lockheed Martin will post 29.97 EPS for the current year.

Institutional Investors Weigh In On Lockheed Martin

A number of large investors have recently added to or reduced their stakes in the stock. Blue Capital Inc. lifted its position in shares of Lockheed Martin by 10.4% during the 1st quarter. Blue Capital Inc. now owns 532 shares of the aerospace company’s stock valued at $322,000 after acquiring an additional 50 shares during the period. Peregrine Asset Advisers Inc. acquired a new stake in shares of Lockheed Martin during the 1st quarter worth $270,000. Keybank National Association OH increased its position in shares of Lockheed Martin by 13.3% in the first quarter. Keybank National Association OH now owns 30,972 shares of the aerospace company’s stock worth $18,719,000 after purchasing an additional 3,630 shares during the period. Mitchell & Pahl Private Wealth LLC increased its position in shares of Lockheed Martin by 6.1% in the first quarter. Mitchell & Pahl Private Wealth LLC now owns 1,741 shares of the aerospace company’s stock worth $1,052,000 after purchasing an additional 100 shares during the period. Finally, Royal Harbor Partners LLC acquired a new position in Lockheed Martin in the first quarter valued at about $219,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin News Summary

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

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.