Lockheed Martin (NYSE:LMT) Shares Up 10.5% After Strong Earnings

Lockheed Martin Corporation (NYSE:LMT) shares rose 10.5% during trading on Thursday following a stronger than expected earnings report. The stock traded as high as $576.00 and last traded at $568.6190. Approximately 3,266,559 shares changed hands during mid-day trading, an increase of 108% from the average session volume of 1,573,979 shares. The stock had previously closed at $514.36.

The aerospace company reported $7.94 EPS for the quarter, beating analysts’ consensus estimates of $7.22 by $0.72. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The business had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same quarter last year, the business earned $1.46 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio (DPR) is presently 66.83%.

Lockheed Martin News Roundup

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

• Positive Sentiment: LMT beat Q2 estimates with EPS of $7.94 and revenue of $20.06 billion, both above Wall Street expectations, while sales rose 10.5% year over year. Lockheed Martin Reports Second Quarter 2026 Financial Results
• Positive Sentiment: The company raised 2026 guidance, now expecting EPS of $29.95 to $30.65 and revenue of $79.8 billion to $81.8 billion, signaling stronger demand and better execution ahead. Lockheed Martin lifts 2026 forecasts as Pentagon seeks to restock weapons
• Positive Sentiment: Management highlighted a record $230 billion backlog, helped by a large THAAD interceptor contract and continued expansion in munitions production, reinforcing visibility into future revenue. Lockheed Martin’s stock skyrockets as push to build more missiles faster pays off
• Positive Sentiment: Rising global defense spending and Pentagon efforts to restock weapons stockpiles are boosting demand for LMT’s missile and air-defense systems. Lockheed Martin, RTX lift 2026 forecasts as Pentagon looks to restock weapons
• Neutral Sentiment: The stock is also benefiting from broad defense-sector strength, even as the wider market falls on tech-earnings and inflation worries tied to higher oil prices. LMT Stock Soars as Lockheed Martin Raises Annual Forecast

Analyst Ratings Changes

Several analysts have recently weighed in on LMT shares. Sanford C. Bernstein restated a “market perform” rating on shares of Lockheed Martin in a report on Friday, May 29th. Susquehanna lowered their target price on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating on the stock in a report on Friday, April 24th. Bank of America dropped their price target on shares of Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a research report on Friday, April 24th. Wall Street Zen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and a consensus target price of $615.78.

Institutional Investors Weigh In On Lockheed Martin

Several large investors have recently modified their holdings of LMT. Basso Capital Management L.P. purchased a new stake in shares of Lockheed Martin during the fourth quarter valued at $25,000. United Financial Planning Group LLC purchased a new position in Lockheed Martin in the 3rd quarter worth about $25,000. Clarity Asset Management Inc. purchased a new position in Lockheed Martin in the 4th quarter worth about $26,000. Triumph Capital Management raised its holdings in Lockheed Martin by 66.7% during the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock worth $26,000 after buying an additional 22 shares during the period. Finally, Bard Associates Inc. acquired a new stake in Lockheed Martin during the 4th quarter worth about $27,000. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Up 10.5%

The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. The company has a market capitalization of $131.10 billion, a PE ratio of 27.54, a price-to-earnings-growth ratio of 0.92 and a beta of 0.11. The business’s 50 day simple moving average is $522.45 and its 200 day simple moving average is $573.14.

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.