Lockheed Martin (NYSE:LMT) Shares Up 2.5% Following Earnings Beat

Lockheed Martin Corporation (NYSE:LMT)’s share price was up 2.5% on Friday after the company announced better than expected quarterly earnings. The stock traded as high as $588.41 and last traded at $582.73. Approximately 1,735,454 shares were traded during mid-day trading, an increase of 10% from the average daily volume of 1,573,588 shares. The stock had previously closed at $568.59.

The aerospace company reported $7.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. 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 firm earned $1.46 EPS. The company’s revenue 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 firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be paid a $3.45 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.4%. Lockheed Martin’s dividend payout ratio (DPR) is presently 50.87%.

Lockheed Martin News Roundup

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

• Positive Sentiment: Lockheed beat Q2 expectations with EPS of $7.94 and revenue of $20.06 billion, helped by 10.5% year-over-year sales growth. Reuters: Lockheed Martin lifts 2026 forecasts as Pentagon seeks to restock weapons
• Positive Sentiment: The company raised 2026 guidance for both sales and earnings, signaling management confidence in sustained demand and improved execution. PR Newswire: Lockheed Martin Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Backlog hit a record $230 billion, boosted by major contracts such as the $35 billion THAAD interceptor award, giving investors long-term revenue visibility. Yahoo Finance: Lockheed Martin Says Record Backlog Will Fuel Sales Growth for Years to Come
• Positive Sentiment: Management highlighted expanding munitions production and broader defense demand, which should support future growth as the Pentagon replenishes weapons stockpiles. WSJ: Lockheed Martin Raises Full-Year Outlook on Continued Expansion of Munitions Production
• Neutral Sentiment: Lockheed also unveiled new missile-defense technology and continued investing ahead of contract awards, a strategic move that could help growth but adds some execution risk. Benzinga: Lockheed Isn’t Waiting For Pentagon Orders Anymore
• Negative Sentiment: Some analysts still caution that execution needs to stay consistent, so future gains may depend on whether management can keep deliveries, margins, and production ramp-ups on track. Yahoo Finance: Lockheed Martin Posted Strong Q2 Results but Execution Remains Key, RBC Says

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Lockheed Martin in a research report on Friday, May 29th. UBS Group reiterated a “neutral” rating and issued a $581.00 price objective on shares of Lockheed Martin in a research report on Friday. Morgan Stanley boosted their target price on Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a research note on Friday. TD Cowen decreased their target price on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a report on Monday, July 13th. Finally, Susquehanna decreased their target price on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $624.94.

Hedge Funds Weigh In On Lockheed Martin

A number of institutional investors have recently bought and sold shares of LMT. Basso Capital Management L.P. bought a new position in shares of Lockheed Martin in the 4th quarter worth approximately $25,000. United Financial Planning Group LLC purchased a new position in shares of Lockheed Martin in the 3rd quarter valued at approximately $25,000. Clarity Asset Management Inc. bought a new stake in shares of Lockheed Martin during the fourth quarter valued at approximately $26,000. Triumph Capital Management boosted its position in shares of Lockheed Martin by 66.7% during the fourth quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 22 shares in the last quarter. Finally, Bard Associates Inc. purchased a new stake in Lockheed Martin in the fourth quarter worth $27,000. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Performance

The company has a market capitalization of $134.35 billion, a PE ratio of 21.48, a PEG ratio of 1.04 and a beta of 0.11. The company has a 50 day moving average of $523.78 and a two-hundred day moving average of $573.21. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 0.94.

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.