Zacks Research Raises Earnings Estimates for Lockheed Martin

Lockheed Martin Co. (NYSE:LMT) – Equities researchers at Zacks Research raised their FY2024 EPS estimates for Lockheed Martin in a report released on Wednesday, December 18th. Zacks Research analyst R. Department now anticipates that the aerospace company will post earnings of $26.68 per share for the year, up from their prior estimate of $26.65. The consensus estimate for Lockheed Martin’s current full-year earnings is $26.88 per share. Zacks Research also issued estimates for Lockheed Martin’s Q1 2025 earnings at $6.65 EPS, Q3 2025 earnings at $7.22 EPS, Q4 2025 earnings at $6.90 EPS, FY2025 earnings at $28.05 EPS, Q3 2026 earnings at $7.56 EPS and FY2026 earnings at $29.61 EPS.

Several other equities research analysts have also recently weighed in on LMT. Susquehanna lowered their price objective on shares of Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price target on shares of Lockheed Martin from $560.00 to $630.00 and gave the company an “overweight” rating in a report on Monday, October 14th. TD Cowen upped their price objective on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Royal Bank of Canada dropped their target price on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and a consensus price target of $612.29.

Lockheed Martin Stock Performance

Shares of NYSE:LMT opened at $479.66 on Friday. The business has a fifty day moving average of $543.35 and a 200-day moving average of $532.64. The firm has a market cap of $113.70 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 4.13 and a beta of 0.46. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. Lockheed Martin has a twelve month low of $413.92 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. The firm had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The business’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the firm posted $6.77 EPS.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be given a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s payout ratio is currently 47.79%.

Institutional Trading of Lockheed Martin

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC raised its position in Lockheed Martin by 60,592.0% during the third quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company’s stock worth $911,433,000 after acquiring an additional 1,556,609 shares in the last quarter. Wulff Hansen & CO. raised its holdings in shares of Lockheed Martin by 56,626.7% in the 2nd quarter. Wulff Hansen & CO. now owns 1,021,081 shares of the aerospace company’s stock valued at $476,947,000 after purchasing an additional 1,019,281 shares during the period. Los Angeles Capital Management LLC lifted its stake in Lockheed Martin by 124.0% in the 3rd quarter. Los Angeles Capital Management LLC now owns 450,870 shares of the aerospace company’s stock valued at $263,561,000 after purchasing an additional 249,591 shares during the last quarter. Wellington Management Group LLP increased its position in Lockheed Martin by 8.5% during the third quarter. Wellington Management Group LLP now owns 3,074,855 shares of the aerospace company’s stock worth $1,797,437,000 after buying an additional 240,306 shares during the last quarter. Finally, FMR LLC raised its stake in Lockheed Martin by 6.6% in the third quarter. FMR LLC now owns 3,389,025 shares of the aerospace company’s stock valued at $1,981,088,000 after buying an additional 209,591 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

About Lockheed Martin

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.