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Lockheed Martin Corporation (LMT) Stock Analysis
By Nova Skye | AltStation.io | Updated September 25, 2026
Company Overview
Information unavailable.
Key Financials
Market Cap
$121.95B
Revenue
$77.01B
EBITDA
$9.68B
Gross Margin
11.8%
Profit Margin
8.2%
Revenue Growth
10.5%
Total Cash
$3.79B
Total Debt
$20.54B
Free Cash Flow
$5.56B
52-Week Price Performance Analysis
Price Statistics
P/E Ratio
19.48
Forward P/E
16.13
Beta
0.10
52-Week High
$692.00
52-Week Low
$437.25
EPS
$27.13
50-Day Avg
$557.00
200-Day Avg
$561.38
Price/Book
13.86
Technical Analysis
LMT trades at $528.40, 37% of the way from its $429.47 52-week low to its $683.27 high. The stock is 23.35% below that high but remains 21.94% above the low. Price sits 2.18% below the 20-day moving average of $535.37. Momentum is negative, with declines of 2.67% over five trading days and 6.84% over 20 trading days. Near-term support is $522.34, while resistance is $604.94.
Recent News and Developments
Lockheed wins $1.2 billion Precision Strike Missile contract
The U.S. Army awarded Lockheed Martin an IDIQ contract worth up to $1.2 billion for Precision Strike Missile Increment 2. The award moves the missile into initial production after testing demonstrated engagement of moving maritime targets, with more flight tests scheduled for 2027. Source: Lockheed Martin
Lockheed commits up to $9 billion to expand munitions production
Lockheed Martin said it is investing $8 billion to $9 billion across more than 20 U.S. sites to expand munitions capacity. The expansion covers PAC-3 MSE, THAAD, PrSM and JATM production and targets shorter lead times across the defense supply chain. Source: Lockheed Martin
Wall Street Zen upgrades LMT to strong buy
Wall Street Zen upgraded Lockheed Martin from buy to strong buy on September 20. No new price target accompanied the rating change. Source: Markets Daily
Market Sentiment and Analyst Recommendations
Bull Case
Lockheed generated $77.01 billion in revenue, with revenue growth of 10.5%. That is strong growth for a company with a $121.95 billion market cap. The U.S. Army’s Precision Strike Missile contract is worth up to $1.2 billion and moves Increment 2 into initial production. Lockheed is also committing $8 billion to $9 billion across more than 20 U.S. sites to expand production of PAC-3 MSE, THAAD, PrSM and JATM. The analyst target of $637.84 sits well above the current $528.40 price, and 19 analysts collectively rate the stock a buy. At 19.48 times earnings and 23.35% below its 52-week high, LMT offers a credible entry point if growth and production expansion continue.
Bear Case
The balance sheet carries $20.54 billion in total debt against $3.79 billion in cash. Lockheed’s planned $8 billion to $9 billion production expansion adds execution risk because the investment exceeds the company’s current cash position. The stock is below its $535.37 20-day moving average, with five-day momentum at negative 2.67% and 20-day momentum at negative 6.84%. LMT also fell 1.8% from its September 18 close of $533.38 to $523.70 on September 24 despite fresh contract news. The analyst target range runs as low as $503.00, below the current $528.40 price, so Wall Street’s outlook is not uniformly bullish. A break below $522.34 support would reinforce the weak near-term trend.
What to Watch
The first threshold is $522.34, the 30-day low and current near-term support. A sustained move back above the $535.37 20-day moving average would be the first sign that selling pressure is easing. Beyond that, $604.94 is the key 30-day resistance level. Investors should track how quickly the company converts the $1.2 billion Precision Strike Missile contract into initial production. Execution on the planned $8 billion to $9 billion expansion across more than 20 U.S. sites also matters, particularly whether it delivers the targeted shorter lead times. Vectis development is a longer-term catalyst, with the first prototype expected to fly in 2027 and four additional aircraft entering development and testing.
Analyst Consensus
BUY
Based on 19 analyst opinions
Low Target
$503.00
Mean Target
$637.84
High Target
$756.00
Earnings and Financial Data
Sector
Industrials
Industry
Aerospace & Defense
Employees
123,000
Earnings & Dividends
Next Earnings
Oct 20, 2026
EPS (Trailing)
$27.13
Dividend Yield
263.0%
Payout Ratio
50.3%
Frequently Asked Questions
Is LMT a good stock to buy?
The current recommendation is buy based on 19 analysts. The clear takeaway is that analyst sentiment is positive, although the stock’s near-term momentum remains negative.
What is LMT’s price target?
The analyst target is $637.84, with estimates ranging from $503.00 to $756.00. The takeaway is that the consensus target is above the current $528.40 price, but the lowest target is below it.
What is Lockheed Martin’s P/E ratio?
LMT trades at a P/E ratio of 19.48. The takeaway is that investors are paying 19.48 times earnings at the current price.
How much debt does Lockheed Martin have?
Lockheed Martin has $20.54 billion in total debt and $3.79 billion in total cash. The takeaway is that debt substantially exceeds available cash.
What are LMT’s support and resistance levels?
Near-term support is $522.34, while near-term resistance is $604.94. The takeaway is that these are the key 30-day levels to track around the current $528.40 price.
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Disclaimer: This report is for informational purposes only and does not constitute financial advice. The analysis and opinions expressed are those of AltStation.io and should not be relied upon as the sole basis for investment decisions. Always conduct your own research and consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results. Updated September 25, 2026.