The Week

Lockheed Martin (LMT) closed the week +0.83% at $509.59, lagging the S&P 500 by about 0.32 percentage points. The range was 2.85%, and the pattern was a late-week recovery from mid-week weakness: after opening at $506.03 on Monday, the shares edged higher, touched $510.87 on Tuesday, slid to an intraday low of $497 on Wednesday, then climbed back above $507 on Thursday and finished at $509.59 on Friday. Price is still below the 20-day moving average of $519.06 and the 60-day average of $549.16, but it sits well above the 60-day range low of $487.15. Average daily volume this week was 971,658 shares, about 9.71% below the 60-day median, so turnover stayed subdued.

Key Events

The company’s news flow this week centred on defence orders and training equipment deliveries. Early in the week, Lockheed Martin said its MORFIUS X-Rotor high-power microwave system can neutralise more than 50 drones per flight. Boeing then announced it had been awarded a $14.70 billion, seven-year PAC-3 MSE seeker contract by Lockheed Martin to accelerate seeker output. On Thursday, the company confirmed contracts to supply S-70i BLACK HAWK training devices and simulators to the Philippine Air Force. On Friday, it declared a fourth quarter 2026 dividend, and several Wall Street firms published rating updates. In the middle of the week, the stock underperformed competitors on Wednesday, but it still ended the week higher.

Analyst Ratings

Among the 24 brokers covering Lockheed Martin, 7 rate it buy, 2 rate it overweight, 13 rate it hold, 1 rates it sell, and 1 has no opinion. The consensus rating is buy, with a consensus target of $625.76, about 22.80% above the latest price of $509.59. The target range is wide, from $503 to $756, which points to real disagreement. Within the aerospace and defence industry of 85 stocks, Lockheed Martin ranks 3rd by analyst rating.

The Week Ahead

On the macro side, the US NFIB small business optimism index and existing home sales for Tuesday, 13 October are on the calendar, followed by CPI and core CPI on Wednesday, 14 October. The bigger date is Thursday, 22 October, when Lockheed Martin reports third quarter fiscal 2026 results before the open, with consensus EPS of $7.5681 and revenue of $20.4 billion. After this week’s PAC-3 MSE seeker expansion and Black Hawk training device wins, any additional delivery milestones or order disclosures will also be worth watching.

In Short

Lockheed Martin spent the week in a relatively mild range, trailing the broader market and trading on below-median volume. There is a tension in the sell-side picture: the consensus rating remains buy and the consensus target sits about 22.80% above spot, but hold ratings account for more than half of coverage, and the target range from $503 to $756 shows wide disagreement. On the latest trading day, large, medium and small orders all showed net outflows, while valuation sits at roughly 18.71x earnings with a dividend yield around 2.71%. The next checkpoint is whether the third quarter report can extend the order and delivery momentum, and how the macro data affect rate expectations.

This article is generated by LongbridgeAI from market data, for information only and not investment advice.