LOCKHEED MARTIN CORP: JEFFERIES LOWERS TARGET PRICE FROM $640 TO $595
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 27 2026
0mins
Source: moomoo
- Stock Price Adjustment: Lockheed Martin's stock target price has been reduced from $640 to $595 by Jeffries.
- Market Impact: This adjustment reflects changes in market expectations and could influence investor sentiment regarding Lockheed Martin's future performance.
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Analyst Views on LMT
Wall Street analysts forecast LMT stock price to rise
12 Analyst Rating
4 Buy
7 Hold
1 Sell
Hold
Current: 532.320
Low
430.00
Averages
535.50
High
605.00
Current: 532.320
Low
430.00
Averages
535.50
High
605.00
About LMT
Lockheed Martin Corporation is an aerospace and defense technology company. The Company's segments include Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space. The Aeronautics segment is engaged in research, design, development, manufacture, integration, sustainment, support and upgrade of advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies. The MFC segment provides air and missile defense systems; tactical missiles and precision strike weapon systems; logistics; fire control systems; engineering support and integration services. The RMS segment designs, manufactures, services and supports various military and commercial helicopters, sea and land-based missile defense systems. The Space segment is engaged in the research and design, development, engineering and production of satellites, space transportation systems, and strategic, advanced strike, and defensive systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Diversified Revenue Streams: With revenue from commercial air-engine parts, defense hardware, and industrial gas turbines, Howmet reported impressive growth rates of 48% and 39% in commercial aerospace and gas turbines respectively in the most recent quarter, showcasing robust business stability and growth potential.
- Defense Contract Supplier: As a key supplier of parts for the F-35 Lightning II fighter jet, Howmet's involvement in the defense sector provides a stable revenue source; although defense growth is relatively slower, its competitive advantage in the market remains significant.
- Strong Financial Health: With an A- credit rating and a net leverage ratio of just 0.9x, Howmet demonstrates solid financial health, having distributed $450 million to shareholders in the first quarter and maintaining a five-year streak of dividend increases, reflecting strong cash flow and long-term growth potential.
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- Profit and Cash Flow: Lockheed Martin generated over $5 billion in net income with free cash flow of $6.9 billion, despite a debt-to-equity ratio of 3.2x, as its long-term F-35 contracts provide stable revenue streams.
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- Risks and Challenges: Lockheed Martin faces risks from shifting U.S. government budget priorities and ongoing cost overruns and technical performance issues related to the F-35 program, while RTX must navigate rising production costs due to global supply chain constraints and labor shortages.
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- Defense Contract Supplier: As a key supplier of parts for the F-35 Lightning II fighter jet, Howmet's involvement in the defense sector provides a stable revenue source; although defense growth is relatively slower, its competitive advantage in the market remains significant.
- Strong Financial Health: With an A- credit rating and a net leverage ratio of just 0.9x, Howmet demonstrates solid financial health, having distributed $450 million to shareholders in the first quarter and maintaining a five-year streak of dividend increases, reflecting strong cash flow and long-term growth potential.
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- Diversified Revenue Streams: While not a dedicated defense stock, Howmet has achieved growth across multiple sectors, with commercial aerospace and gas turbines increasing by 48% and 39% respectively, showcasing its ability to leverage diverse revenue sources.
- Robust Financial Health: With a net leverage ratio of just 0.9x and double-digit free cash flow margins, Howmet demonstrates financial stability, allowing for substantial cash distributions to shareholders, including $450 million in dividends in the first quarter, with a five-year streak of dividend increases.
- Strategic Position in Defense Market: As a key supplier of parts for the F-35 Lightning II fighter jet, Howmet holds a significant position in defense contracts; although defense growth is slower, its competitive advantages and market share remain substantial.
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- Importance of Air Raid Alerts: Ukrainian President Zelenskiy emphasized in a video address the critical need for residents to heed air raid alerts as Russia prepares for a large-scale attack, reflecting the escalating tension and urgent concern for civilian safety.
- Casualties from Strikes: Russian glide bomb attacks in Zaporizhzhia resulted in at least five deaths and ten injuries, indicating an intensification of assaults on Ukrainian cities, which poses a significant threat to local residents' lives.
- Injuries to Children: In Poltava, shelling led to injuries of three children, highlighting the severe impact of the war on innocent civilians, particularly children, and exacerbating international concern over the humanitarian crisis.
- Escalation of Drone Attacks: Zelenskiy reported that Ukrainian drones struck an oil refinery in Russia's Tyumen region, indicating a more aggressive strategy in counterattacks aimed at undermining Russian energy infrastructure, despite failed diplomatic efforts for a ceasefire.
See More
Comparing Value: Lockheed Martin vs. RTX
- Revenue Growth Comparison: Lockheed Martin reported $75.1 billion in revenue for FY 2025, reflecting a 5.7% increase, while RTX achieved $88.6 billion, marking approximately 9.8% growth, indicating RTX's robust performance in a diversified market.
- Profit and Cash Flow: Lockheed Martin generated over $5 billion in net income with free cash flow of $6.9 billion, despite a debt-to-equity ratio of 3.2x, as its long-term F-35 contracts provide stable revenue streams.
- Market Risks and Opportunities: Lockheed Martin faces risks from shifting U.S. government budget priorities and a $4.25 billion lawsuit from SDR Group, while RTX struggles with global supply chain constraints and labor shortages, impacting production efficiency.
- Investment Value Assessment: Although Lockheed Martin trades at a lower earnings multiple than RTX, its slightly lower net margin suggests that, in the current geopolitical environment, Lockheed Martin may represent a more attractive investment choice.
See More
Value Comparison Between Lockheed Martin and RTX
- Financial Performance Comparison: Lockheed Martin's FY 2025 revenue reached approximately $75.1 billion, reflecting a 5.7% growth with a net income exceeding $5 billion, showcasing strong performance in defense, particularly with the F-35 program contributing 27% of total sales, ensuring long-term revenue stability.
- Market Share and Risks: RTX achieved $88.6 billion in revenue for FY 2025, a 9.8% increase, with a net income of around $6.7 billion and nearly 47% of sales from international customers, indicating broad global reach, but it faces challenges from global supply chain constraints and labor shortages.
- Debt and Cash Flow Status: Lockheed Martin's debt-to-equity ratio stands at 3.2x with free cash flow of $6.9 billion, indicating a higher reliance on borrowing; in contrast, RTX's ratio is 0.6x with free cash flow of $7.94 billion, reflecting a more stable financial position.
- Valuation Comparison: Lockheed Martin trades at a forward P/E of 17x, significantly lower than RTX's 26.7x, and while its net margin is slightly lower, it presents a more attractive price-to-earnings ratio, making it appealing for long-term investors.
See More
Investment Value Comparison: Lockheed Martin vs. RTX
- Market Position of Lockheed Martin: In FY 2025, Lockheed Martin reported revenues of $75.1 billion, reflecting a 5.7% increase, with the F-35 program contributing nearly 27% of total sales, underscoring its strong influence and stability in the defense sector.
- Diversification Advantage of RTX: RTX achieved revenues of $88.6 billion in FY 2025, growing approximately 9.8%, with international customers accounting for nearly 47%, indicating its broad coverage in both commercial and government aviation markets, thereby reducing reliance on any single government program.
- Risks and Challenges: Lockheed Martin faces risks from shifting U.S. government budget priorities and ongoing cost overruns and technical performance issues related to the F-35 program, while RTX must navigate rising production costs due to global supply chain constraints and labor shortages.
- Valuation Comparison: Lockheed Martin's forward P/E ratio stands at 17x, significantly lower than RTX's 26.7x, and while its net margin is slightly lower, Lockheed Martin is viewed as a more attractive investment choice when considering price versus value.
See More
