Citigroup Upgrades Lockheed Martin to 'Buy', Sets $582 Target
Citigroup has upgraded Lockheed Martin to a 'buy' with a new price target of $582, a 14.24% upside from the current price.
Key Points
- Citigroup analyst John Godyn upgraded Lockheed Martin to 'buy' with a $582 target on July 1, 2026.
- Citigroup's $582 price target implies 14.24% upside from Lockheed Martin Corporation's ($LMT) current $509.46 share price.
- Lockheed Martin shares traded near $509.46 on Wednesday with a market cap of about $117.5 billion and a P/E ratio of 24.7.
- Insider trades included sales by Stephanie Hill, while peers like Vanguard opened new positions in Lockheed Martin.
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Citigroup has upgraded Lockheed Martin Corporation (NYSE: LMT) to a 'buy' rating, setting a new price target of $582. This upgrade was announced by analyst John Godyn on July 1, 2026.
Citigroup vs. the S&P 500
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Lockheed Martin Corporation Stock Down 9.6%
Shares of NYSE:LMT traded near $509.46 on Wednesday. Lockheed Martin has a market cap of approximately $117.5 billion, with a P/E ratio of 24.7 and a forward P/E of 15.9. The stock's 52-week range has been between $410.11 and $692.00. It has a 50-day moving average of $523.75 and a 200-day moving average of $539.70. The company's current ratio is 1.14, and its quick ratio is 0.91, with a debt-to-equity ratio of 276.37.
$LMT price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Lockheed Martin reported revenue of $75.1 billion, a slight growth of 0.3%. The company's net margin stands at 6.38%, with a return on equity of 67.64%. Earnings per share were $20.63. The next earnings report is expected on July 21, 2026.
Dividend
Lockheed Martin pays an annual dividend rate of $13.80, yielding 2.71%. The dividend payout ratio is 65.38%.
Insider Buying and Selling at Lockheed Martin Corporation
Insider transactions included Stephanie Hill, President of Rotary & Mission Systems, selling 368 shares on June 11, 2026. Vicki Hollub made several transactions, buying and selling 416 shares on April 1, 2026. Other insiders like David Burritt and John Donovan bought smaller quantities of shares in late March.
Analysts Set New Price Targets
On July 1, 2026, Citigroup upgraded Lockheed Martin to a 'buy' rating with a $582 price target. Previously, on May 18, 2026, Citigroup maintained a 'hold' rating with a $571 target. Other analysts like Morgan Stanley and RBC Capital have maintained 'hold' ratings with targets of $653 and $575, respectively. Overall, the consensus recommendation is 'hold', with a mean target price of $624.11 among 19 analysts.
About Lockheed Martin
Lockheed Martin Corporation, based in Bethesda, Maryland, is a major player in the aerospace and defense industry. The company engages in the research, design, and manufacture of technology systems and products, serving primarily the U.S. government and international customers. It operates through segments like Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Lockheed Martin is led by CEO James D. Taiclet Jr. and employs around 123,000 people.
Bottom Line
Citigroup's upgrade of Lockheed Martin to 'buy' with a $582 target reflects optimism about the company's future performance. Investors closely watch such analyst ratings as they can influence stock movements. It's important to remember that these ratings are based on Citigroup's analysis as of July 1, 2026, and may not reflect real-time changes in the market.
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