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Lockheed Martin (LMT) Stock Analysis

Industrials Updated September 06, 2026
$525.29
52W $437.25 – $692.00
55/100
$121.23B
19.3
0.10
AI Committee Verdict
Watch
55/100
Conviction: Contested · 50% agreement · 6 analysts
+4.9%
-4.7%
1.03:1
Contested

Is LMT Bullish or Bearish?

Mixed. Innellis AI committee rates Lockheed Martin (LMT) Watch with a composite score of 55/100 , based on 6 analysts with 50% agreement. Last updated September 06, 2026.

What Would Change This View

Upgrade to Buy
Requires a committee score of 60.0 — +4.56 from today. Applies on the first day at or above the line; upgrades are never dampened.
Downgrade to Reduce
Requires the score to fall below 40.0 — -15.44 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.

Executive Summary

The committee is genuinely divided. Macro Analyst sees a compelling case — vix regime is low -- calm backdrop supports risk-taking. Risk Analyst remains cautious — high leverage (debt-to-equity 3.23) amplifies downside in a stress scenario. This disagreement is itself the signal — the setup is not clean in either direction.

Bull & Bear Case

Bull Case
  • ROE of 86.2% shows genuine earnings power backing the valuation — Value
  • Dividend yield of 2.8% pays you to wait — Value
  • EPS growing 52.8% YoY — Growth
  • Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
  • VIX regime is low -- calm backdrop supports risk-taking — Macro
Bear Case
  • Price-to-book of 16.7x prices in significant intangible value — Value
  • Debt-to-equity of 3.23 adds balance-sheet risk to the value case — Value
  • RSI at 21 is in oversold territory (could mean either capitulation or a bounce setup) — Technical
  • MACD histogram negative -- bearish momentum — Technical
  • High leverage (debt-to-equity 3.23) amplifies downside in a stress scenario — Risk
  • Bollinger bandwidth of 18.7% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or forward-looking judgement. They summarise what the numbers say today.
Price History (6M)

AI Investment Committee

Committee Consensus As of September 06, 2026
Overall Committee Score
55/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 77%
of 226 Industrials peers
Value Analyst neutral
50 / 100 · High confidence
Fair value -- neither a bargain nor obviously overpriced
+ ROE of 86.2% shows genuine earnings power backing the valuation
− Price-to-book of 16.7x prices in significant intangible value
Growth Analyst bullish
70 / 100 · High confidence
Strong, accelerating growth with consistent execution
+ EPS growing 52.8% YoY
Technical Analyst bearish
38 / 100 · High confidence
Price action is deteriorating -- trend and/or momentum are working against this name
− RSI at 21 is in oversold territory (could mean either capitulation or a bounce setup)
Risk Analyst bearish
32 / 100 · Moderate confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− High leverage (debt-to-equity 3.23) amplifies downside in a stress scenario
Macro Analyst bullish
80 / 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ VIX regime is low -- calm backdrop supports risk-taking
News Analyst bullish
62 / 100 · Low confidence
News flow and recent filings/analyst actions are net positive
Portfolio Manager neutral
45 / 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 2704.43)
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Investment Thesis Evolution

Committee score moved marginally from 55.4 to 55.4.

Comparing 2026-09-05 to 2026-09-06 (1 day apart).

Technical Analysis

RSI (14)
20.7
Oversold
MACD Histogram
-7.452
Bearish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Mixed
Support
$500.48
Resistance
$550.80
Bollinger %B
0.06
Inside Bands
Price vs Moving Averages
EMA 9
$547.07 Below
EMA 21
$559.67 Below
EMA 50
$557.97 Below
EMA 200
$546.26 Below

Fundamental Analysis

Valuation
61
Growth
82
Profitability
56
Financial Health
20
Cash Flow
70
Valuation
P/E Ratio 19.3×
P/B Ratio 13.79×
PEG Ratio 0.36
Dividend Yield 2.63%
52W High $692.00
52W Low $437.25
Quality & Growth
ROE 7464.7%
ROA 838.4%
Gross Margin 1179.7%
Operating Margin 1188.3%
Revenue Growth YoY
Debt / Equity 2.34
AI Fundamental Assessment
P/E ratio of 19.3 (inexpensive relative to a 15-40x range); Price-to-book of 13.8x; PEG ratio of 0.4 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 74.6%; Return on assets of 8.4%; Net margin of 8.2%; Gross margin of 11.8%; Current ratio of 1.19 (tight short-term liquidity); Debt-to-equity of 2.34; Free cash flow per share is positive (37.92); Most recent quarter beat estimates by 10.5%; EPS growth accelerating (-13.3% -> +23.3% QoQ); Average YoY EPS growth of 8.9%; Analyst estimates rising over recent quarters
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