Lockheed Martin Stock Drops 3.1% on Monday

Aerospace and defense giant faces market pressure despite strong financials

Apr. 1, 2026 at 10:38pm

Got story updates? Submit your updates here. ›

Shares of Lockheed Martin Corporation (NYSE:LMT) fell 3.1% on Monday, trading as low as $593.88 before closing at $596.97. The decline came on trading volume of 1.8 million shares, down 2% from the company's average daily volume. Analysts have a mixed outlook on the stock, with 7 buy ratings, 13 hold ratings, and 1 sell rating.

Why it matters

Lockheed Martin is one of the world's largest defense contractors, with a diverse portfolio spanning military aircraft, missile systems, space technologies, and more. Its stock performance is closely watched as an indicator of broader trends in the aerospace and defense industry, as well as investor sentiment around government spending and geopolitical factors.

The details

The 3.1% drop in Lockheed Martin's stock price on Monday came despite the company's generally positive financial outlook. Analysts have a consensus price target of $634.74 on the stock, with a range of $464 to $735. Recent analyst actions include UBS Group raising its price target to $663 and maintaining a 'neutral' rating, while DZ Bank downgraded the stock to 'hold' and set a $665 target price.

  • Lockheed Martin's stock price fell 3.1% on Monday, April 1, 2026.
  • The stock traded as low as $593.88 and closed at $596.97 on the day.

The players

Lockheed Martin Corporation

A global aerospace and defense company that designs, develops, and manufactures advanced technology systems for government and commercial customers. It is one of the world's largest defense contractors.

UBS Group

A global financial services firm that raised its price target on Lockheed Martin to $663 and maintained a 'neutral' rating on the stock.

DZ Bank

A German bank that downgraded Lockheed Martin from 'buy' to 'hold' and set a $665 price target on the stock.

Got photos? Submit your photos here. ›

What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee

The takeaway

Lockheed Martin's stock decline reflects broader market volatility and mixed analyst sentiment, but the company's diverse portfolio and strong government contracts suggest it remains a key player in the aerospace and defense industry.