Lockheed Martin (NYSE:LMT) Stock Rating Upgraded by BNP Paribas

Lockheed Martin (NYSE:LMT) was upgraded by investment analysts at BNP Paribas to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other research firms also recently commented on LMT. Bank of America dropped their price objective on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research note on Thursday, August 21st. Truist Financial boosted their price target on Lockheed Martin from $440.00 to $500.00 and gave the company a “hold” rating in a research report on Wednesday, October 15th. UBS Group cut their price objective on Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating on the stock in a report on Wednesday, October 22nd. Morgan Stanley increased their target price on shares of Lockheed Martin from $530.00 to $630.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Finally, Alembic Global Advisors raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $513.47.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock traded down $3.46 during trading on Tuesday, hitting $466.45. 468,848 shares of the company were exchanged, compared to its average volume of 1,572,242. Lockheed Martin has a fifty-two week low of $410.11 and a fifty-two week high of $546.00. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. The firm has a 50 day moving average price of $484.94 and a 200 day moving average price of $466.96. The stock has a market capitalization of $107.93 billion, a price-to-earnings ratio of 26.09, a P/E/G ratio of 1.69 and a beta of 0.25.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.33 by $0.62. The company had revenue of $18.61 billion for the quarter, compared to analysts’ expectations of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, equities analysts expect that Lockheed Martin will post 27.15 earnings per share for the current fiscal year.

Insider Transactions at Lockheed Martin

In other news, COO John Frank A. St sold 7,792 shares of the firm’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the completion of the transaction, the chief operating officer owned 1 shares in the company, valued at approximately $491.04. This trade represents a 99.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On Lockheed Martin

Several institutional investors have recently made changes to their positions in LMT. United Financial Planning Group LLC acquired a new position in shares of Lockheed Martin during the 3rd quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC increased its position in shares of Lockheed Martin by 285.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 40 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Lockheed Martin during the third quarter worth approximately $27,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Lockheed Martin in the 2nd quarter worth approximately $28,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Lockheed Martin during the 2nd quarter valued at $29,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Company Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.