BNP Paribas Exane Lowers Lockheed Martin (NYSE:LMT) Price Target to $680.00

Lockheed Martin (NYSE:LMTGet Free Report) had its price target lowered by investment analysts at BNP Paribas Exane from $770.00 to $680.00 in a report released on Friday,MarketScreener reports. The firm presently has an “outperform” rating on the aerospace company’s stock. BNP Paribas Exane’s target price points to a potential upside of 32.61% from the company’s current price.

A number of other analysts have also recently commented on LMT. Susquehanna dropped their price objective on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a research report on Friday. Citigroup raised their price target on Lockheed Martin from $673.00 to $675.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 1st. Morgan Stanley decreased their price target on Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating on the stock in a research note on Friday. The Goldman Sachs Group raised their price target on Lockheed Martin from $464.00 to $517.00 and gave the stock a “sell” rating in a research note on Monday, February 2nd. Finally, Royal Bank Of Canada decreased their price target on Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating on the stock in a research note on Friday. Seven investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and an average target price of $632.32.

Read Our Latest Stock Analysis on Lockheed Martin

Lockheed Martin Price Performance

Lockheed Martin stock traded down $17.00 during midday trading on Friday, reaching $512.79. 310,120 shares of the company were exchanged, compared to its average volume of 1,742,698. The company has a market capitalization of $118.18 billion, a price-to-earnings ratio of 23.90, a P/E/G ratio of 0.99 and a beta of 0.23. The firm’s 50-day simple moving average is $631.13 and its 200-day simple moving average is $552.93. Lockheed Martin has a 1 year low of $410.11 and a 1 year high of $692.00. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.94 and a current ratio of 1.09.

Lockheed Martin (NYSE:LMTGet Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). The company had revenue of $18.02 billion for the quarter, compared to analysts’ expectations of $18.38 billion. Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, analysts anticipate that Lockheed Martin will post 29.97 EPS for the current year.

Institutional Trading of Lockheed Martin

A number of hedge funds have recently added to or reduced their stakes in LMT. Diamant Asset Management Inc. lifted its stake in shares of Lockheed Martin by 60,339.0% in the 1st quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company’s stock valued at $531,493,000 after purchasing an additional 877,932 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Lockheed Martin by 107.3% in the 4th quarter. AQR Capital Management LLC now owns 1,293,823 shares of the aerospace company’s stock valued at $625,784,000 after purchasing an additional 669,604 shares in the last quarter. Morgan Stanley lifted its stake in shares of Lockheed Martin by 10.1% in the 4th quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock valued at $2,770,729,000 after purchasing an additional 527,523 shares in the last quarter. Sanders Capital LLC acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at about $252,699,000. Finally, Corient Private Wealth LLC lifted its stake in shares of Lockheed Martin by 203.3% in the 4th quarter. Corient Private Wealth LLC now owns 560,363 shares of the aerospace company’s stock valued at $271,031,000 after purchasing an additional 375,622 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

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About Lockheed Martin

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Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.

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Analyst Recommendations for Lockheed Martin (NYSE:LMT)

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