Lockheed Martin (NYSE:LMT – Get Free Report) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.
A number of other brokerages also recently commented on LMT. Weiss Ratings raised shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Morgan Stanley raised their target price on shares of Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. UBS Group reiterated a “neutral” rating and set a $581.00 price target on shares of Lockheed Martin in a report on Friday, July 24th. Finally, Robert W. Baird set a $700.00 price target on Lockheed Martin in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $632.39.
View Our Latest Stock Analysis on Lockheed Martin
Lockheed Martin Trading Down 0.0%
Lockheed Martin (NYSE:LMT – Get Free Report) last released its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, beating the consensus estimate of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The business had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $19.34 billion. During the same period last year, the business earned $1.46 earnings per share. The firm’s revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, equities research analysts anticipate that Lockheed Martin will post 30.39 EPS for the current fiscal year.
Hedge Funds Weigh In On Lockheed Martin
Several large investors have recently modified their holdings of the stock. IAG Wealth Partners LLC raised its holdings in Lockheed Martin by 4,800.0% in the 1st quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 48 shares during the period. Burnham & Co LLC acquired a new stake in Lockheed Martin during the second quarter worth approximately $25,000. United Financial Planning Group LLC bought a new stake in shares of Lockheed Martin during the third quarter worth approximately $25,000. Basso Capital Management L.P. bought a new stake in shares of Lockheed Martin during the fourth quarter worth approximately $25,000. Finally, Field & Main Bank acquired a new position in shares of Lockheed Martin in the second quarter valued at approximately $26,000. 74.19% of the stock is owned by institutional investors.
About Lockheed Martin
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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