Lockheed Martin (NYSE:LMT) Price Target Lowered to $492.00 at Deutsche Bank Aktiengesellschaft

Lockheed Martin (NYSE:LMT) had its price target dropped by analysts at Deutsche Bank Aktiengesellschaft from $517.00 to $492.00 in a research report issued on Wednesday,MarketScreener reports. The brokerage presently has a “hold” rating on the aerospace company’s stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 2.49% from the company’s previous close.

Several other equities research analysts also recently issued reports on LMT. Wall Street Zen downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. Sanford C. Bernstein boosted their price objective on shares of Lockheed Martin from $497.00 to $545.00 and gave the company a “market perform” rating in a research report on Monday, October 20th. BNP Paribas Exane began coverage on shares of Lockheed Martin in a research report on Tuesday, November 18th. They set an “outperform” rating and a $550.00 price target on the stock. Finally, Royal Bank Of Canada upped their target price on Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $508.72.

Lockheed Martin Trading Up 1.1%

Shares of Lockheed Martin stock traded up $5.15 during trading hours on Wednesday, hitting $480.03. The company’s stock had a trading volume of 1,383,011 shares, compared to its average volume of 1,321,043. The company has a market capitalization of $111.08 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 1.37 and a beta of 0.24. Lockheed Martin has a 12 month low of $410.11 and a 12 month high of $516.00. The stock has a 50 day moving average of $476.03 and a 200 day moving average of $465.68. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97.

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

Insiders Place Their Bets

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of Lockheed Martin stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total value of $3,826,183.68. Following the transaction, the chief operating officer owned 1 shares in the company, valued at $491.04. The trade was a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by insiders.

Hedge Funds Weigh In On Lockheed Martin

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Lockheed Martin by 1.0% during the second quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company’s stock worth $10,048,993,000 after buying an additional 214,565 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Lockheed Martin by 0.4% in the second quarter. Geode Capital Management LLC now owns 4,884,954 shares of the aerospace company’s stock worth $2,256,147,000 after purchasing an additional 19,459 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Lockheed Martin by 3.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,384,753 shares of the aerospace company’s stock worth $1,190,493,000 after acquiring an additional 79,491 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Lockheed Martin by 1.4% in the 1st quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company’s stock worth $1,021,846,000 after buying an additional 31,443 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Lockheed Martin by 4.2% in the third quarter. Invesco Ltd. now owns 2,196,058 shares of the aerospace company’s stock worth $1,096,294,000 after purchasing an additional 87,663 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

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.