Lockheed Martin (NYSE:LMT) Given New $700.00 Price Target at Susquehanna

Lockheed Martin (NYSE:LMTGet Free Report) had its target price cut by stock analysts at Susquehanna from $740.00 to $700.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “positive” rating on the aerospace company’s stock. Susquehanna’s target price would suggest a potential upside of 32.01% from the stock’s current price.

A number of other research analysts have also recently issued reports on LMT. Jefferies Financial Group lifted their price objective on Lockheed Martin from $630.00 to $640.00 and gave the company a “hold” rating in a research note on Tuesday, April 7th. Robert W. Baird lifted their price target on Lockheed Martin from $550.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, January 16th. Truist Financial upped their price target on shares of Lockheed Martin from $605.00 to $695.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Wall Street Zen cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 22nd. Finally, The Goldman Sachs Group increased their target price on Lockheed Martin from $464.00 to $517.00 and gave the company a “sell” rating in a research note on Monday, February 2nd. Seven equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and a consensus target price of $644.05.

View Our Latest Stock Analysis on Lockheed Martin

Lockheed Martin Trading Down 4.5%

NYSE:LMT opened at $530.27 on Friday. The firm has a market capitalization of $122.21 billion, a P/E ratio of 24.68, a PEG ratio of 0.99 and a beta of 0.23. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.09 and a quick ratio of 0.94. Lockheed Martin has a one year low of $410.11 and a one year high of $692.00. The company’s 50-day simple moving average is $631.13 and its 200 day simple moving average is $552.93.

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

Institutional Trading of Lockheed Martin

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its stake in shares of Lockheed Martin by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company’s stock worth $4,178,399,000 after purchasing an additional 114,900 shares during the period. Morgan Stanley raised its position in Lockheed Martin by 10.1% in the 4th quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock worth $2,770,729,000 after purchasing an additional 527,523 shares during the period. Wellington Management Group LLP lifted its stake in Lockheed Martin by 3.4% in the third quarter. Wellington Management Group LLP now owns 2,384,753 shares of the aerospace company’s stock worth $1,190,493,000 after purchasing an additional 79,491 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Lockheed Martin by 4.2% during the 3rd quarter. Invesco Ltd. now owns 2,196,058 shares of the aerospace company’s stock worth $1,096,294,000 after acquiring an additional 87,663 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Lockheed Martin by 0.6% in the 4th quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company’s stock valued at $807,866,000 after buying an additional 10,349 shares during the period. Institutional investors own 74.19% of the company’s stock.

Key Lockheed Martin News

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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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