Sanford C. Bernstein Lowers Lockheed Martin (NYSE:LMT) Price Target to $614.00

Lockheed Martin (NYSE:LMT) had its price objective decreased by Sanford C. Bernstein from $661.00 to $614.00 in a research report issued on Monday, Marketbeat.com reports. The brokerage presently has a “market perform” rating on the aerospace company’s stock. Sanford C. Bernstein’s price objective would indicate a potential upside of 18.59% from the stock’s previous close.

Several other brokerages also recently commented on LMT. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating on the stock in a research note on Friday, April 24th. TD Cowen cut their price target on shares of Lockheed Martin from $670.00 to $600.00 and set a “hold” rating for the company in a report on Friday, April 24th. BNP Paribas Exane reduced their price target on shares of Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. The Goldman Sachs Group upped their price objective on shares of 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 dropped their price objective on shares of Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating for the company in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $626.16.

Lockheed Martin Price Performance

NYSE LMT traded up $1.75 during trading on Monday, reaching $517.76. 64,565 shares of the company traded hands, compared to its average volume of 1,703,838. Lockheed Martin has a 1-year low of $410.11 and a 1-year high of $692.00. The company has a market cap of $119.37 billion, a price-to-earnings ratio of 25.11, a P/E/G ratio of 0.93 and a beta of 0.10. The stock’s 50 day moving average price is $590.88 and its two-hundred day moving average price is $555.16. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.94 and a current ratio of 1.14.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The company had revenue of $18.02 billion during the quarter, compared to analyst estimates of $18.38 billion. During the same period in the previous year, the company posted $7.28 earnings per share. The company’s quarterly revenue 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 anticipate that Lockheed Martin will post 29.88 EPS for the current year.

Hedge Funds Weigh In On Lockheed Martin

A number of institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its position in Lockheed Martin by 1.3% in 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 last quarter. Morgan Stanley increased 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 buying an additional 527,523 shares during the period. Wellington Management Group LLP raised its position in shares of Lockheed Martin by 3.4% during 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 acquiring an additional 79,491 shares during the last quarter. Invesco Ltd. raised its position in shares of Lockheed Martin by 4.2% during the third 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. lifted its stake in shares of Lockheed Martin by 0.6% during the fourth quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company’s stock valued at $807,866,000 after acquiring an additional 10,349 shares during the period. 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.