Lockheed Martin (NYSE:LMT) Stock Price Target Lowered at TD Cowen

Key Points

• TD Cowen lowered Lockheed Martin’s price target from $600 to $570 while maintaining a “Hold” rating, implying approximately 12% upside from the prior close.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and average price target of $634.50; the stock recently traded near $508.90.
• Lockheed Martin beat quarterly expectations with $7.94 in EPS and $20.06 billion in revenue, while revenue rose 10.5% year over year and institutional investors own 74.19% of shares.

Lockheed Martin (NYSE:LMT - Get Free Report) had its price target dropped by TD Cowen from $600.00 to $570.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a "hold" rating on the aerospace company's stock. TD Cowen's target price would suggest a potential upside of 12.01% from the stock's previous close.

LMT has been the subject of a number of other reports. Royal Bank Of Canada lifted their price target on shares of Lockheed Martin from $575.00 to $600.00 and gave the stock a "sector perform" rating in a report on Friday, July 24th. Wall Street Zen raised shares of Lockheed Martin from a "buy" rating to a "strong-buy" rating in a research note on Sunday, September 20th. Jefferies Financial Group reiterated a "hold" rating on shares of Lockheed Martin in a report on Wednesday, September 2nd. Barclays initiated coverage on shares of Lockheed Martin in a research report on Thursday. They issued an "equal weight" rating and a $554.00 target price on the stock. Finally, Wells Fargo & Company set a $600.00 target price on shares of Lockheed Martin in a report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $634.50.

Lockheed Martin Price Performance

Lockheed Martin stock traded up $1.01 during midday trading on Friday, reaching $508.90. The company's stock had a trading volume of 270,438 shares, compared to its average volume of 1,443,823. The firm has a market capitalization of $117.45 billion, a PE ratio of 18.78, a P/E/G ratio of 1.08 and a beta of 0.09. Lockheed Martin has a fifty-two week low of $437.25 and a fifty-two week high of $692.00. The stock's 50 day simple moving average is $549.35 and its 200 day simple moving average is $547.40. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $19.34 billion. During the same quarter last year, the firm posted $1.46 EPS. The business's revenue was up 10.5% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, equities research analysts forecast that Lockheed Martin will post 30.44 earnings per share for the current year.

Institutional Trading of Lockheed Martin

Several hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC increased its holdings in shares of Lockheed Martin by 5.4% during the 1st quarter. SG Americas Securities LLC now owns 276,383 shares of the aerospace company's stock worth $167,043,000 after purchasing an additional 14,150 shares during the period. Norris Financial Group LLC bought a new stake in shares of Lockheed Martin in the first quarter valued at about $2,321,000. Legal Advantage Investments Inc. bought a new stake in shares of Lockheed Martin in the first quarter valued at about $1,451,000. Talon Private Wealth LLC acquired a new stake in Lockheed Martin during the first quarter worth about $3,743,000. Finally, CX Institutional grew its position in Lockheed Martin by 527.4% during the third quarter. CX Institutional now owns 18,415 shares of the aerospace company's stock worth $9,378,000 after buying an additional 15,480 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

More Lockheed Martin News

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: Lockheed’s record backlog and raised full-year outlook are being cited as reasons the market may be undervaluing the company. At roughly 18 times trailing earnings, its valuation is below its recent quarter-end average, potentially supporting a recovery if execution improves. Is The Market Underpricing Lockheed Martin Stock?
• Positive Sentiment: UBS assigned Lockheed a $674 price target, with missile demand identified as a potential source of additional upside. The target is well above the recent trading range and could improve sentiment toward the shares. Lockheed Martin Gets $674 UBS Price Target
• Positive Sentiment: A Pentagon framework agreement is expected to accelerate production and deliveries of Lockheed’s AIM-260 Joint Advanced Tactical Missile. The program could provide multiyear revenue visibility and support longer-term growth in the missiles business. Can Lockheed Martin’s AIM-260 Missile Deliver Multiyear Growth?
• Positive Sentiment: Rothschild & Co. initiated coverage with a Buy rating, while other analyses argue that missile growth, margin recovery and Lockheed’s sizable backlog could improve the earnings outlook. Rothschild Initiates Coverage With Buy
• Neutral Sentiment: A Zacks report identifies Lockheed as a potential earnings-estimate beater using its Earnings ESP methodology, but this is a predictive screening signal rather than a confirmed earnings result. These 2 Aerospace Stocks Could Beat Earnings
• Negative Sentiment: LMT recently underperformed the broader market and suffered a sharper single-session decline, reflecting continuing investor concerns despite its backlog and defense-demand opportunities. Lockheed Martin Suffers a Larger Drop Than the General Market

Lockheed Martin Company Profile

Lockheed Martin Corporation is a global aerospace, defense and technology company headquartered in Bethesda, Maryland. The company develops and produces advanced systems for government and commercial customers, with the U.S. Department of Defense and other U.S. government agencies representing its primary customers.

Its principal activities include the design and manufacture of military aircraft, missiles, air and missile defense systems, radar and sensor technologies, naval and rotary-wing systems, satellites, space exploration systems, and cybersecurity and information technology solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.