Lockheed Martin (NYSE:LMT) Upgraded by Wall Street Zen to Strong-Buy Rating

Key Points

• Wall Street Zen upgraded Lockheed Martin to “strong buy” from “buy,” while the broader analyst consensus remains “hold,” with an average price target of $632.39.
• Lockheed Martin shares opened at $563.82, with a market capitalization of $130.12 billion and a 52-week range of $437.25 to $692.00.
• The company exceeded quarterly expectations, reporting $7.94 in EPS versus $7.22 expected and $20.06 billion in revenue, up 10.5% year over year; institutional investors own 74.19% of its stock.

Lockheed Martin (NYSE:LMT - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued on Saturday.

Several other equities research analysts also recently weighed in on LMT. Weiss Ratings raised shares of Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 13th. JPMorgan Chase & Co. lowered their target price on shares of Lockheed Martin from $680.00 to $605.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 5th. TD Cowen dropped their price target on shares of Lockheed Martin from $600.00 to $560.00 and set a "hold" rating on the stock in a research report on Monday, July 13th. UBS Group reaffirmed a "neutral" rating and issued a $581.00 price target on shares of Lockheed Martin in a research note on Friday, July 24th. Finally, Jefferies Financial Group reiterated a "hold" rating on shares of Lockheed Martin in a report on Sunday, July 26th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $632.39.

Lockheed Martin Stock Down 0.4%

Shares of Lockheed Martin stock opened at $563.82 on Friday. The business's fifty day moving average price is $551.70 and its two-hundred day moving average price is $573.75. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. The company has a market capitalization of $130.12 billion, a P/E ratio of 20.78, a PEG ratio of 0.97 and a beta of 0.10. Lockheed Martin has a 1-year low of $437.25 and a 1-year high of $692.00.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.22 by $0.72. The company had revenue of $20.06 billion during the quarter, compared to analysts' expectations of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The company's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, research analysts forecast that Lockheed Martin will post 30.39 EPS for the current year.

Hedge Funds Weigh In On Lockheed Martin

Several hedge funds have recently made changes to their positions in the business. Brighton Jones LLC lifted its position in shares of Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock valued at $1,941,000 after acquiring an additional 191 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Lockheed Martin by 5.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company's stock worth $451,000 after acquiring an additional 50 shares during the last quarter. Schnieders Capital Management LLC. grew its holdings in shares of Lockheed Martin by 17.3% in the 2nd quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company's stock worth $676,000 after acquiring an additional 215 shares during the last quarter. Gamco Investors INC. ET AL raised its position in shares of Lockheed Martin by 36.0% during the second quarter. Gamco Investors INC. ET AL now owns 2,250 shares of the aerospace company's stock worth $1,042,000 after purchasing an additional 595 shares during the period. Finally, Sei Investments Co. raised its position in shares of Lockheed Martin by 18.2% during the second quarter. Sei Investments Co. now owns 86,569 shares of the aerospace company's stock worth $40,092,000 after purchasing an additional 13,300 shares during the period. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Company Profile

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source