Lockheed Martin (NYSE:LMT) Lowered to "Buy" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Lockheed Martin from “strong buy” to “buy,” while the broader analyst consensus remains “hold” with an average price target of $632.39.
• Lockheed Martin shares opened at $608.21, up 1.7%, with a market capitalization of approximately $140.37 billion and a 52-week range of $436.46 to $692.00.
• The company exceeded quarterly expectations, reporting $7.94 in EPS and $20.06 billion in revenue, representing 10.5% year-over-year growth; institutional investors own 74.19% of its shares.

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

A number of other analysts have also commented on LMT. DZ Bank raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft dropped their target price on Lockheed Martin from $615.00 to $575.00 and set a "hold" rating on the stock in a report on Friday, April 24th. Weiss Ratings raised Lockheed Martin from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 31st. Sanford C. Bernstein reiterated a "market perform" rating on shares of Lockheed Martin in a report on Friday, May 29th. Finally, JPMorgan Chase & Co. lowered their price target on Lockheed Martin from $680.00 to $605.00 and set a "neutral" rating for the company in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $632.39.

Lockheed Martin Stock Up 1.7%

Shares of NYSE LMT opened at $608.21 on Friday. The stock has a market capitalization of $140.37 billion, a P/E ratio of 22.42, a P/E/G ratio of 1.03 and a beta of 0.10. The company has a 50-day moving average price of $542.51 and a 200-day moving average price of $576.46. Lockheed Martin has a 1 year low of $436.46 and a 1 year high of $692.00. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping the consensus estimate of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The company had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $19.34 billion. During the same period in the previous year, the firm posted $1.46 earnings per share. The firm's revenue for the quarter was up 10.5% on a year-over-year basis. 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 30.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Lockheed Martin

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Basso Capital Management L.P. purchased a new position in Lockheed Martin in the fourth quarter worth $25,000. Burnham & Co LLC bought a new position in Lockheed Martin in the 2nd quarter valued at $25,000. United Financial Planning Group LLC purchased a new stake in shares of Lockheed Martin during the 3rd quarter valued at $25,000. Clarity Asset Management Inc. purchased a new stake in shares of Lockheed Martin during the 4th quarter valued at $26,000. Finally, Triumph Capital Management raised its stake in shares of Lockheed Martin by 66.7% during the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company's stock worth $26,000 after purchasing an additional 22 shares during the period. Hedge funds and other institutional investors 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.

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