Lockheed Martin (NYSE:LMT) Price Target Lowered to $513.00 at UBS Group

Key Points

• UBS Group has lowered Lockheed Martin's price target from $514.00 to $513.00 while maintaining a "neutral" rating, suggesting a potential upside of 5.39% from its current price.
• Institutional investors hold 74.19% of Lockheed Martin's stock, with significant stakes added by Vanguard Group and Charles Schwab Investment Management.
• The company reported an earnings per share (EPS) of $6.95, exceeding analyst expectations, with revenue increasing by 8.8% year-over-year.

Lockheed Martin (NYSE:LMT - Get Free Report) had its target price dropped by investment analysts at UBS Group from $514.00 to $513.00 in a report released on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the aerospace company's stock. UBS Group's price objective suggests a potential upside of 5.39% from the company's current price.

LMT has been the subject of several other reports. Morgan Stanley lifted their price objective on shares of Lockheed Martin from $530.00 to $630.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 15th. Royal Bank Of Canada boosted their price objective on shares of Lockheed Martin from $440.00 to $525.00 and gave the stock a "sector perform" rating in a research report on Tuesday, October 7th. Cowen downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. TD Cowen reiterated a "hold" rating and set a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Finally, Robert W. Baird upped their price objective on shares of Lockheed Martin from $500.00 to $550.00 and gave the company an "outperform" rating in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $513.47.

Lockheed Martin Stock Down 0.6%

Shares of LMT traded down $2.74 during mid-day trading on Wednesday, hitting $486.76. 1,725,401 shares of the company's stock were exchanged, compared to its average volume of 1,605,563. The company has a market cap of $113.64 billion, a price-to-earnings ratio of 27.41, a P/E/G ratio of 1.78 and a beta of 0.28. Lockheed Martin has a fifty-two week low of $410.11 and a fifty-two week high of $582.18. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The stock's 50-day moving average is $474.67 and its 200-day moving average is $465.52.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, topping the consensus estimate of $6.33 by $0.62. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. During the same quarter in the previous year, the firm posted $6.84 earnings per share. The company's quarterly revenue was up 8.8% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, sell-side analysts anticipate that Lockheed Martin will post 27.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lockheed Martin

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Lockheed Martin by 1.0% during the second quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company's stock worth $10,048,993,000 after purchasing an additional 214,565 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Lockheed Martin by 7.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company's stock worth $3,587,444,000 after acquiring an additional 560,457 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Lockheed Martin by 0.4% in the second quarter. Geode Capital Management LLC now owns 4,884,954 shares of the aerospace company's stock valued at $2,256,147,000 after acquiring an additional 19,459 shares in the last quarter. Royal Bank of Canada increased its position in Lockheed Martin by 1.4% during the 1st quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company's stock worth $1,021,846,000 after purchasing an additional 31,443 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Lockheed Martin by 0.6% in the 1st quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company's stock valued at $958,116,000 after buying an additional 12,899 shares during the period. Institutional investors and hedge funds own 74.19% of the company's stock.

About Lockheed Martin

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.

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