Lockheed Martin (NYSE:LMT) Shares Down 3.9% After Analyst Downgrade

Key Points

• Shares of Lockheed Martin fell 3.9% after DZ Bank downgraded the stock from Buy to Hold (DZ Bank price target $665), with the stock trading as low as $596.23 and volume about 16% above average.
• Sell‑side sentiment is a consensus Hold (5 Buy, 15 Hold, 1 Sell) with a consensus price target of $604.22.
• In the latest quarter Lockheed reported an EPS miss of $5.80 versus $6.33 expected, while revenue beat at $20.32 billion (vs. $19.84 billion), up 9.1% year‑over‑year.

Lockheed Martin Corporation (NYSE:LMT - Get Free Report) was down 3.9% during trading on Wednesday after DZ Bank downgraded the stock from a buy rating to a hold rating. DZ Bank now has a $665.00 price target on the stock. Lockheed Martin traded as low as $596.23 and last traded at $603.61. Approximately 2,624,107 shares changed hands during trading, an increase of 16% from the average daily volume of 2,263,005 shares. The stock had previously closed at $628.26.

Several other research analysts have also recently weighed in on LMT. TD Cowen increased their price objective on Lockheed Martin from $600.00 to $670.00 and gave the stock a "hold" rating in a research report on Friday, January 30th. Jefferies Financial Group boosted their price objective on shares of Lockheed Martin from $540.00 to $630.00 and gave the company a "hold" rating in a report on Sunday. UBS Group raised their target price on shares of Lockheed Martin from $580.00 to $663.00 and gave the stock a "neutral" rating in a report on Monday. The Goldman Sachs Group lifted their price target on shares of Lockheed Martin from $464.00 to $517.00 and gave the company a "sell" rating in a research report on Monday. Finally, Citigroup increased their price target on Lockheed Martin from $505.00 to $592.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 13th. Five equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $604.22.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. United Financial Planning Group LLC acquired a new position in Lockheed Martin during the 3rd quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC increased its holdings in shares of Lockheed Martin by 285.7% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company's stock worth $27,000 after buying an additional 40 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in shares of Lockheed Martin during the third quarter worth $27,000. Mid American Wealth Advisory Group Inc. bought a new position in shares of Lockheed Martin in the 2nd quarter valued at $28,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Lockheed Martin during the 2nd quarter valued at $29,000. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Price Performance

The business has a 50-day moving average of $516.90 and a two-hundred day moving average of $483.27. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05. The firm has a market cap of $138.88 billion, a P/E ratio of 28.09, a price-to-earnings-growth ratio of 1.80 and a beta of 0.23.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing analysts' consensus estimates of $6.33 by ($0.53). Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The firm had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same period in the previous year, the business posted $7.67 earnings per share. The business's revenue for the quarter was up 9.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

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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