Lockheed Martin (NYSE:LMT) Stock Price Up 2% - Here's Why

Key Points

• Lockheed Martin's stock price increased by 2% to $514.46 following positive analyst ratings, although trading volume was 14% lower than average.
• Several analysts have shifted their ratings on Lockheed Martin, with an upgrade from Alembic Global Advisors to "overweight" and a target price increase from Robert W. Baird to $550.00.
• The company's recent quarterly earnings report showed an EPS of $7.29, exceeding estimates, while revenues were slightly below projections at $18.16 billion.

Shares of Lockheed Martin Corporation (NYSE:LMT - Get Free Report) were up 2% during trading on Monday . The stock traded as high as $515.43 and last traded at $514.46. Approximately 1,387,801 shares traded hands during trading, a decline of 14% from the average daily volume of 1,617,761 shares. The stock had previously closed at $504.49.

Analyst Ratings Changes

LMT has been the topic of several research reports. Alembic Global Advisors raised Lockheed Martin from a "neutral" rating to an "overweight" rating in a report on Thursday, August 28th. JPMorgan Chase & Co. decreased their target price on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Robert W. Baird upped their target price on Lockheed Martin from $500.00 to $550.00 and gave the company an "outperform" rating in a report on Monday. Vertical Research reiterated a "hold" rating and issued a $460.00 price target on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Finally, TD Cowen restated a "hold" rating and set a $480.00 price objective (down previously from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $497.13.

Lockheed Martin Price Performance

The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The stock has a 50-day simple moving average of $457.74 and a 200 day simple moving average of $461.18. The stock has a market capitalization of $120.11 billion, a price-to-earnings ratio of 28.97, a price-to-earnings-growth ratio of 1.77 and a beta of 0.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.59 billion. During the same period in the prior year, the firm earned $7.11 earnings per share. The firm's revenue was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, equities research analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Lockheed Martin

Hedge funds and other institutional investors have recently made changes to their positions in the company. Destiny Wealth Partners LLC raised its position in Lockheed Martin by 14.2% during the third quarter. Destiny Wealth Partners LLC now owns 812 shares of the aerospace company's stock valued at $405,000 after acquiring an additional 101 shares in the last quarter. ARS Wealth Advisors Group LLC increased its stake in shares of Lockheed Martin by 0.5% during the 3rd quarter. ARS Wealth Advisors Group LLC now owns 15,426 shares of the aerospace company's stock worth $7,701,000 after purchasing an additional 82 shares during the last quarter. Old Port Advisors raised its holdings in shares of Lockheed Martin by 39.9% during the 3rd quarter. Old Port Advisors now owns 3,168 shares of the aerospace company's stock valued at $1,581,000 after purchasing an additional 904 shares in the last quarter. Collective Family Office LLC lifted its stake in shares of Lockheed Martin by 4.6% in the 3rd quarter. Collective Family Office LLC now owns 527 shares of the aerospace company's stock valued at $263,000 after purchasing an additional 23 shares during the last quarter. Finally, Gradient Investments LLC lifted its stake in shares of Lockheed Martin by 1.0% in the 3rd quarter. Gradient Investments LLC now owns 12,079 shares of the aerospace company's stock valued at $6,030,000 after purchasing an additional 118 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

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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