Lockheed Martin (NYSE:LMT) Upgraded by Alembic Global Advisors to Overweight Rating

Key Points

• Lockheed Martin has received an upgrade from a "neutral" to an "overweight" rating by Alembic Global Advisors, highlighting positive momentum for the stock.
• Despite the upgrade, Royal Bank of Canada and other firms have set price objectives lower than current levels, indicating mixed sentiment among analysts regarding future performance.
• Lockheed Martin reported earnings per share of $7.29 for the last quarter, surpassing expectations, and has projected a FY 2025 EPS guidance between $21.700 to $22.000.

Lockheed Martin (NYSE:LMT - Get Free Report) was upgraded by equities researchers at Alembic Global Advisors from a "neutral" rating to an "overweight" rating in a research report issued to clients and investors on Thursday, MarketBeat reports.

LMT has been the topic of several other research reports. Truist Financial downgraded Lockheed Martin from a "buy" rating to a "hold" rating and dropped their price target for the company from $554.00 to $440.00 in a research note on Wednesday, July 23rd. Bank of America lowered their target price on Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating on the stock in a research report on Thursday, August 21st. Royal Bank Of Canada lowered their target price on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating on the stock in a research report on Wednesday, July 23rd. TD Cowen reaffirmed a "hold" rating and issued a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Finally, Cowen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat, Lockheed Martin currently has an average rating of "Hold" and a consensus price target of $506.35.

Lockheed Martin Stock Down 0.1%

Shares of LMT traded down $0.60 during midday trading on Thursday, hitting $455.58. The stock had a trading volume of 1,371,987 shares, compared to its average volume of 1,529,966. The company has a 50 day simple moving average of $446.99 and a two-hundred day simple moving average of $456.60. Lockheed Martin has a twelve month low of $410.11 and a twelve month high of $618.95. The firm has a market cap of $106.36 billion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 1.60 and a beta of 0.27. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83.

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

Hedge Funds Weigh In On Lockheed Martin

A number of institutional investors have recently bought and sold shares of the business. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Lockheed Martin during the second quarter worth approximately $28,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Lockheed Martin during the second quarter worth approximately $29,000. TruNorth Capital Management LLC bought a new stake in shares of Lockheed Martin during the first quarter worth approximately $31,000. Frazier Financial Advisors LLC bought a new stake in shares of Lockheed Martin during the second quarter worth approximately $34,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Lockheed Martin during the fourth quarter worth approximately $35,000. 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.