Lockheed Martin (NYSE:LMT) Trading Up 1.1% - What's Next?

Key Points

• Lockheed Martin's stock rose 1.1% to $504.69, with trading volume decreasing by 41% compared to its average daily volume.
• Analysts maintain a consensus rating of "Hold" for Lockheed Martin, with varying price targets ranging from $453 to $520.
• In its latest earnings report, Lockheed Martin exceeded EPS expectations with $7.29 per share, although revenue slightly fell short at $18.16 billion.

Lockheed Martin Corporation (NYSE:LMT - Get Free Report) was up 1.1% on Friday . The stock traded as high as $506.81 and last traded at $504.69. Approximately 954,432 shares were traded during trading, a decline of 41% from the average daily volume of 1,618,686 shares. The stock had previously closed at $499.36.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LMT shares. Vertical Research restated a "hold" rating and set a $460.00 price target on shares of Lockheed Martin in a research note on Tuesday, July 22nd. Cowen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. JPMorgan Chase & Co. reduced their price objective on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. UBS Group cut their price target on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 23rd. Finally, Alembic Global Advisors raised Lockheed Martin from a "neutral" rating to an "overweight" rating in a research note on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Lockheed Martin has a consensus rating of "Hold" and an average price target of $494.00.

Lockheed Martin Trading Up 1.1%

The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The company has a market cap of $117.82 billion, a P/E ratio of 28.42, a PEG ratio of 1.76 and a beta of 0.28. The firm's 50 day moving average is $455.88 and its two-hundred day moving average is $460.77.

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

Hedge Funds Weigh In On Lockheed Martin

Large investors have recently added to or reduced their stakes in the business. HCR Wealth Advisors increased its position in shares of Lockheed Martin by 50.5% in the third quarter. HCR Wealth Advisors now owns 1,490 shares of the aerospace company's stock valued at $744,000 after acquiring an additional 500 shares during the period. Jackson Wealth Management LLC lifted its position in Lockheed Martin by 3.3% during the third quarter. Jackson Wealth Management LLC now owns 10,038 shares of the aerospace company's stock valued at $5,011,000 after purchasing an additional 316 shares during the period. Dominguez Wealth Management Solutions Inc. lifted its position in Lockheed Martin by 1.0% during the third quarter. Dominguez Wealth Management Solutions Inc. now owns 4,145 shares of the aerospace company's stock valued at $2,069,000 after purchasing an additional 40 shares during the period. Summit Financial Wealth Advisors LLC grew its holdings in Lockheed Martin by 6.3% during the third quarter. Summit Financial Wealth Advisors LLC now owns 13,170 shares of the aerospace company's stock valued at $6,572,000 after purchasing an additional 777 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Lockheed Martin by 4.2% in the 3rd quarter. GAMMA Investing LLC now owns 5,793 shares of the aerospace company's stock worth $2,892,000 after buying an additional 236 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, 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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