Lockheed Martin (NYSE:LMT) Upgraded to Buy at Wall Street Zen

Key Points

• Lockheed Martin was upgraded to a "buy" rating by Wall Street Zen, enhancing investor sentiment despite mixed analyst ratings from other firms over the recent months.
• The company reported a higher than expected earnings per share (EPS) of $6.95 for its last quarter, surpassing estimates by $0.62, alongside an 8.8% year-over-year revenue growth.
• Lockheed Martin's stock has a market capitalization of $112.37 billion and the current average target price stands at $513.47 according to analysts.

Lockheed Martin (NYSE:LMT - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Other analysts have also recently issued reports about the stock. Cowen cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. Deutsche Bank Aktiengesellschaft set a $519.00 target price on shares of Lockheed Martin and gave the stock a "hold" rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price target on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Robert W. Baird raised their price target on Lockheed Martin from $500.00 to $550.00 and gave the company an "outperform" rating in a research report on Monday, October 6th. Finally, Alembic Global Advisors raised Lockheed Martin from a "neutral" rating to an "overweight" rating in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $513.47.

Lockheed Martin Trading Down 0.5%

Shares of NYSE:LMT opened at $485.59 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.83 and a debt-to-equity ratio of 3.32. The stock has a market capitalization of $112.37 billion, a PE ratio of 27.11, a P/E/G ratio of 1.61 and a beta of 0.28. Lockheed Martin has a 1 year low of $410.11 and a 1 year high of $576.43. The firm has a fifty day moving average price of $477.51 and a 200 day moving average price of $466.37.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.33 by $0.62. The company had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The firm's revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Analysts expect that Lockheed Martin will post 27.15 EPS for the current fiscal year.

Institutional Trading of Lockheed Martin

A number of hedge funds have recently modified their holdings of LMT. Barnes Dennig Private Wealth Management LLC increased its position 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 valued at $27,000 after purchasing an additional 40 shares during the period. Mid American Wealth Advisory Group Inc. bought a new stake in Lockheed Martin in the 2nd quarter valued at $28,000. Twin Peaks Wealth Advisors LLC bought a new stake in Lockheed Martin in the 2nd quarter valued at $29,000. TruNorth Capital Management LLC acquired a new position in shares of Lockheed Martin in the 1st quarter valued at $31,000. Finally, Frazier Financial Advisors LLC bought a new position in shares of Lockheed Martin during the 2nd quarter worth about $34,000. 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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