Lockheed Martin's (LMT) Hold (C) Rating Reaffirmed at Weiss Ratings

Key Points

• Lockheed Martin's stock has been reaffirmed with a "hold (c)" rating by Weiss Ratings, indicating a cautious outlook for the aerospace company amidst varying target price revisions from other analysts.
• The company's quarterly earnings report showed earnings per share of $6.95, surpassing estimates and reflecting an 8.8% revenue increase compared to last year, demonstrating strong financial performance.
• Lockheed Martin's institutional ownership stands at 74.19%, with several hedge funds increasing their stakes in the company, suggesting continued investor interest and confidence in its future performance.

Lockheed Martin (NYSE:LMT - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by equities researchers at Weiss Ratings in a report issued on Saturday,Weiss Ratings reports.

LMT has been the topic of several other reports. TD Cowen restated a "hold" rating and set a $480.00 target price (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Royal Bank Of Canada upped their target price on shares of Lockheed Martin from $440.00 to $525.00 and gave the stock a "sector perform" rating in a research report on Tuesday, October 7th. UBS Group lowered their target price on shares of Lockheed Martin from $514.00 to $513.00 and set a "neutral" rating on the stock in a research report on Wednesday. Bank of America lowered their target price on shares of Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating on the stock in a research report on Thursday, August 21st. Finally, The Goldman Sachs Group upped their target price on shares of Lockheed Martin from $398.00 to $425.00 and gave the stock a "sell" rating in a research report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Lockheed Martin presently has an average rating of "Hold" and an average target price of $513.47.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock traded down $2.46 on Friday, reaching $485.59. 1,367,228 shares of the stock were exchanged, compared to its average volume of 1,325,616. Lockheed Martin has a 1-year low of $410.11 and a 1-year high of $576.43. 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 business has a fifty day moving average price of $477.51 and a two-hundred day moving average price of $466.54. The firm has a market capitalization of $112.37 billion, a PE ratio of 27.11, a PEG ratio of 1.60 and a beta of 0.28.

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

Hedge Funds Weigh In On Lockheed Martin

Several institutional investors and hedge funds have recently modified their holdings of LMT. Barnes Dennig Private Wealth Management LLC lifted its stake 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 buying an additional 40 shares during the period. Mid American Wealth Advisory Group Inc. purchased a new position in Lockheed Martin during the second quarter worth approximately $28,000. Twin Peaks Wealth Advisors LLC purchased a new position in Lockheed Martin during the second quarter worth approximately $29,000. TruNorth Capital Management LLC purchased a new position in Lockheed Martin during the first quarter worth approximately $31,000. Finally, Frazier Financial Advisors LLC purchased a new position in Lockheed Martin during the second quarter worth approximately $34,000. Hedge funds and other institutional investors 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.

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