Weiss Ratings Reaffirms "Hold (C)" Rating for Lockheed Martin (NYSE:LMT)

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

A number of other research analysts have also issued reports on LMT. Cowen lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. Susquehanna reduced their price objective on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a research report on Wednesday, July 23rd. Alembic Global Advisors upgraded Lockheed Martin from a "neutral" rating to an "overweight" rating in a research report on Thursday, August 28th. Robert W. Baird boosted their price objective on Lockheed Martin from $500.00 to $550.00 and gave the company an "outperform" rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft set a $519.00 price objective on Lockheed Martin and gave the company a "hold" rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fifteen have assigned a Hold rating to the stock. According to MarketBeat.com, Lockheed Martin presently has a consensus rating of "Hold" and an average price target of $496.88.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $513.98 on Wednesday. Lockheed Martin has a twelve month low of $410.11 and a twelve month high of $618.95. 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 company has a market capitalization of $119.99 billion, a price-to-earnings ratio of 28.94, a price-to-earnings-growth ratio of 1.80 and a beta of 0.28. The business has a 50 day simple moving average of $461.48 and a 200-day simple moving average of $461.89.

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

Institutional Trading of Lockheed Martin

Hedge funds and other institutional investors have recently modified their holdings of the company. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Lockheed Martin in the 2nd quarter worth $28,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Lockheed Martin in the 2nd quarter worth $29,000. TruNorth Capital Management LLC bought a new stake in shares of Lockheed Martin in the 1st quarter worth $31,000. Frazier Financial Advisors LLC bought a new stake in shares of Lockheed Martin in the 2nd quarter worth $34,000. Finally, MTM Investment Management LLC bought a new stake in shares of Lockheed Martin in the 2nd quarter worth $36,000. 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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