Lockheed Martin (NYSE:LMT) Given a $554.00 Price Target at Truist Financial

Lockheed Martin (NYSE:LMT) has been given a $554.00 price target by analysts at Truist Financial in a note issued to investors on Friday, MarketBeat.com reports. The firm currently has a “buy” rating on the aerospace company’s stock. Truist Financial’s price objective indicates a potential upside of 16.96% from the stock’s current price.

A number of other brokerages have also weighed in on LMT. Baird R W raised shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 23rd. Melius lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. Morgan Stanley raised shares of Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 price target on the stock in a research note on Wednesday, April 16th. UBS Group raised their price target on shares of Lockheed Martin from $481.00 to $499.00 and gave the company a “neutral” rating in a research note on Wednesday, April 23rd. Finally, Robert W. Baird raised shares of Lockheed Martin from a “neutral” rating to an “outperform” rating and set a $540.00 price target on the stock in a research report on Wednesday, April 23rd. Twelve equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Lockheed Martin presently has a consensus rating of “Hold” and a consensus target price of $532.69.

Lockheed Martin Price Performance

NYSE:LMT opened at $473.66 on Friday. Lockheed Martin has a 52 week low of $418.88 and a 52 week high of $618.95. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 2.79. The stock has a market capitalization of $110.98 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 1.63 and a beta of 0.28. The stock’s 50-day moving average price is $469.59 and its 200-day moving average price is $464.56.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating analysts’ consensus estimates of $6.34 by $0.94. The firm had revenue of $17.96 billion for the quarter, compared to analysts’ expectations of $17.83 billion. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. As a group, equities analysts expect that Lockheed Martin will post 27.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Lockheed Martin

Several institutional investors have recently modified their holdings of LMT. GAMMA Investing LLC lifted its position in shares of Lockheed Martin by 41,104.9% during the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company’s stock worth $889,593,000 after purchasing an additional 1,986,600 shares during the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter worth $526,587,000. Leigh Baldwin & CO. LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter worth $451,985,000. Charles Schwab Investment Management Inc. lifted its position in shares of Lockheed Martin by 7.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company’s stock worth $3,587,444,000 after purchasing an additional 560,457 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Lockheed Martin during the 1st quarter worth $221,790,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

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.