Lockheed Martin (NYSE:LMT) Stock Rating Upgraded by Wall Street Zen

Lockheed Martin (NYSE:LMT) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

LMT has been the subject of a number of other research reports. Bank of America reduced their price objective on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research note on Thursday, August 21st. Alembic Global Advisors raised Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lockheed Martin in a report on Wednesday, October 8th. UBS Group cut their price target on shares of Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating for the company in a report on Wednesday, October 22nd. Finally, The Goldman Sachs Group boosted their price target on shares of Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a research note on Friday, October 10th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $513.47.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $460.15 on Friday. Lockheed Martin has a 52-week low of $410.11 and a 52-week high of $546.00. The company’s 50 day moving average is $484.68 and its 200 day moving average is $466.89. The firm has a market cap of $106.48 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 1.69 and a beta of 0.25. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, topping the consensus estimate of $6.33 by $0.62. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The firm had revenue of $18.61 billion during the quarter, compared to analyst estimates of $18.45 billion. During the same quarter in the previous year, the business posted $6.84 EPS. Lockheed Martin’s revenue was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, sell-side analysts anticipate that Lockheed Martin will post 27.15 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO John Frank A. St sold 7,792 shares of the company’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total value of $3,826,183.68. Following the sale, the chief operating officer owned 1 shares in the company, valued at $491.04. This represents a 99.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On Lockheed Martin

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Brighton Jones LLC increased its position in Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after purchasing an additional 191 shares in the last quarter. Tempus Wealth Planning LLC increased its position in shares of Lockheed Martin by 4.1% in the 1st quarter. Tempus Wealth Planning LLC now owns 1,088 shares of the aerospace company’s stock worth $486,000 after purchasing an additional 43 shares during the last quarter. Applied Finance Capital Management LLC lifted its holdings in Lockheed Martin by 16.7% during the 1st quarter. Applied Finance Capital Management LLC now owns 2,982 shares of the aerospace company’s stock worth $1,332,000 after buying an additional 426 shares during the last quarter. Spectrum Financial Alliance Ltd LLC raised its holdings in shares of Lockheed Martin by 8.8% during the first quarter. Spectrum Financial Alliance Ltd LLC now owns 81,019 shares of the aerospace company’s stock worth $36,192,000 after purchasing an additional 6,519 shares during the period. Finally, GLOBALT Investments LLC GA boosted its stake in Lockheed Martin by 0.4% in the first quarter. GLOBALT Investments LLC GA now owns 11,203 shares of the aerospace company’s stock valued at $5,004,000 after acquiring an additional 50 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

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.