Lockheed Martin (NYSE:LMT) Trading Up 1.5% Following Analyst Upgrade

Lockheed Martin Corporation (NYSE:LMT) shares traded up 1.5% on Monday after Jefferies Financial Group raised their price target on the stock from $500.00 to $540.00. Jefferies Financial Group currently has a hold rating on the stock. Lockheed Martin traded as high as $554.27 and last traded at $551.2520. 2,958,526 shares traded hands during trading, an increase of 5% from the average session volume of 2,817,031 shares. The stock had previously closed at $542.92.

LMT has been the topic of a number of other reports. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $515.00 price objective (up from $465.00) on shares of Lockheed Martin in a research report on Friday, December 19th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Lockheed Martin from $517.00 to $492.00 and set a “hold” rating on the stock in a report on Wednesday, December 10th. The Goldman Sachs Group upped their price objective on shares of Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a report on Friday, October 10th. Truist Financial set a $605.00 target price on shares of Lockheed Martin and gave the stock a “buy” rating in a research report on Friday. Finally, Susquehanna boosted their price target on shares of Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a research report on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $517.12.

Insiders Place Their Bets

In other news, COO John Frank A. St sold 7,792 shares of the stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. SeaCrest Wealth Management LLC raised its stake in Lockheed Martin by 3.5% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,928 shares of the aerospace company’s stock valued at $958,000 after buying an additional 65 shares during the last quarter. Corundum Group Inc. bought a new stake in shares of Lockheed Martin in the fourth quarter worth $12,459,000. Traynor Capital Management Inc. increased its position in Lockheed Martin by 7.7% during the fourth quarter. Traynor Capital Management Inc. now owns 17,467 shares of the aerospace company’s stock valued at $8,448,000 after acquiring an additional 1,252 shares during the last quarter. CCM Investment Advisers LLC increased its position in Lockheed Martin by 15.7% during the fourth quarter. CCM Investment Advisers LLC now owns 27,495 shares of the aerospace company’s stock valued at $13,299,000 after acquiring an additional 3,727 shares during the last quarter. Finally, Stokes Capital Advisors LLC lifted its holdings in Lockheed Martin by 2.4% in the fourth quarter. Stokes Capital Advisors LLC now owns 14,051 shares of the aerospace company’s stock valued at $6,796,000 after acquiring an additional 334 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

The firm has a 50-day simple moving average of $475.10 and a 200-day simple moving average of $468.79. The firm has a market capitalization of $127.56 billion, a PE ratio of 30.78, a PEG ratio of 1.55 and a beta of 0.24. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, beating the consensus estimate of $6.33 by $0.62. The firm had revenue of $18.61 billion during the quarter, compared to analyst estimates of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, equities analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Company Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.