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

Lockheed Martin (NYSE:LMT) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

Other analysts also recently issued reports about the company. Jefferies Financial Group increased their price target on Lockheed Martin from $540.00 to $630.00 and gave the company a “hold” rating in a research report on Sunday, February 1st. Deutsche Bank Aktiengesellschaft upped their price objective on Lockheed Martin from $492.00 to $611.00 and gave the company a “hold” rating in a research note on Friday, January 30th. The Goldman Sachs Group lifted their target price on Lockheed Martin from $464.00 to $517.00 and gave the stock a “sell” rating in a research note on Monday, February 2nd. Morgan Stanley set a $675.00 price target on shares of Lockheed Martin in a report on Wednesday. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $654.00 price objective on shares of Lockheed Martin in a report on Friday. Six analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $612.50.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $623.25 on Friday. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.09 and a quick ratio of 0.94. The firm has a 50-day moving average of $526.24 and a 200-day moving average of $486.62. Lockheed Martin has a one year low of $410.11 and a one year high of $646.59. The company has a market cap of $143.40 billion, a P/E ratio of 29.00, a P/E/G ratio of 1.42 and a beta of 0.23.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). The firm had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.84 billion. Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $7.67 earnings per share. Equities research analysts forecast that Lockheed Martin will post 27.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Lockheed Martin

Several large investors have recently modified their holdings of the business. United Financial Planning Group LLC purchased a new position in Lockheed Martin in the 3rd quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC boosted its holdings in shares of Lockheed Martin by 285.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 40 shares during the period. Grey Fox Wealth Advisors LLC purchased a new position in shares of Lockheed Martin in the third quarter valued at $27,000. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Lockheed Martin in the second quarter valued at $28,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Lockheed Martin during the 2nd quarter valued at $29,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

About Lockheed Martin

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.