Lockheed Martin (NYSE:LMT) Stock Price Expected to Rise, Sanford C. Bernstein Analyst Says

Lockheed Martin (NYSE:LMTGet Free Report) had its price objective raised by equities researchers at Sanford C. Bernstein from $654.00 to $661.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The brokerage currently has a “market perform” rating on the aerospace company’s stock. Sanford C. Bernstein’s price target points to a potential upside of 18.88% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. Royal Bank Of Canada raised their price target on shares of Lockheed Martin from $615.00 to $650.00 and gave the company a “sector perform” rating in a report on Friday, January 30th. UBS Group raised their price target on shares of Lockheed Martin from $580.00 to $663.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Lockheed Martin from $492.00 to $611.00 and gave the company a “hold” rating in a report on Friday, January 30th. Truist Financial raised their price target on shares of Lockheed Martin from $605.00 to $695.00 and gave the company a “buy” rating in a report on Friday, January 30th. Finally, BNP Paribas Exane increased their price objective on shares of Lockheed Martin from $740.00 to $770.00 and gave the company an “outperform” rating in a research note on Tuesday, April 7th. Seven analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $646.16.

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Lockheed Martin Price Performance

LMT opened at $556.01 on Tuesday. The company has a fifty day simple moving average of $633.27 and a 200 day simple moving average of $553.09. The firm has a market cap of $128.14 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 1.02 and a beta of 0.23. Lockheed Martin has a twelve month low of $410.11 and a twelve month high of $692.00. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05.

Lockheed Martin (NYSE:LMTGet Free Report) last released its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). The firm had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.84 billion. Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. Lockheed Martin’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the business posted $7.67 earnings per share. Equities research analysts expect that Lockheed Martin will post 29.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LMT. United Financial Planning Group LLC bought a new position in shares of Lockheed Martin in the 3rd quarter worth about $25,000. Basso Capital Management L.P. bought a new position in shares of Lockheed Martin in the 4th quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC lifted its position in shares of Lockheed Martin by 285.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock worth $27,000 after buying an additional 40 shares during the last quarter. Grey Fox Wealth Advisors LLC bought a new position in shares of Lockheed Martin in the 3rd quarter worth about $27,000. Finally, Clarity Asset Management Inc. bought a new position in shares of Lockheed Martin in the 4th quarter worth about $26,000. 74.19% of the stock is currently owned by institutional investors.

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Lockheed Martin Company Profile

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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.

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