Lockheed Martin (NYSE:LMT) Coverage Initiated at Wells Fargo & Company

Investment analysts at Wells Fargo & Company began coverage on shares of Lockheed Martin (NYSE:LMTGet Free Report) in a report issued on Wednesday, Marketbeat.com reports. The firm set an “equal weight” rating and a $650.00 price target on the aerospace company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 4.33% from the stock’s previous close.

A number of other analysts also recently commented on LMT. Morgan Stanley set a $675.00 price objective on shares of Lockheed Martin in a report on Wednesday, February 4th. UBS Group lifted their target price on shares of Lockheed Martin from $580.00 to $663.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. BNP Paribas Exane increased their price target on shares of Lockheed Martin from $550.00 to $570.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Citigroup raised their price target on shares of Lockheed Martin from $592.00 to $673.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Lockheed Martin from $492.00 to $611.00 and gave the company a “hold” rating in a research report on Friday, January 30th. Seven investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $634.74.

View Our Latest Stock Report on LMT

Lockheed Martin Trading Up 0.9%

Shares of LMT opened at $623.03 on Wednesday. Lockheed Martin has a 52-week low of $410.11 and a 52-week high of $692.00. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 3.05. The firm’s fifty day moving average is $635.57 and its two-hundred day moving average is $540.80. The stock has a market cap of $143.58 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 1.11 and a beta of 0.23.

Lockheed Martin (NYSE:LMTGet Free Report) last issued its earnings results on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). The business had revenue of $20.32 billion during 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 quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the company earned $7.67 earnings per share. Research analysts forecast that Lockheed Martin will post 27.15 earnings per share for the current fiscal year.

Institutional Trading of Lockheed Martin

Institutional investors and hedge funds have recently bought and sold shares of the business. Cerro Pacific Wealth Advisors LLC boosted its stake in shares of Lockheed Martin by 1.2% in the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company’s stock valued at $665,000 after purchasing an additional 16 shares during the period. Garner Asset Management Corp lifted its holdings in Lockheed Martin by 0.9% during the 4th quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company’s stock worth $839,000 after buying an additional 16 shares in the last quarter. Davis R M Inc. lifted its holdings in Lockheed Martin by 1.3% during the 4th quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company’s stock worth $612,000 after buying an additional 16 shares in the last quarter. Broadway Wealth Solutions Inc. boosted its position in Lockheed Martin by 3.6% in the 4th quarter. Broadway Wealth Solutions Inc. now owns 484 shares of the aerospace company’s stock valued at $234,000 after buying an additional 17 shares during the period. Finally, Aspire Growth Partners LLC boosted its position in Lockheed Martin by 0.7% in the 4th quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company’s stock valued at $1,217,000 after buying an additional 17 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Lockheed Martin

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About Lockheed Martin

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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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Analyst Recommendations for Lockheed Martin (NYSE:LMT)

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