Lockheed Martin (NYSE:LMT) Price Target Raised to $611.00

Lockheed Martin (NYSE:LMTFree Report) had its price objective boosted by Deutsche Bank Aktiengesellschaft from $492.00 to $611.00 in a report published on Friday morning,MarketScreener reports. The firm currently has a hold rating on the aerospace company’s stock.

Other equities analysts have also issued reports about the stock. The Goldman Sachs Group boosted their target price on shares of Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a report on Friday, October 10th. UBS Group increased their price objective on Lockheed Martin from $513.00 to $580.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. Citigroup upped their price target on Lockheed Martin from $505.00 to $592.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Finally, Truist Financial boosted their price objective on shares of Lockheed Martin from $605.00 to $695.00 and gave the company a “buy” rating in a report on Friday. Five investment 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. According to data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Hold” and a consensus target price of $582.59.

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Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $634.31 on Friday. The business’s 50 day moving average price is $509.69 and its 200 day moving average price is $480.94. The company has a market cap of $145.94 billion, a price-to-earnings ratio of 29.52, a PEG ratio of 1.81 and a beta of 0.23. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.94 and a current ratio of 1.09. Lockheed Martin has a one year low of $410.11 and a one year high of $645.67.

Lockheed Martin (NYSE:LMTGet Free Report) last issued its earnings results 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 company had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.84 billion. Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The firm’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business earned $7.67 earnings per share. On average, research analysts predict that Lockheed Martin will post 27.15 EPS for the current year.

Institutional Trading of Lockheed Martin

Institutional investors have recently bought and sold shares of the business. Broadway Wealth Solutions Inc. boosted its holdings in Lockheed Martin by 3.6% in the fourth quarter. Broadway Wealth Solutions Inc. now owns 484 shares of the aerospace company’s stock valued at $234,000 after purchasing an additional 17 shares in the last quarter. Newbridge Financial Services Group Inc. raised its stake in Lockheed Martin by 3.2% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 583 shares of the aerospace company’s stock worth $282,000 after acquiring an additional 18 shares in the last quarter. McGlone Suttner Wealth Management Inc. boosted its stake in Lockheed Martin by 2.0% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 985 shares of the aerospace company’s stock valued at $476,000 after acquiring an additional 19 shares in the last quarter. Sheets Smith Wealth Management grew its holdings in shares of Lockheed Martin by 2.2% during the fourth quarter. Sheets Smith Wealth Management now owns 873 shares of the aerospace company’s stock worth $422,000 after purchasing an additional 19 shares during the last quarter. Finally, Fulton Breakefield Broenniman LLC lifted its holdings in shares of Lockheed Martin by 2.3% in the 4th quarter. Fulton Breakefield Broenniman LLC now owns 852 shares of the aerospace company’s stock valued at $412,000 after purchasing an additional 19 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

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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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