Lockheed Martin (NYSE:LMT) Price Target Raised to $670.00

Lockheed Martin (NYSE:LMTFree Report) had its price objective hoisted by TD Cowen from $600.00 to $670.00 in a research report report published on Friday morning, Marketbeat Ratings reports. They currently have a hold rating on the aerospace company’s stock.

Several other research analysts have also weighed in on LMT. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Lockheed Martin from $492.00 to $611.00 and gave the company a “hold” rating in a research note on Friday. Citigroup upped their price target on shares of Lockheed Martin from $505.00 to $592.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Truist Financial boosted their target price on Lockheed Martin from $605.00 to $695.00 and gave the company a “buy” rating in a research note on Friday. Robert W. Baird raised their price target on Lockheed Martin from $550.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 16th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lockheed Martin in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $582.59.

View Our Latest Research Report on LMT

Lockheed Martin Stock Up 1.9%

Shares of Lockheed Martin stock opened at $634.31 on Friday. Lockheed Martin has a 12-month low of $410.11 and a 12-month high of $645.67. The firm has a market capitalization of $145.94 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 1.81 and a beta of 0.23. 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 stock’s fifty day moving average is $509.69 and its 200-day moving average is $480.94.

Lockheed Martin (NYSE:LMTGet Free Report) last issued 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). Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The business had revenue of $20.32 billion for the quarter, compared to analysts’ expectations of $19.84 billion. During the same quarter in the prior year, the firm posted $7.67 EPS. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities analysts anticipate that Lockheed Martin will post 27.15 earnings per share for the current year.

Institutional Trading of Lockheed Martin

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Secured Retirement Advisors LLC increased its position in Lockheed Martin by 288.6% in the 4th quarter. Secured Retirement Advisors LLC now owns 3,128 shares of the aerospace company’s stock worth $1,513,000 after buying an additional 2,323 shares during the period. Citizens Financial Group Inc. RI grew its stake in shares of Lockheed Martin by 11.6% in the fourth quarter. Citizens Financial Group Inc. RI now owns 54,862 shares of the aerospace company’s stock worth $26,535,000 after acquiring an additional 5,716 shares during the last quarter. Laurel Wealth Advisors LLC bought a new position in Lockheed Martin during the fourth quarter worth $104,000. Spectrum Financial Alliance Ltd LLC raised its stake in Lockheed Martin by 12.7% during the 4th quarter. Spectrum Financial Alliance Ltd LLC now owns 98,931 shares of the aerospace company’s stock valued at $47,850,000 after purchasing an additional 11,176 shares during the last quarter. Finally, Trifecta Capital Advisors LLC raised its stake in Lockheed Martin by 1.1% during the 4th quarter. Trifecta Capital Advisors LLC now owns 11,403 shares of the aerospace company’s stock valued at $5,515,000 after purchasing an additional 123 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin News Roundup

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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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