Lockheed Martin (NYSE:LMT) Price Target Raised to $695.00

Lockheed Martin (NYSE:LMTFree Report) had its price objective boosted by Truist Financial from $605.00 to $695.00 in a research note released on Friday morning, MarketBeat Ratings reports. The firm currently has a buy rating on the aerospace company’s stock.

A number of other research firms have also issued reports on LMT. Robert W. Baird upped their target price on shares of Lockheed Martin from $550.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 16th. Sanford C. Bernstein reissued a “market perform” rating and set a $586.00 price objective on shares of Lockheed Martin in a research note on Monday, January 12th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $543.00 target price (down from $630.00) on shares of Lockheed Martin in a research note on Tuesday, December 16th. BNP Paribas Exane increased their price target on Lockheed Martin from $550.00 to $570.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Finally, Jefferies Financial Group raised their price objective on Lockheed Martin from $500.00 to $540.00 and gave the stock a “hold” rating in a report on Monday, January 12th. Five analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $582.59.

Read Our Latest Research Report on LMT

Lockheed Martin Price Performance

LMT stock opened at $634.31 on Friday. The stock’s 50 day moving average price is $509.69 and its 200 day moving average price is $480.94. The firm has a market cap of $145.94 billion, a P/E 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 1 year low of $410.11 and a 1 year high of $645.67.

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). Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The company had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.84 billion. During the same period last year, the firm earned $7.67 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year. On average, sell-side analysts expect that Lockheed Martin will post 27.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lockheed Martin

Several large investors have recently modified their holdings of LMT. United Financial Planning Group LLC acquired a new position in shares of Lockheed Martin in the third quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC boosted its stake in 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 valued at $27,000 after purchasing an additional 40 shares during the period. Grey Fox Wealth Advisors LLC acquired a new position in Lockheed Martin in the 3rd quarter valued at $27,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Lockheed Martin during the second quarter worth $28,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Lockheed Martin in the second quarter valued at about $29,000. 74.19% of the stock is owned by institutional investors.

Lockheed Martin News Summary

Here are the key news stories impacting Lockheed Martin this week:

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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