JPMorgan Chase & Co. Cuts Lockheed Martin (NYSE:LMT) Price Target to $605.00

Lockheed Martin (NYSE:LMT) had its target price cut by stock analysts at JPMorgan Chase & Co. from $680.00 to $605.00 in a report released on Tuesday,MarketScreener reports. The brokerage presently has a “neutral” rating on the aerospace company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 17.95% from the company’s current price.

Several other brokerages have also recently issued reports on LMT. UBS Group upped their target price on shares of Lockheed Martin from $580.00 to $663.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Sanford C. Bernstein upped their price target on shares of Lockheed Martin from $654.00 to $661.00 and gave the company a “market perform” rating in a report on Tuesday, April 21st. Jefferies Financial Group reiterated a “hold” rating and set a $595.00 price target on shares of Lockheed Martin in a report on Sunday, April 26th. Morgan Stanley cut their price target on shares of Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. Finally, TD Cowen cut their price target on shares of Lockheed Martin from $670.00 to $600.00 and set a “hold” rating on the stock in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Lockheed Martin currently has a consensus rating of “Hold” and an average target price of $628.63.

Lockheed Martin Price Performance

Shares of NYSE LMT traded down $5.21 during mid-day trading on Tuesday, hitting $512.94. 181,561 shares of the company’s stock traded hands, compared to its average volume of 1,746,099. The company’s 50-day moving average is $617.05 and its two-hundred day moving average is $553.72. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.14 and a quick ratio of 0.94. The company has a market capitalization of $118.27 billion, a P/E ratio of 24.88, a PEG ratio of 0.93 and a beta of 0.10. Lockheed Martin has a 1 year low of $410.11 and a 1 year high of $692.00.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.79 by ($0.35). The business had revenue of $18.02 billion for the quarter, compared to analysts’ expectations of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, equities analysts anticipate that Lockheed Martin will post 29.91 EPS for the current fiscal year.

Institutional Investors Weigh In On Lockheed Martin

Several large investors have recently added to or reduced their stakes in the stock. Cerro Pacific Wealth Advisors LLC boosted its position in Lockheed Martin by 1.2% in the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company’s stock valued at $665,000 after buying an additional 16 shares during the period. Garner Asset Management Corp boosted its position in Lockheed Martin by 0.9% in the 4th quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company’s stock valued at $839,000 after buying an additional 16 shares during the period. Davis R M Inc. boosted its position in Lockheed Martin by 1.3% in the 4th quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company’s stock valued at $612,000 after buying an additional 16 shares during the period. 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 owned by hedge funds and other institutional investors.

Lockheed Martin Company Profile

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.