Lockheed Martin (NYSE:LMT) Receives Market Perform Rating from Sanford C. Bernstein

Lockheed Martin (NYSE:LMT)‘s stock had its “market perform” rating reaffirmed by equities researchers at Sanford C. Bernstein in a report released on Friday,MarketScreener reports.

A number of other equities research analysts have also recently issued reports on LMT. DZ Bank upgraded shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. 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, January 30th. Royal Bank Of Canada reduced their price objective on Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating on the stock in a research note on Friday, April 24th. Morgan Stanley reduced their target price on 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, The Goldman Sachs Group boosted their target price on shares of Lockheed Martin from $464.00 to $517.00 and gave the company a “sell” rating in a report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and an average target price of $620.68.

Lockheed Martin Trading Down 1.0%

LMT stock traded down $5.45 during midday trading on Friday, reaching $531.77. The company’s stock had a trading volume of 107,832 shares, compared to its average volume of 1,665,957. The business’s 50-day simple moving average is $568.83 and its 200-day simple moving average is $558.28. The stock has a market cap of $122.60 billion, a PE ratio of 25.74, a price-to-earnings-growth ratio of 0.96 and a beta of 0.10. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. Lockheed Martin has a 52 week low of $410.11 and a 52 week high of $692.00.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The business had revenue of $18.02 billion during the quarter, compared to analyst estimates of $18.38 billion. During the same period in the previous year, the firm posted $7.28 earnings per share. The firm’s revenue was up .3% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. As a group, sell-side analysts expect that Lockheed Martin will post 29.88 EPS for the current year.

Institutional Investors Weigh In On Lockheed Martin

A number of hedge funds have recently modified their holdings of LMT. Cozad Asset Management Inc. grew its stake in shares of Lockheed Martin by 9.5% during the 1st quarter. Cozad Asset Management Inc. now owns 647 shares of the aerospace company’s stock worth $391,000 after acquiring an additional 56 shares during the period. Blue Fin Capital Inc. raised its stake in Lockheed Martin by 2.4% in the 1st quarter. Blue Fin Capital Inc. now owns 7,050 shares of the aerospace company’s stock valued at $4,262,000 after acquiring an additional 163 shares during the period. Westshore Wealth LLC purchased a new stake in Lockheed Martin during the first quarter valued at about $220,000. Summit Financial Wealth Advisors LLC boosted its position in Lockheed Martin by 3.0% during the first quarter. Summit Financial Wealth Advisors LLC now owns 13,735 shares of the aerospace company’s stock worth $8,301,000 after purchasing an additional 396 shares during the period. Finally, Axiom Investment Management LLC purchased a new position in shares of Lockheed Martin in the first quarter worth about $1,556,000. Institutional investors own 74.19% of the company’s stock.

About Lockheed Martin

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.