Lockheed Martin (NYSE:LMT) Stock Rating Upgraded by Alembic Global Advisors
Alembic Global Advisors upgraded Lockheed Martin's stock rating from "neutral" to "overweight." Other firms have varied opinions, with Royal Bank of Canada lowering its price target to $440 and Cowen downgrading to "hold." Lockheed Martin's stock is currently trading at $452.22, with a consensus rating of "Hold" and a target price of $506.35. The company reported $7.29 EPS for the last quarter, exceeding estimates, and has set FY 2025 guidance at 21.700-22.000 EPS.
Lockheed Martin (NYSE:LMT - Get Free Report) was upgraded by equities researchers at Alembic Global Advisors from a "neutral" rating to an "overweight" rating in a research report issued on Thursday.
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Several other research firms have also recently issued reports on LMT. Royal Bank Of Canada decreased their price objective on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating on the stock in a report on Wednesday, July 23rd. Cowen cut Lockheed Martin from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the stock a "market perform" rating in a report on Monday, July 14th. Truist Financial cut Lockheed Martin from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $554.00 to $440.00 in a report on Wednesday, July 23rd. Finally, Vertical Research restated a "hold" rating and set a $460.00 price objective on shares of Lockheed Martin in a report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $506.35.
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Lockheed Martin Price Performance
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NYSE:LMT traded down $2.25 during trading hours on Thursday, reaching $452.22. 128,455 shares of the company traded hands, compared to its average volume of 1,657,434. The firm's 50-day moving average is $447.52 and its 200-day moving average is $456.40. The stock has a market cap of $105.57 billion, a P/E ratio of 25.46, a P/E/G ratio of 1.60 and a beta of 0.27. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. Lockheed Martin has a 1-year low of $410.11 and a 1-year high of $618.95.
Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating analysts' consensus estimates of $6.57 by $0.72. The firm had revenue of $18.16 billion for the quarter, compared to analysts' expectations of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.Lockheed Martin's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Equities research analysts expect that Lockheed Martin will post 27.15 earnings per share for the current fiscal year.
Institutional Trading of Lockheed Martin
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Hedge funds and other institutional investors have recently modified their holdings of the business. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of Lockheed Martin during the second quarter worth about $28,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Lockheed Martin during the second quarter worth about $29,000. TruNorth Capital Management LLC acquired a new position in Lockheed Martin in the first quarter worth about $31,000. Heck Capital Advisors LLC acquired a new position in Lockheed Martin in the fourth quarter worth about $35,000. Finally, Frazier Financial Advisors LLC acquired a new position in Lockheed Martin in the second quarter worth about $34,000. 74.19% of the stock is owned by hedge funds and other institutional investors.
Lockheed Martin Company Profile
(Get Free Report)Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.
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