Analysts Set Lockheed Martin Corporation (NYSE:LMT) Price Target at $543.82

Lockheed Martin Corporation (NYSE:LMT) has earned an average rating of “Hold” from the twenty research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $543.8235.

A number of analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Lockheed Martin in a research report on Wednesday, October 8th. The Goldman Sachs Group boosted their target price on shares of Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a research note on Friday, October 10th. Truist Financial set a $605.00 target price on shares of Lockheed Martin and gave the stock a “buy” rating in a research report on Friday, January 9th. BNP Paribas Exane lifted their price target on shares of Lockheed Martin from $550.00 to $570.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $586.00 price objective on shares of Lockheed Martin in a research note on Monday, January 12th.

Hedge Funds Weigh In On Lockheed Martin

Several institutional investors have recently bought and sold shares of LMT. United Financial Planning Group LLC acquired a new stake in shares of Lockheed Martin in the third quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC lifted its position in Lockheed Martin by 285.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock worth $27,000 after buying an additional 40 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new stake in Lockheed Martin during the 3rd quarter worth about $27,000. Mid American Wealth Advisory Group Inc. bought a new stake in Lockheed Martin during the 2nd quarter worth about $28,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Lockheed Martin in the 2nd quarter valued at about $29,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 0.6%

LMT stock opened at $590.30 on Monday. Lockheed Martin has a 1-year low of $410.11 and a 1-year high of $596.22. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32. The business’s 50 day moving average is $495.94 and its 200-day moving average is $476.13. The firm has a market cap of $136.59 billion, a P/E ratio of 32.96, a P/E/G ratio of 1.69 and a beta of 0.24.

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.