Lockheed Martin (NYSE:LMT) Stock Rating Lowered by Wall Street Zen

Lockheed Martin (NYSE:LMT) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Sunday.

Other equities analysts have also recently issued reports about the stock. The Goldman Sachs Group raised their price target on shares of Lockheed Martin from $464.00 to $517.00 and gave the stock a “sell” rating in a research note on Monday, February 2nd. Truist Financial raised their target price on shares of Lockheed Martin from $605.00 to $695.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Lockheed Martin from $492.00 to $611.00 and gave the company a “hold” rating in a research note on Friday, January 30th. Jefferies Financial Group raised their price objective on Lockheed Martin from $540.00 to $630.00 and gave the company a “hold” rating in a report on Sunday, February 1st. Finally, BNP Paribas Exane upped their target price on Lockheed Martin from $550.00 to $570.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Six analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $612.50.

Lockheed Martin Trading Up 2.3%

Shares of NYSE LMT opened at $638.19 on Friday. The stock has a market cap of $146.83 billion, a price-to-earnings ratio of 29.70, a P/E/G ratio of 1.12 and a beta of 0.23. Lockheed Martin has a twelve month low of $410.11 and a twelve month high of $646.59. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 3.05. The company’s fifty day moving average is $530.22 and its 200-day moving average is $488.63.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.33 by ($0.53). Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The business had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.84 billion. During the same quarter in the prior year, the firm posted $7.67 earnings per share. Lockheed Martin’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities research analysts predict that Lockheed Martin will post 27.15 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. United Financial Planning Group LLC acquired a new position in shares of Lockheed Martin in the third quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC boosted its holdings in shares of 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 during the period. Grey Fox Wealth Advisors LLC bought a new stake in shares of Lockheed Martin during the 3rd quarter worth about $27,000. Mid American Wealth Advisory Group Inc. acquired a new position in Lockheed Martin in the 2nd quarter valued at about $28,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in Lockheed Martin in the 2nd quarter valued at about $29,000. 74.19% of the stock is currently owned by institutional investors.

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.