Lockheed Martin (NYSE:LMT) Given New $538.00 Price Target at UBS Group

Lockheed Martin (NYSE:LMT) had its price objective lowered by research analysts at UBS Group from $683.00 to $538.00 in a note issued to investors on Tuesday,MarketScreener reports. UBS Group’s target price would suggest a potential upside of 3.68% from the company’s current price.

A number of other research analysts also recently issued reports on LMT. TD Cowen reduced their price objective on shares of Lockheed Martin from $670.00 to $600.00 and set a “hold” rating on the stock in a research report on Friday, April 24th. JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. BNP Paribas Exane cut their target price on shares of Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. Weiss Ratings downgraded shares of Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. Finally, Royal Bank Of Canada decreased their price target on shares of Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating for the company in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $613.63.

Lockheed Martin Price Performance

LMT stock opened at $518.92 on Tuesday. The stock has a market capitalization of $119.64 billion, a price-to-earnings ratio of 25.14, a PEG ratio of 0.91 and a beta of 0.10. The firm’s 50-day moving average price is $522.43 and its two-hundred day moving average price is $568.01. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. Lockheed Martin has a 12-month low of $410.11 and a 12-month 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 for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). The firm had revenue of $18.02 billion for the quarter, compared to analysts’ expectations of $18.38 billion. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The business’s revenue for the quarter was up .3% on a year-over-year basis. 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. As a group, equities analysts predict that Lockheed Martin will post 29.88 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in Lockheed Martin by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company’s stock valued at $4,178,399,000 after purchasing an additional 114,900 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Lockheed Martin by 10.1% during the fourth quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock valued at $2,770,729,000 after purchasing an additional 527,523 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Lockheed Martin by 3.4% during the third quarter. Wellington Management Group LLP now owns 2,384,753 shares of the aerospace company’s stock valued at $1,190,493,000 after purchasing an additional 79,491 shares in the last quarter. Invesco Ltd. boosted its position in shares of Lockheed Martin by 4.2% during the third quarter. Invesco Ltd. now owns 2,196,058 shares of the aerospace company’s stock valued at $1,096,294,000 after buying an additional 87,663 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Lockheed Martin by 0.6% during the fourth quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company’s stock valued at $807,866,000 after buying an additional 10,349 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

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.