Lockheed Martin (NYSE:LMT) Cut to Buy at Wall Street Zen

Wall Street Zen downgraded shares of Lockheed Martin (NYSE:LMT) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday,Wall Street Zen reports.

A number of other equities analysts also recently weighed in on LMT. Morgan Stanley boosted their target price on shares of Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. Jefferies Financial Group reissued a “hold” rating on shares of Lockheed Martin in a research report on Wednesday, September 2nd. UBS Group upgraded shares of Lockheed Martin from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $581.00 to $674.00 in a research note on Tuesday, September 8th. Weiss Ratings upgraded shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $637.56.

Lockheed Martin Stock Performance

Shares of NYSE LMT opened at $529.61 on Friday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. The stock has a 50 day moving average price of $555.78 and a 200 day moving average price of $564.24. The stock has a market capitalization of $122.23 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 1.14 and a beta of 0.10. Lockheed Martin has a 52 week low of $437.25 and a 52 week high of $692.00.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, topping the consensus estimate of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The firm had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same quarter in the previous year, the firm earned $1.46 EPS. The business’s quarterly revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Analysts predict that Lockheed Martin will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be paid a $3.45 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 annualized dividend and a yield of 2.6%. Lockheed Martin’s payout ratio is 50.87%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in LMT. Aspire Growth Partners LLC increased its position in Lockheed Martin by 0.7% during the 4th quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company’s stock worth $1,217,000 after purchasing an additional 17 shares in the last quarter. Sandy Cove Advisors LLC boosted its position in Lockheed Martin by 4.4% in the fourth quarter. Sandy Cove Advisors LLC now owns 430 shares of the aerospace company’s stock valued at $208,000 after buying an additional 18 shares in the last quarter. Stonebridge Financial Group LLC MO boosted its position in Lockheed Martin by 2.8% in the first quarter. Stonebridge Financial Group LLC MO now owns 658 shares of the aerospace company’s stock valued at $397,000 after buying an additional 18 shares in the last quarter. Rooted Wealth Advisors Inc. grew its stake in shares of Lockheed Martin by 1.8% during the first quarter. Rooted Wealth Advisors Inc. now owns 1,036 shares of the aerospace company’s stock worth $602,000 after buying an additional 18 shares during the last quarter. Finally, Sierra Summit Advisors LLC grew its stake in shares of Lockheed Martin by 0.9% during the fourth quarter. Sierra Summit Advisors LLC now owns 2,250 shares of the aerospace company’s stock worth $1,088,000 after buying an additional 19 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

About Lockheed Martin

Lockheed Martin Corporation is a global aerospace, defense and technology company that develops and produces systems for government and commercial customers, with the U.S. Department of Defense serving as its largest customer. Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

The company’s products and services include military aircraft such as the F-35 Lightning II, F-16 and C-130; air and missile defense systems; precision weapons; helicopters and maritime systems; radar, sensors and command-and-control technologies; satellites; space exploration systems; and missile-warning and strategic defense capabilities.

Lockheed Martin was created in 1995 through the merger of Lockheed Corporation and Martin Marietta.