Lockheed Martin (NYSE:LMT) Price Target Lowered to $571.00 at Citigroup

Lockheed Martin (NYSE:LMT) had its price target cut by equities research analysts at Citigroup from $675.00 to $571.00 in a report issued on Monday,MarketScreener reports. The firm currently has a “neutral” rating on the aerospace company’s stock. Citigroup’s price target suggests a potential upside of 10.19% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. DZ Bank raised shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Wells Fargo & Company initiated coverage on Lockheed Martin in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $650.00 price target on the stock. JPMorgan Chase & Co. cut their price objective on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Wall Street Zen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Argus boosted their target price on Lockheed Martin from $530.00 to $735.00 and gave the stock a “buy” rating in a report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Lockheed Martin has a consensus rating of “Hold” and an average price target of $620.68.

Lockheed Martin Stock Up 0.4%

Shares of NYSE:LMT traded up $2.20 during trading on Monday, hitting $518.21. 79,085 shares of the company were exchanged, compared to its average volume of 1,703,838. The stock has a market cap of $119.48 billion, a price-to-earnings ratio of 25.03, a P/E/G ratio of 0.93 and a beta of 0.10. Lockheed Martin has a fifty-two week low of $410.11 and a fifty-two week high of $692.00. The firm has a fifty day moving average price of $590.88 and a two-hundred day moving average price of $555.16. 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 (NYSE:LMT) last released its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing the consensus estimate of $6.79 by ($0.35). The company had revenue of $18.02 billion during the quarter, compared to analyst estimates of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the company posted $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. As a group, research analysts anticipate that Lockheed Martin will post 29.88 earnings per share for the current fiscal year.

Institutional Trading of Lockheed Martin

Several institutional investors have recently added to or reduced their stakes in LMT. Charles Schwab Investment Management Inc. lifted its holdings in shares of Lockheed Martin by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company’s stock worth $4,178,399,000 after buying an additional 114,900 shares in the last quarter. Morgan Stanley grew its stake in shares of Lockheed Martin by 10.1% in the fourth quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock valued at $2,770,729,000 after acquiring an additional 527,523 shares in the last quarter. Wellington Management Group LLP increased its position in 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 worth $1,190,493,000 after acquiring an additional 79,491 shares during the period. Invesco Ltd. raised its stake in Lockheed Martin by 4.2% in the 3rd quarter. Invesco Ltd. now owns 2,196,058 shares of the aerospace company’s stock worth $1,096,294,000 after purchasing an additional 87,663 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in Lockheed Martin by 0.6% in the 4th quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company’s stock worth $807,866,000 after purchasing an additional 10,349 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

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.