Lockheed Martin (NYSE:LMT) Price Target Cut to $560.00 by Analysts at TD Cowen

Lockheed Martin (NYSE:LMT) had its target price cut by research analysts at TD Cowen from $600.00 to $560.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the aerospace company’s stock. TD Cowen’s price objective would indicate a potential upside of 8.05% from the stock’s previous close.

Other analysts have also issued research reports about the company. Weiss Ratings lowered Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. Bank of America dropped their target price on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. Wall Street Zen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Jefferies Financial Group set a $575.00 price objective on shares of Lockheed Martin in a research report on Thursday, June 25th. Finally, DZ Bank upgraded shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $607.58.

Lockheed Martin Stock Down 0.9%

Shares of NYSE:LMT traded down $4.95 during trading on Monday, reaching $518.27. The stock had a trading volume of 293,597 shares, compared to its average volume of 1,588,538. Lockheed Martin has a one year low of $410.11 and a one year high of $692.00. The company has a market capitalization of $119.49 billion, a P/E ratio of 25.10, a PEG ratio of 0.94 and a beta of 0.11. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. The firm’s 50-day simple moving average is $521.71 and its 200 day simple moving average is $571.07.

Lockheed Martin (NYSE:LMT) last posted 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). Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The firm had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $18.38 billion. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter last year, the firm earned $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. As a group, research analysts expect that Lockheed Martin will post 29.94 EPS for the current fiscal year.

Hedge Funds Weigh In On Lockheed Martin

Large investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in 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 valued at $4,178,399,000 after buying an additional 114,900 shares during the period. Morgan Stanley raised its position 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 worth $2,770,729,000 after acquiring an additional 527,523 shares during the period. Franklin Resources Inc. raised its position in shares of Lockheed Martin by 0.6% in the fourth quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company’s stock worth $807,866,000 after acquiring an additional 10,349 shares during the period. Deutsche Bank AG boosted its stake in shares of Lockheed Martin by 7.4% during the 4th quarter. Deutsche Bank AG now owns 1,440,840 shares of the aerospace company’s stock worth $696,891,000 after acquiring an additional 99,403 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Lockheed Martin by 107.3% during the 4th quarter. AQR Capital Management LLC now owns 1,293,823 shares of the aerospace company’s stock worth $625,784,000 after acquiring an additional 669,604 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

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.