UBS Group Issues Pessimistic Forecast for Lockheed Martin (NYSE:LMT) Stock Price

Lockheed Martin (NYSE:LMT) had its price target lowered by stock analysts at UBS Group from $514.00 to $513.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the aerospace company’s stock. UBS Group’s price target would indicate a potential upside of 5.13% from the stock’s previous close.

Several other research analysts have also issued reports on the stock. Truist Financial increased their target price on shares of Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Royal Bank Of Canada increased their price objective on shares of Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 7th. Morgan Stanley raised their target price on Lockheed Martin from $530.00 to $630.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. JPMorgan Chase & Co. dropped their price target on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. Finally, Sanford C. Bernstein raised their price objective on Lockheed Martin from $497.00 to $545.00 and gave the company a “market perform” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $513.47.

Lockheed Martin Stock Up 0.2%

Shares of Lockheed Martin stock opened at $487.95 on Wednesday. The stock’s 50-day moving average is $476.56 and its 200 day moving average is $466.07. Lockheed Martin has a one year low of $410.11 and a one year high of $576.43. The firm has a market cap of $112.91 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 2.13 and a beta of 0.28. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.83.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, topping analysts’ consensus estimates of $6.33 by $0.62. The business had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the previous year, the company posted $6.84 earnings per share. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Equities research analysts anticipate that Lockheed Martin will post 27.15 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Barnes Dennig Private Wealth Management LLC raised its position in Lockheed Martin by 285.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock valued at $27,000 after buying an additional 40 shares during the last quarter. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Lockheed Martin in the 2nd quarter worth $28,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Lockheed Martin in the second quarter valued at about $29,000. TruNorth Capital Management LLC bought a new position in shares of Lockheed Martin during the first quarter valued at about $31,000. Finally, Frazier Financial Advisors LLC purchased a new position in Lockheed Martin during the second quarter worth about $34,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

About Lockheed Martin

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.