Deutsche Bank Aktiengesellschaft Cuts Lockheed Martin (NYSE:LMT) Price Target to $492.00

Lockheed Martin (NYSE:LMT) had its price target lowered by equities research analysts at Deutsche Bank Aktiengesellschaft from $517.00 to $492.00 in a report issued on Wednesday,MarketScreener reports. The firm currently has a “hold” rating on the aerospace company’s stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 2.49% from the company’s current price.

Other analysts also recently issued reports about the company. Sanford C. Bernstein upped their target price on Lockheed Martin from $497.00 to $545.00 and gave the company a “market perform” rating in a research report on Monday, October 20th. Bank of America decreased their price objective on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. Royal Bank Of Canada lifted their target price on Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 7th. The Goldman Sachs Group increased their price target on Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a research report on Friday, October 10th. Finally, Alembic Global Advisors raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a report on Thursday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Lockheed Martin has a consensus rating of “Hold” and an average price target of $508.72.

Lockheed Martin Stock Up 1.1%

Shares of LMT traded up $5.15 during mid-day trading on Wednesday, hitting $480.03. 1,383,011 shares of the company’s stock were exchanged, compared to its average volume of 1,321,043. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. Lockheed Martin has a twelve month low of $410.11 and a twelve month high of $516.00. The firm has a fifty day moving average of $476.03 and a two-hundred day moving average of $465.68. The stock has a market cap of $111.08 billion, a price-to-earnings ratio of 26.80, a P/E/G ratio of 1.37 and a beta of 0.24.

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

Insider Buying and Selling

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the business’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total value of $3,826,183.68. Following the completion of the sale, the chief operating officer owned 1 shares in the company, valued at approximately $491.04. The trade was a 99.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is owned by company insiders.

Institutional Trading of Lockheed Martin

A number of institutional investors have recently modified their holdings of LMT. Old North State Wealth Management LLC grew its holdings in Lockheed Martin by 2.0% during the 3rd quarter. Old North State Wealth Management LLC now owns 1,073 shares of the aerospace company’s stock valued at $539,000 after buying an additional 21 shares in the last quarter. Tyler Stone Wealth Management raised its stake in shares of Lockheed Martin by 3.3% in the first quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company’s stock valued at $306,000 after acquiring an additional 22 shares during the period. Investment Advisory Services Inc. TX ADV lifted its holdings in shares of Lockheed Martin by 4.7% in the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company’s stock worth $225,000 after acquiring an additional 22 shares during the last quarter. Broadway Wealth Solutions Inc. grew its stake in shares of Lockheed Martin by 4.5% during the second quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock valued at $237,000 after buying an additional 22 shares during the last quarter. Finally, GS Investments Inc. lifted its position in shares of Lockheed Martin by 1.0% during the third quarter. GS Investments Inc. now owns 2,231 shares of the aerospace company’s stock worth $1,114,000 after purchasing an additional 22 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

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.