Lockheed Martin (NYSE:LMT) Given New $614.00 Price Target at Sanford C. Bernstein

Lockheed Martin (NYSE:LMT) had its target price lowered by equities research analysts at Sanford C. Bernstein from $661.00 to $614.00 in a research report issued on Monday, Marketbeat reports. The firm currently has a “market perform” rating on the aerospace company’s stock. Sanford C. Bernstein’s target price points to a potential upside of 18.59% from the company’s current price.

A number of other research firms also recently commented on LMT. Morgan Stanley dropped their price objective on Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating for the company in a report on Friday, April 24th. Argus boosted their target price on Lockheed Martin from $530.00 to $735.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Wall Street Zen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Citigroup lifted their price objective on shares of Lockheed Martin from $673.00 to $675.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 1st. Finally, Susquehanna decreased their price objective on shares of Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $626.16.

Lockheed Martin Trading Up 0.3%

Shares of NYSE:LMT traded up $1.75 during trading on Monday, hitting $517.76. 64,565 shares of the company’s stock were exchanged, compared to its average volume of 1,703,838. Lockheed Martin has a 1-year low of $410.11 and a 1-year high of $692.00. The firm has a 50-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. The firm has a market cap of $119.37 billion, a P/E ratio of 25.11, a PEG ratio of 0.93 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). The business had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. Lockheed Martin’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business posted $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities analysts predict that Lockheed Martin will post 29.88 earnings per share for the current year.

Hedge Funds Weigh In On Lockheed Martin

Institutional investors have recently modified their holdings of the business. Cerro Pacific Wealth Advisors LLC increased its stake in Lockheed Martin by 1.2% during the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company’s stock worth $665,000 after purchasing an additional 16 shares in the last quarter. Garner Asset Management Corp lifted its stake in Lockheed Martin by 0.9% in the fourth quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company’s stock valued at $839,000 after buying an additional 16 shares in the last quarter. Davis R M Inc. lifted its stake in Lockheed Martin by 1.3% in the fourth quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company’s stock valued at $612,000 after buying an additional 16 shares in the last quarter. Broadway Wealth Solutions Inc. boosted its holdings in shares of Lockheed Martin by 3.6% in the fourth quarter. Broadway Wealth Solutions Inc. now owns 484 shares of the aerospace company’s stock valued at $234,000 after buying an additional 17 shares during the period. Finally, Aspire Growth Partners LLC increased its position in shares of Lockheed Martin by 0.7% during the fourth quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company’s stock worth $1,217,000 after acquiring an additional 17 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

About Lockheed Martin

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.