JPMorgan Chase & Co. Issues Positive Forecast for Lockheed Martin (NYSE:LMT) Stock Price

Lockheed Martin (NYSE:LMTFree Report) had its price target increased by JPMorgan Chase & Co. from $515.00 to $680.00 in a research report released on Friday morning,MarketScreener reports. They currently have a neutral rating on the aerospace company’s stock.

A number of other equities research analysts also recently weighed in on LMT. Citigroup boosted their price target on Lockheed Martin from $505.00 to $592.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. Truist Financial boosted their target price on shares of Lockheed Martin from $605.00 to $695.00 and gave the company a “buy” rating in a research note on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Lockheed Martin in a research report on Wednesday, October 8th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $586.00 price target on shares of Lockheed Martin in a research note on Monday, January 12th. Finally, Wall Street Zen downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 13th. Five equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $577.29.

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Lockheed Martin Trading Up 1.9%

Shares of LMT stock opened at $634.31 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 3.05. The stock has a market cap of $146.78 billion, a price-to-earnings ratio of 29.52, a price-to-earnings-growth ratio of 1.78 and a beta of 0.24. The firm’s 50 day moving average price is $509.69 and its two-hundred day moving average price is $480.81. Lockheed Martin has a fifty-two week low of $410.11 and a fifty-two week high of $645.67.

Lockheed Martin (NYSE:LMTGet Free Report) last released its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing the consensus estimate of $6.33 by ($0.53). Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The company had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same period last year, the firm posted $7.67 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. On average, analysts anticipate that Lockheed Martin will post 27.15 EPS for the current year.

Institutional Investors Weigh In On Lockheed Martin

Several institutional investors and hedge funds have recently added to or reduced their stakes in LMT. Secured Retirement Advisors LLC increased its holdings in shares of Lockheed Martin by 288.6% during the 4th quarter. Secured Retirement Advisors LLC now owns 3,128 shares of the aerospace company’s stock worth $1,513,000 after purchasing an additional 2,323 shares during the period. Citizens Financial Group Inc. RI boosted its holdings in Lockheed Martin by 11.6% during the fourth quarter. Citizens Financial Group Inc. RI now owns 54,862 shares of the aerospace company’s stock valued at $26,535,000 after purchasing an additional 5,716 shares in the last quarter. Laurel Wealth Advisors LLC bought a new stake in Lockheed Martin in the fourth quarter valued at $104,000. Spectrum Financial Alliance Ltd LLC grew its holdings in shares of Lockheed Martin by 12.7% in the 4th quarter. Spectrum Financial Alliance Ltd LLC now owns 98,931 shares of the aerospace company’s stock worth $47,850,000 after purchasing an additional 11,176 shares during the last quarter. Finally, Trifecta Capital Advisors LLC grew its stake in Lockheed Martin by 1.1% during the fourth quarter. Trifecta Capital Advisors LLC now owns 11,403 shares of the aerospace company’s stock worth $5,515,000 after buying an additional 123 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

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Lockheed Martin Company Profile

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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.

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Analyst Recommendations for Lockheed Martin (NYSE:LMT)

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