Lockheed Martin (NYSE:LMT) Stock Price Expected to Rise, Susquehanna Analyst Says

Lockheed Martin (NYSE:LMT) had its target price increased by stock analysts at Susquehanna from $725.00 to $740.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “positive” rating on the aerospace company’s stock. Susquehanna’s price target would suggest a potential upside of 14.96% from the company’s previous close.

Several other research analysts also recently commented on LMT. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $654.00 price target on shares of Lockheed Martin in a research report on Friday, February 6th. Weiss Ratings downgraded shares of Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 6th. Robert W. Baird boosted their target price on shares of Lockheed Martin from $550.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, January 16th. The Goldman Sachs Group upped their target price on shares of Lockheed Martin from $464.00 to $517.00 and gave the company a “sell” rating in a research note on Monday, February 2nd. Finally, Morgan Stanley set a $675.00 price target on shares of Lockheed Martin in a report on Wednesday, February 4th. Six investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $623.16.

Lockheed Martin Stock Performance

Lockheed Martin stock traded up $7.38 on Wednesday, reaching $643.71. 436,921 shares of the stock were exchanged, compared to its average volume of 1,862,731. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05. Lockheed Martin has a twelve month low of $410.11 and a twelve month high of $692.00. The firm has a fifty day moving average price of $621.48 and a two-hundred day moving average price of $528.40. The stock has a market cap of $148.10 billion, a PE ratio of 29.96, a PEG ratio of 1.16 and a beta of 0.22.

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

Hedge Funds Weigh In On Lockheed Martin

Hedge funds and other institutional investors have recently made changes to their positions in the business. Carnegie Investment Counsel raised its position in Lockheed Martin by 11.4% in the 3rd quarter. Carnegie Investment Counsel now owns 29,639 shares of the aerospace company’s stock valued at $14,796,000 after purchasing an additional 3,031 shares during the last quarter. VCI Wealth Management LLC bought a new stake in shares of Lockheed Martin during the third quarter worth $3,075,000. DAVENPORT & Co LLC increased its stake in shares of Lockheed Martin by 22.4% in the third quarter. DAVENPORT & Co LLC now owns 25,423 shares of the aerospace company’s stock valued at $12,688,000 after buying an additional 4,652 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Lockheed Martin by 29.2% in the third quarter. Farther Finance Advisors LLC now owns 10,036 shares of the aerospace company’s stock valued at $5,010,000 after buying an additional 2,270 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of Lockheed Martin by 9.3% in the third quarter. Oppenheimer & Co. Inc. now owns 39,410 shares of the aerospace company’s stock valued at $19,674,000 after buying an additional 3,352 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

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.