Wall Street Zen Downgrades Lockheed Martin (NYSE:LMT) to Buy

Lockheed Martin (NYSE:LMT) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other analysts also recently commented on the stock. Truist Financial boosted their price target on shares of Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. BNP Paribas Exane started coverage on Lockheed Martin in a report on Tuesday, November 18th. They set an “outperform” rating and a $550.00 target price on the stock. Bank of America cut their target price on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research report on Thursday, August 21st. Robert W. Baird lifted their price target on Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Finally, Morgan Stanley boosted their price objective on Lockheed Martin from $530.00 to $630.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $508.72.

Lockheed Martin Stock Up 1.1%

Shares of Lockheed Martin stock opened at $480.03 on Friday. Lockheed Martin has a 1-year low of $410.11 and a 1-year high of $516.00. The company has a market capitalization of $111.08 billion, a P/E ratio of 26.80, a PEG ratio of 1.45 and a beta of 0.24. The business’s fifty day moving average price is $476.03 and its two-hundred day moving average price is $465.58. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, beating analysts’ consensus estimates of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The company had revenue of $18.61 billion for the quarter, compared to analyst estimates of $18.45 billion. During the same period last year, the company earned $6.84 earnings per share. The company’s quarterly revenue 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. As a group, research analysts forecast that Lockheed Martin will post 27.15 EPS for the current year.

Insider Activity

In other news, COO John Frank A. St sold 7,792 shares of the company’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the completion of the sale, the chief operating officer directly owned 1 shares of the company’s stock, valued at $491.04. This represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.14% of the stock is owned by company insiders.

Institutional Trading of Lockheed Martin

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Stillwater Wealth Management Group purchased a new stake in Lockheed Martin during the third quarter valued at about $2,506,000. Investment Research Partners LLC purchased a new position in shares of Lockheed Martin in the third quarter worth approximately $355,000. Vermillion & White Wealth Management Group LLC raised its holdings in shares of Lockheed Martin by 430.8% during the third quarter. Vermillion & White Wealth Management Group LLC now owns 138 shares of the aerospace company’s stock valued at $69,000 after acquiring an additional 112 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Lockheed Martin in the 3rd quarter valued at approximately $40,000. Finally, Trust Investment Advisors purchased a new stake in shares of Lockheed Martin in the 3rd quarter valued at approximately $214,000. Institutional investors and hedge funds 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.