Lockheed Martin (NYSE:LMT) Rating Increased to Strong-Buy at StockNews.com

Lockheed Martin (NYSE:LMT) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Friday.

Several other brokerages also recently weighed in on LMT. Citigroup upped their target price on Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. upped their price target on Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Melius Research upgraded shares of Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, September 3rd. UBS Group boosted their target price on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Robert W. Baird upped their target price on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Lockheed Martin currently has a consensus rating of “Moderate Buy” and an average target price of $611.00.

Lockheed Martin Trading Down 0.9 %

LMT traded down $4.44 on Friday, reaching $513.04. 1,284,725 shares of the company’s stock were exchanged, compared to its average volume of 1,079,210. Lockheed Martin has a twelve month low of $413.92 and a twelve month high of $618.95. The company’s 50 day moving average is $563.89 and its 200-day moving average is $530.36. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. The company has a market cap of $121.61 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 4.22 and a beta of 0.46.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $0.34. The company had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.77 earnings per share. Equities analysts predict that Lockheed Martin will post 26.94 earnings per share for the current year.

Institutional Investors Weigh In On Lockheed Martin

Several institutional investors and hedge funds have recently bought and sold shares of the business. Beaird Harris Wealth Management LLC grew its stake in Lockheed Martin by 196.0% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 148 shares of the aerospace company’s stock worth $87,000 after buying an additional 98 shares during the last quarter. American Trust boosted its holdings in shares of Lockheed Martin by 20.0% during the third quarter. American Trust now owns 1,553 shares of the aerospace company’s stock valued at $908,000 after acquiring an additional 259 shares during the period. Old North State Trust LLC grew its position in shares of Lockheed Martin by 4.3% during the third quarter. Old North State Trust LLC now owns 745 shares of the aerospace company’s stock worth $435,000 after acquiring an additional 31 shares during the last quarter. Synovus Financial Corp increased its holdings in shares of Lockheed Martin by 4.2% in the 3rd quarter. Synovus Financial Corp now owns 63,602 shares of the aerospace company’s stock worth $37,181,000 after acquiring an additional 2,558 shares during the period. Finally, Tidal Investments LLC lifted its position in Lockheed Martin by 106.0% in the 3rd quarter. Tidal Investments LLC now owns 25,878 shares of the aerospace company’s stock valued at $15,127,000 after purchasing an additional 13,315 shares during the last quarter. 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.