Lockheed Martin (NYSE:LMT) Given New $570.00 Price Target at TD Cowen

Lockheed Martin (NYSE:LMT) had its price objective decreased by equities research analysts at TD Cowen from $600.00 to $570.00 in a report released on Friday, Benzinga reports. The firm currently has a “hold” rating on the aerospace company’s stock. TD Cowen’s price objective points to a potential upside of 12.01% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Barclays initiated coverage on shares of Lockheed Martin in a research note on Thursday. They issued an “equal weight” rating and a $554.00 target price on the stock. Jefferies Financial Group restated a “hold” rating on shares of Lockheed Martin in a research note on Wednesday, September 2nd. Wall Street Zen raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 20th. Morgan Stanley raised their target price on Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Finally, Citigroup upped their price target on Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and a consensus target price of $634.50.

Lockheed Martin Stock Performance

LMT stock traded up $1.01 during midday trading on Friday, hitting $508.90. The stock had a trading volume of 270,438 shares, compared to its average volume of 1,443,823. Lockheed Martin has a 52 week low of $437.25 and a 52 week high of $692.00. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34. The stock has a 50-day simple moving average of $549.35 and a 200 day simple moving average of $547.40. The firm has a market capitalization of $117.45 billion, a price-to-earnings ratio of 18.78, a P/E/G ratio of 1.08 and a beta of 0.09.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The firm had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same quarter in the previous year, the firm posted $1.46 EPS. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, equities research analysts anticipate that Lockheed Martin will post 30.44 earnings per share for the current year.

Institutional Trading of Lockheed Martin

Several institutional investors and hedge funds have recently added to or reduced their stakes in LMT. Monument Capital Management boosted its holdings in Lockheed Martin by 39.1% during the third quarter. Monument Capital Management now owns 1,345 shares of the aerospace company’s stock worth $685,000 after buying an additional 378 shares during the last quarter. Diversified Management Inc. boosted its holdings in shares of Lockheed Martin by 234.1% in the third quarter. Diversified Management Inc. now owns 2,098 shares of the aerospace company’s stock valued at $1,068,000 after buying an additional 1,470 shares during the period. First Heartland Consultants Inc. increased its position in shares of Lockheed Martin by 22.0% during the third quarter. First Heartland Consultants Inc. now owns 1,304 shares of the aerospace company’s stock worth $664,000 after acquiring an additional 235 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Lockheed Martin by 8.5% during the third quarter. GAMMA Investing LLC now owns 7,372 shares of the aerospace company’s stock worth $3,754,000 after acquiring an additional 575 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Lockheed Martin by 29.3% during the third quarter. Farther Finance Advisors LLC now owns 23,810 shares of the aerospace company’s stock worth $12,125,000 after acquiring an additional 5,402 shares during the period. 74.19% of the stock is owned by institutional investors.

Key Stories Impacting Lockheed Martin

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: Lockheed’s record backlog and raised full-year outlook are being cited as reasons the market may be undervaluing the company. At roughly 18 times trailing earnings, its valuation is below its recent quarter-end average, potentially supporting a recovery if execution improves. Is The Market Underpricing Lockheed Martin Stock?
• Positive Sentiment: UBS assigned Lockheed a $674 price target, with missile demand identified as a potential source of additional upside. The target is well above the recent trading range and could improve sentiment toward the shares. Lockheed Martin Gets $674 UBS Price Target
• Positive Sentiment: A Pentagon framework agreement is expected to accelerate production and deliveries of Lockheed’s AIM-260 Joint Advanced Tactical Missile. The program could provide multiyear revenue visibility and support longer-term growth in the missiles business. Can Lockheed Martin’s AIM-260 Missile Deliver Multiyear Growth?
• Positive Sentiment: Rothschild & Co. initiated coverage with a Buy rating, while other analyses argue that missile growth, margin recovery and Lockheed’s sizable backlog could improve the earnings outlook. Rothschild Initiates Coverage With Buy
• Neutral Sentiment: A Zacks report identifies Lockheed as a potential earnings-estimate beater using its Earnings ESP methodology, but this is a predictive screening signal rather than a confirmed earnings result. These 2 Aerospace Stocks Could Beat Earnings
• Negative Sentiment: LMT recently underperformed the broader market and suffered a sharper single-session decline, reflecting continuing investor concerns despite its backlog and defense-demand opportunities. Lockheed Martin Suffers a Larger Drop Than the General Market

About Lockheed Martin

Lockheed Martin Corporation is a global aerospace, defense and technology company headquartered in Bethesda, Maryland. The company develops and produces advanced systems for government and commercial customers, with the U.S. Department of Defense and other U.S. government agencies representing its primary customers.

Its principal activities include the design and manufacture of military aircraft, missiles, air and missile defense systems, radar and sensor technologies, naval and rotary-wing systems, satellites, space exploration systems, and cybersecurity and information technology solutions.