Lockheed Martin (NYSE:LMT) Now Covered by Barclays

Research analysts at Barclays began coverage on shares of Lockheed Martin (NYSE:LMT) in a research report issued on Friday, Marketbeat.com reports. The firm set an “equal weight” rating and a $554.00 price target on the aerospace company’s stock. Barclays‘s price target points to a potential upside of 8.68% from the company’s previous close.

A number of other research firms also recently issued reports on LMT. Robert W. Baird set a $700.00 price objective on shares of Lockheed Martin in a report on Friday, July 24th. Wall Street Zen raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 20th. TD Cowen cut their price objective on shares of Lockheed Martin from $600.00 to $570.00 and set a “hold” rating on the stock in a research report on Friday. Wells Fargo & Company set a $600.00 price objective on shares of Lockheed Martin in a research note on Monday, July 27th. Finally, Rothschild & Co Redburn started coverage on shares of Lockheed Martin in a report on Tuesday. They set a “buy” rating and a $650.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $634.50.

Lockheed Martin Stock Up 0.4%

Shares of NYSE LMT opened at $509.74 on Friday. The company’s fifty day simple moving average is $547.87 and its 200 day simple moving average is $547.13. Lockheed Martin has a 12-month low of $437.25 and a 12-month high of $692.00. The firm has a market cap of $117.64 billion, a PE ratio of 18.79, a P/E/G ratio of 1.11 and a beta of 0.09. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34.

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

Institutional Trading of Lockheed Martin

Large investors have recently modified their holdings of the stock. Stonebridge Financial Group LLC MO grew its stake in Lockheed Martin by 2.8% in the 1st quarter. Stonebridge Financial Group LLC MO now owns 658 shares of the aerospace company’s stock valued at $397,000 after acquiring an additional 18 shares during the last quarter. Rooted Wealth Advisors Inc. lifted its stake in shares of Lockheed Martin by 1.8% during the first quarter. Rooted Wealth Advisors Inc. now owns 1,036 shares of the aerospace company’s stock worth $602,000 after purchasing an additional 18 shares in the last quarter. Beacon Capital Management LLC increased its stake in Lockheed Martin by 4.5% during the 2nd quarter. Beacon Capital Management LLC now owns 442 shares of the aerospace company’s stock worth $225,000 after buying an additional 19 shares during the period. Lee Johnson Capital Management LLC increased its stake in shares of Lockheed Martin by 1.6% in the first quarter. Lee Johnson Capital Management LLC now owns 1,239 shares of the aerospace company’s stock worth $749,000 after buying an additional 20 shares during the last quarter. Finally, Lexington Hill Partners LLC increased its holdings in shares of Lockheed Martin by 2.0% in the 2nd quarter. Lexington Hill Partners LLC now owns 1,004 shares of the aerospace company’s stock worth $512,000 after acquiring an additional 20 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin News Summary

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

• Positive Sentiment: Lockheed Martin won its first S-70i Black Hawk training contract from the Philippines. The award expands the company’s defense-training business and could create additional international revenue opportunities. Can Lockheed Martin’s Training Solutions Expand Its Defense Business?
• Positive Sentiment: Investors continue to focus on Lockheed’s record backlog, stronger missile demand and the Pentagon framework supporting the AIM-260 Joint Advanced Tactical Missile. Faster production and deliveries could provide multiyear revenue visibility. Can Lockheed Martin’s AIM-260 Missile Deliver Multiyear Growth?
• Positive Sentiment: Several analyses characterize LMT as undervalued after its recent decline, citing a forward-looking defense backlog, raised full-year outlook and a valuation below its recent historical average. UBS also published a $674 price target, while Rothschild & Co. initiated coverage with a Buy rating. Is The Market Underpricing Lockheed Martin Stock?
• Positive Sentiment: Lockheed announced the first flight of Morocco’s first F-16 Block 72, supporting the company’s international fighter-aircraft franchise and potential follow-on demand. Lockheed Martin Announces First Flight of Morocco’s First F-16 Block 72

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.