Lockheed Martin (NYSE:LMT) Shares Up 1.1% – Here’s What Happened

Shares of Lockheed Martin Corporation (NYSE:LMT) shot up 1.1% during trading on Monday . The company traded as high as $515.63 and last traded at $512.1790. 1,325,305 shares traded hands during mid-day trading, a decline of 24% from the average session volume of 1,752,242 shares. The stock had previously closed at $506.51.

Wall Street Analyst Weigh In

LMT has been the subject of several research reports. Robert W. Baird lifted their price objective on shares of Lockheed Martin from $550.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 16th. The Goldman Sachs Group lifted their target price on shares of Lockheed Martin from $464.00 to $517.00 and gave the company a “sell” rating in a report on Monday, February 2nd. Sanford C. Bernstein boosted their price objective on Lockheed Martin from $654.00 to $661.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a research report on Friday, April 24th. Finally, Wall Street Zen cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Lockheed Martin presently has an average rating of “Hold” and a consensus price target of $628.63.

Lockheed Martin Price Performance

The firm has a market cap of $118.09 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 0.92 and a beta of 0.10. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. The company’s 50-day moving average price is $608.10 and its 200-day moving average price is $554.07.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The company had revenue of $18.02 billion for the quarter, compared to analyst estimates of $18.38 billion. During the same period in the previous year, the business posted $7.28 EPS. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, equities research analysts forecast that Lockheed Martin Corporation will post 29.88 EPS for the current year.

Hedge Funds Weigh In On Lockheed Martin

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. IAG Wealth Partners LLC lifted its holdings in Lockheed Martin by 4,800.0% in the first quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 48 shares during the period. United Financial Planning Group LLC acquired a new stake in Lockheed Martin in the third quarter valued at $25,000. Basso Capital Management L.P. acquired a new stake in Lockheed Martin in the fourth quarter valued at $25,000. Grey Fox Wealth Advisors LLC acquired a new stake in Lockheed Martin in the third quarter valued at $27,000. Finally, Clarity Asset Management Inc. acquired a new stake in Lockheed Martin in the fourth quarter valued at $26,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Company Profile

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.