Lockheed Martin (NYSE:LMT) Trading 1.7% Higher – Should You Buy?

Lockheed Martin Corporation (NYSE:LMT) shares traded up 1.7% on Tuesday . The company traded as high as $522.51 and last traded at $521.1010. 1,138,186 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 1,745,977 shares. The stock had previously closed at $512.25.

Analyst Ratings Changes

Several equities research analysts have recently commented on LMT shares. The Goldman Sachs Group boosted their price target on Lockheed Martin from $464.00 to $517.00 and gave the stock a “sell” rating in a research note on Monday, February 2nd. DZ Bank raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. BNP Paribas Exane decreased their price target on Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. Wells Fargo & Company started coverage on Lockheed Martin in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $650.00 price target on the stock. Finally, Jefferies Financial Group reissued a “hold” rating and set a $595.00 price target on shares of Lockheed Martin in a research note on Sunday, April 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and a consensus price target of $628.63.

Lockheed Martin Price Performance

The company has a fifty day simple moving average of $602.68 and a two-hundred day simple moving average of $554.24. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.94 and a current ratio of 1.14. The company has a market capitalization of $120.15 billion, a price-to-earnings ratio of 25.23, a P/E/G ratio of 0.92 and a beta of 0.10.

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

Institutional Trading of Lockheed Martin

Large investors have recently added to or reduced their stakes in the stock. Basso Capital Management L.P. acquired a new stake in Lockheed Martin in the 4th quarter valued at $25,000. United Financial Planning Group LLC bought a new position in shares of Lockheed Martin during the third quarter worth about $25,000. Clarity Asset Management Inc. bought a new position in shares of Lockheed Martin during the fourth quarter worth about $26,000. Triumph Capital Management lifted its holdings in Lockheed Martin by 66.7% in the fourth quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 22 shares during the last quarter. Finally, Grey Fox Wealth Advisors LLC bought a new position in Lockheed Martin in the third quarter worth about $27,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

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.