Susquehanna Issues Positive Forecast for Lockheed Martin (NYSE:LMT) Stock Price

Lockheed Martin (NYSE:LMT) had its target price hoisted by Susquehanna from $725.00 to $740.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “positive” rating on the aerospace company’s stock. Susquehanna’s price objective indicates a potential upside of 14.96% from the company’s current price.

A number of other brokerages have also commented on LMT. DZ Bank lowered Lockheed Martin from a “buy” rating to a “hold” rating and set a $665.00 price objective for the company. in a research report on Tuesday, February 3rd. Argus raised their target price on shares of Lockheed Martin from $530.00 to $735.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Lockheed Martin from $492.00 to $611.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. Wall Street Zen upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Truist Financial raised their price objective on shares of Lockheed Martin from $605.00 to $695.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Six equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $623.16.

Lockheed Martin Price Performance

Shares of LMT traded up $7.38 during mid-day trading on Wednesday, hitting $643.71. 436,921 shares of the company traded hands, compared to its average volume of 1,862,731. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05. The stock has a market capitalization of $148.10 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 1.16 and a beta of 0.22. The business has a 50-day moving average of $621.48 and a 200 day moving average of $528.40. Lockheed Martin has a one year low of $410.11 and a one year high of $692.00.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 earnings per share for the quarter, missing the consensus estimate of $6.33 by ($0.53). Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The company had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter last year, the firm earned $7.67 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, equities analysts expect that Lockheed Martin will post 27.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Basso Capital Management L.P. acquired a new position in Lockheed Martin during the 4th quarter worth approximately $25,000. United Financial Planning Group LLC acquired a new position in shares of Lockheed Martin during the 3rd quarter worth about $25,000. Clarity Asset Management Inc. bought a new stake in Lockheed Martin in the fourth quarter valued at approximately $26,000. Triumph Capital Management raised its stake in Lockheed Martin by 66.7% in the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 22 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC lifted its holdings in Lockheed Martin by 285.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 40 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

About Lockheed Martin

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.