Lockheed Martin (NYSE:LMT) Coverage Initiated by Analysts at Guggenheim

Investment analysts at Guggenheim assumed coverage on shares of Lockheed Martin (NYSE:LMT) in a research note issued to investors on Wednesday, Briefing.com reports. The firm set a “buy” rating and a $735.00 price target on the aerospace company’s stock. Guggenheim‘s price objective suggests a potential upside of 14.93% from the stock’s previous close.

Several other analysts also recently weighed in on the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a $615.00 target price on shares of Lockheed Martin in a report on Sunday, October 25th. TD Cowen cut their price target on shares of Lockheed Martin from $600.00 to $570.00 and set a “hold” rating for the company in a report on Friday, October 9th. Royal Bank Of Canada raised their price objective on shares of Lockheed Martin from $550.00 to $600.00 and gave the company a “sector perform” rating in a research report on Friday, October 23rd. Bank of America restated a “neutral” rating and issued a $620.00 price objective on shares of Lockheed Martin in a research report on Monday, October 26th. Finally, Citigroup lifted their price objective on Lockheed Martin from $691.00 to $706.00 and gave the company a “buy” rating in a report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $647.00.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $639.52 on Wednesday. The stock has a fifty day moving average price of $547.27 and a 200 day moving average price of $569.64. Lockheed Martin has a 1-year low of $437.25 and a 1-year high of $692.00. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.26 and a quick ratio of 1.10. The company has a market cap of $147.74 billion, a PE ratio of 22.72, a P/E/G ratio of 1.36 and a beta of 0.07.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Thursday, October 22nd. The aerospace company reported $7.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.52 by $0.45. The company had revenue of $20.71 billion for the quarter, compared to analysts’ expectations of $20.48 billion. Lockheed Martin had a net margin of 8.23% and a return on equity of 83.41%. Lockheed Martin’s revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $6.95 EPS. Sell-side analysts forecast that Lockheed Martin will post 30.66 EPS for the current year.

Institutional Investors Weigh In On Lockheed Martin

Several institutional investors have recently made changes to their positions in LMT. State Street Corp increased its holdings in Lockheed Martin by 1.3% in the second quarter. State Street Corp now owns 32,975,170 shares of the aerospace company’s stock valued at $16,799,530,000 after buying an additional 419,582 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $9,617,574,000. Corient Private Wealth LP boosted its stake in shares of Lockheed Martin by 3,983.3% during the 2nd quarter. Corient Private Wealth LP now owns 7,110,961 shares of the aerospace company’s stock worth $3,622,750,000 after acquiring an additional 6,936,814 shares in the last quarter. Sanders Capital LLC boosted its stake in shares of Lockheed Martin by 44.8% during the 3rd quarter. Sanders Capital LLC now owns 3,030,638 shares of the aerospace company’s stock worth $1,543,352,000 after acquiring an additional 937,105 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Lockheed Martin in the 2nd quarter worth approximately $645,258,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Key Lockheed Martin News

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

• Positive Sentiment: Lockheed plans to invest $420 million to expand its Camden, Arkansas, operations, adding an expected 650 jobs over five years. The investment should increase manufacturing capacity as demand for missiles and other defense products grows. Lockheed Martin Expands in Camden, Arkansas with $420M Investment
• Positive Sentiment: A recent analysis highlights Lockheed’s $58.6 billion multiyear PAC-3 MSE commitment and plans to lift annual production capacity from about 600 to 2,000 interceptors. Its record $292 billion backlog offers revenue visibility, although realizing the benefit depends on scaling output profitably and converting orders into cash flow. The Lockheed Martin Business I’d Watch More Closely Than the F-35
• Neutral Sentiment: Wells Fargo raised its price target to $700 from $600 but kept an equal-weight rating, signaling a higher valuation outlook without a bullish rating change. Wells Fargo price-target update
• Negative Sentiment: Lockheed agreed to pay $29.5 million to settle a federal probe into its diversity efforts. The payment is modest relative to the company’s scale, but the investigation and settlement may weigh on sentiment toward its government-contractor business. Lockheed Martin to Pay $29.5 Million to Settle Federal Probe Over Diversity Efforts

Lockheed Martin Company Profile

Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers.

Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.

Lockheed Martin serves the U.S.