Citigroup Lowers Lockheed Martin (NYSE:LMT) Price Target to $571.00

Lockheed Martin (NYSE:LMT) had its target price decreased by equities research analysts at Citigroup from $675.00 to $571.00 in a research note issued on Monday,MarketScreener reports. The firm presently has a “neutral” rating on the aerospace company’s stock. Citigroup’s target price suggests a potential upside of 10.19% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Truist Financial boosted their target price on shares of Lockheed Martin from $605.00 to $695.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Royal Bank Of Canada cut their price target on shares of Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating for the company in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating on the stock in a research report on Friday, April 24th. Finally, Jefferies Financial Group restated a “hold” rating and set a $595.00 price objective on shares of Lockheed Martin in a research report on Sunday, April 26th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Hold” and a consensus price target of $620.68.

Lockheed Martin Price Performance

Lockheed Martin stock traded up $2.20 during mid-day trading on Monday, reaching $518.21. 79,085 shares of the company were exchanged, compared to its average volume of 1,703,838. The company has a fifty day simple moving average of $590.88 and a 200-day simple moving average of $555.16. Lockheed Martin has a 12 month low of $410.11 and a 12 month high of $692.00. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.14 and a quick ratio of 0.94. The firm has a market cap of $119.48 billion, a PE ratio of 25.03, a PEG ratio of 0.93 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last released its earnings results 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). The company had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The business’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. As a group, equities research analysts expect that Lockheed Martin will post 29.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lockheed Martin

Several hedge funds have recently modified their holdings of the company. Oppenheimer & Co. Inc. raised its stake in Lockheed Martin by 9.3% during the third quarter. Oppenheimer & Co. Inc. now owns 39,410 shares of the aerospace company’s stock worth $19,674,000 after buying an additional 3,352 shares during the last quarter. Welch Group LLC lifted its stake in shares of Lockheed Martin by 1.5% in the 4th quarter. Welch Group LLC now owns 132,684 shares of the aerospace company’s stock valued at $64,175,000 after purchasing an additional 1,999 shares during the period. Jain Global LLC bought a new stake in shares of Lockheed Martin during the 3rd quarter valued at about $38,064,000. World Investment Advisors grew its stake in Lockheed Martin by 54.7% during the fourth quarter. World Investment Advisors now owns 14,739 shares of the aerospace company’s stock worth $7,129,000 after purchasing an additional 5,214 shares during the period. Finally, Clough Capital Partners L P bought a new stake in Lockheed Martin in the third quarter worth approximately $31,018,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

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.