UBS Group Issues Pessimistic Forecast for Lockheed Martin (NYSE:LMT) Stock Price

Lockheed Martin (NYSE:LMT) had its target price lowered by investment analysts at UBS Group from $683.00 to $538.00 in a report released on Tuesday,MarketScreener reports. UBS Group’s price target points to a potential upside of 3.68% from the company’s current price.

A number of other equities analysts also recently issued reports on the company. Wells Fargo & Company initiated coverage on Lockheed Martin in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $650.00 price target on the stock. Weiss Ratings downgraded Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. Morgan Stanley dropped their target price on Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating on the stock in a research report on Friday, April 24th. Susquehanna cut their price target on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a research note on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $613.63.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $518.92 on Tuesday. Lockheed Martin has a 52 week low of $410.11 and a 52 week high of $692.00. 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 has a 50 day moving average price of $522.43 and a 200-day moving average price of $568.01. The firm has a market capitalization of $119.64 billion, a PE ratio of 25.14, a P/E/G ratio of 0.91 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). The company had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $18.38 billion. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the firm posted $7.28 EPS. 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 year.

Institutional Trading of Lockheed Martin

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Basso Capital Management L.P. purchased a new position in shares of Lockheed Martin during the 4th quarter valued at about $25,000. United Financial Planning Group LLC bought a new stake in Lockheed Martin during the 3rd quarter worth approximately $25,000. Clarity Asset Management Inc. bought a new stake in Lockheed Martin during the 4th quarter worth approximately $26,000. Triumph Capital Management raised its stake in Lockheed Martin by 66.7% during the 4th 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 period. Finally, Bard Associates Inc. purchased a new position in Lockheed Martin during the fourth quarter valued at approximately $27,000. Hedge funds and other institutional investors 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.