Lockheed Martin (NYSE:LMT) Shares Up 0.8% – Should You Buy?

Lockheed Martin Co. (NYSE:LMT) traded up 0.8% during mid-day trading on Monday . The company traded as high as $492.05 and last traded at $490.60. 1,331,181 shares traded hands during trading, an increase of 28% from the average session volume of 1,037,778 shares. The stock had previously closed at $486.86.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Royal Bank of Canada cut their price target on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Truist Financial started coverage on Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 target price on the stock. StockNews.com lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. TD Cowen lifted their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company lowered their price target on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $577.73.

Lockheed Martin Price Performance

The stock has a 50 day moving average price of $503.20 and a two-hundred day moving average price of $536.20. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The firm has a market capitalization of $120.08 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 3.96 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $0.34. The business had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.77 earnings per share. As a group, analysts expect that Lockheed Martin Co. will post 26.8 EPS for the current year.

Institutional Trading of Lockheed Martin

Large investors have recently modified their holdings of the stock. Itau Unibanco Holding S.A. purchased a new stake in Lockheed Martin during the 3rd quarter worth about $26,000. Mattson Financial Services LLC acquired a new position in shares of Lockheed Martin during the second quarter worth about $27,000. Burkett Financial Services LLC purchased a new stake in shares of Lockheed Martin during the third quarter worth approximately $32,000. Capital Performance Advisors LLP acquired a new stake in Lockheed Martin in the third quarter valued at approximately $40,000. Finally, Legacy Investment Solutions LLC purchased a new position in Lockheed Martin in the third quarter worth approximately $42,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Company Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.