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

Lockheed Martin (NYSE:LMT) had its target price decreased by equities researchers at UBS Group from $527.00 to $508.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the aerospace company’s stock. UBS Group’s price target would indicate a potential upside of 10.94% from the company’s current price.

A number of other brokerages have also issued reports on LMT. TD Cowen boosted their target price on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their price target on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Barclays dropped their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price objective for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. 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 given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $571.40.

Lockheed Martin Price Performance

Shares of NYSE:LMT traded up $0.45 during trading on Wednesday, reaching $457.90. The company had a trading volume of 261,267 shares, compared to its average volume of 1,301,000. Lockheed Martin has a twelve month low of $413.92 and a twelve month high of $618.95. The firm has a market capitalization of $108.54 billion, a PE ratio of 16.55, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. The firm’s fifty day moving average is $497.18 and its 200 day moving average is $537.55. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. On average, equities analysts forecast that Lockheed Martin will post 26.89 EPS for the current year.

Institutional Investors Weigh In On Lockheed Martin

Several institutional investors and hedge funds have recently bought and sold shares of the business. Soltis Investment Advisors LLC grew its holdings in Lockheed Martin by 42.5% during the 4th quarter. Soltis Investment Advisors LLC now owns 13,935 shares of the aerospace company’s stock worth $6,772,000 after acquiring an additional 4,159 shares during the last quarter. Elevate Capital Advisors LLC acquired a new position in shares of Lockheed Martin in the 4th quarter valued at approximately $796,000. Savant Capital LLC increased its position in shares of Lockheed Martin by 6.8% during the fourth quarter. Savant Capital LLC now owns 9,910 shares of the aerospace company’s stock worth $4,815,000 after acquiring an additional 631 shares in the last quarter. Burns Matteson Capital Management LLC bought a new stake in Lockheed Martin in the 4th quarter valued at approximately $281,000. Finally, MFA Wealth Advisors LLC boosted its position in Lockheed Martin by 9.4% during the 4th quarter. MFA Wealth Advisors LLC now owns 4,177 shares of the aerospace company’s stock worth $2,030,000 after acquiring an additional 359 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

About Lockheed Martin

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.