Lockheed Martin (NYSE:LMT) Given New $525.00 Price Target at Morgan Stanley

Lockheed Martin (NYSE:LMT) had its target price dropped by research analysts at Morgan Stanley from $555.00 to $525.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the aerospace company’s stock. Morgan Stanley’s target price indicates a potential upside of 15.73% from the stock’s current price.

LMT has been the subject of a number of other research reports. Truist Financial started coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price objective for the company. Wells Fargo & Company cut their price objective on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. Robert W. Baird lifted their target price on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Susquehanna cut their price target on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. lowered their price objective on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Lockheed Martin currently has an average rating of “Moderate Buy” and an average price target of $556.13.

Lockheed Martin Trading Down 0.8 %

Lockheed Martin stock traded down $3.82 during trading on Wednesday, hitting $453.64. The company had a trading volume of 1,055,450 shares, compared to its average volume of 1,346,853. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The company’s 50 day simple moving average is $497.18 and its 200-day simple moving average is $537.55. Lockheed Martin has a 1-year low of $413.92 and a 1-year high of $618.95. The stock has a market cap of $107.53 billion, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. As a group, analysts expect that Lockheed Martin will post 26.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of LMT. Algert Global LLC acquired a new stake in Lockheed Martin in the second quarter valued at about $277,000. Regal Investment Advisors LLC lifted its holdings in shares of Lockheed Martin by 103.9% in the 2nd quarter. Regal Investment Advisors LLC now owns 2,235 shares of the aerospace company’s stock valued at $1,044,000 after buying an additional 1,139 shares during the period. New Century Financial Group LLC boosted its stake in shares of Lockheed Martin by 179.6% in the second quarter. New Century Financial Group LLC now owns 1,258 shares of the aerospace company’s stock valued at $588,000 after buying an additional 808 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in Lockheed Martin during the second quarter worth $201,000. Finally, Sanctuary Advisors LLC purchased a new position in Lockheed Martin in the second quarter worth $24,001,000. Institutional investors and hedge funds 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.