Lockheed Martin upgraded by BofA Securities with a new price target
$LMT
Military/Government/Technical
Industrials
BofA Securities upgraded Lockheed Martin from Neutral to Buy and set a new price target of $635.00 from $465.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/14/2025 | $579.00 | Buy | Truist |
| 1/2/2025 | $611.00 → $523.00 | Buy → Hold | Deutsche Bank |
| 9/3/2024 | $704.00 | Hold → Buy | Melius |
| 8/5/2024 | $500.00 → $600.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 7/31/2024 | $465.00 → $635.00 | Neutral → Buy | BofA Securities |
| 7/26/2024 | $540.00 → $600.00 | Hold → Buy | Deutsche Bank |
| 7/24/2024 | $480.00 → $560.00 | Hold → Buy | TD Cowen |
| 4/15/2024 | $475.00 → $518.00 | Neutral → Overweight | JP Morgan |
8-K - LOCKHEED MARTIN CORP (0000936468) (Filer)
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BETHESDA, Md., Jan. 2, 2025 /PRNewswire/ -- Lockheed Martin (NYSE:LMT) will webcast live its fourth quarter and full year 2024 earnings results conference call (listen-only mode) on Tuesday, Jan. 28, 2025 at 11 a.m. ET. James Taiclet, chairman, president and chief executive officer; Jay Malave, chief financial officer; and Maria Ricciardone, vice president, Treasurer and Investor Relations, will discuss fourth quarter and full year 2024 results, provide updates on key topics and answer questions. Fourth quarter and full year 2024 results will be published prior to the market opening on Jan. 28.
CAPE CANAVERAL SPACE FORCE STATION, Fla., Dec. 16, 2024 /PRNewswire/ -- This evening at 7:52 p.m. ET, the seventh Lockheed Martin (NYSE:LMT)-designed and -built Global Positioning System (GPS) III space vehicle, GPS III SV07, launched from Cape Canaveral Space Force Station, Florida, into orbit 12,550 miles above earth. GPS III SV07 was launched on an accelerated timeline and joins the Space Force's ongoing modernization of the GPS constellation, following GPS III SV06 that launched in 2023. The team has now completed signal acquisition of GPS III SV07, and the spacecraft is now under operational control at Lockheed Martin's Denver Launch & Checkout Operations Center until its official acce
BETHESDA, Md., Dec. 11, 2024 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) today announced its board of directors has elected Admiral John C. Aquilino, former commander of the United States Indo-Pacific Command, to the board, effective today. "Admiral Aquilino's service to the nation and extensive experience in complex, global operations, including in the Indo-Pacific, will bring valuable insight to the board," said Lockheed Martin Chairman, President and CEO Jim Taiclet. "His perspective as a leader and warfighter will enhance board oversight. We look forward to working with hi
BETHESDA, Md., Dec. 3, 2024 /PRNewswire/ -- The Board of Directors at Lockheed Martin (NYSE:LMT) named Kevin O'Connor as the corporation's new senior vice president, general counsel and corporate secretary. Effective Jan. 13, O'Connor will succeed Maryanne Lavan, who plans to retire. O'Connor most recently served as senior vice president and chief legal officer for Carrier. "Kevin is a proven leader who brings insight, expertise, and a shared commitment to our 21st Century Security® vision. I look forward to working with him as we continue to prioritize strong governance and d
EL ALAMEIN, Egypt, Sept. 5, 2024 /PRNewswire/ -- The Egyptian Armed Forces announced today at the Egypt International Air Show that Lockheed Martin (NYSE: LMT) will deliver two C-130J-30 Super Hercules tactical airlifters to the Egyptian Air Force (EAF) through a Foreign Military Sale (FMS) with the U.S. Air Force. Egypt is the 23rd nation to join the worldwide Super Hercules operating community. Egypt is the 23rd nation to join the Super Hercules fleet with the acquisition of two C-130J-30 tactical airlifters.As the most advanced and proven tactical airlifter in the world, th
Announces Planned Retirements of Chairman Thomas O. Barnes and Lead Independent Director Mylle H. Mangum, and appointment of Richard Hipple as Chair Elect Appoints Irenic Capital Management Co-Founder Adam Katz to the Board Enters into Cooperation Agreement with Irenic Capital Management Barnes Group Inc. (NYSE:B), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced the planned retirements of Chairman Thomas O. Barnes and Lead Independent Director Mylle H. Mangum, consistent with the Company's corporate governance retirement policy, effective at the Company's Annual Meeting of Stockholders in May 2024. Mr.
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BETHESDA, Md., Jan. 2, 2025 /PRNewswire/ -- Lockheed Martin (NYSE:LMT) will webcast live its fourth quarter and full year 2024 earnings results conference call (listen-only mode) on Tuesday, Jan. 28, 2025 at 11 a.m. ET. James Taiclet, chairman, president and chief executive officer; Jay Malave, chief financial officer; and Maria Ricciardone, vice president, Treasurer and Investor Relations, will discuss fourth quarter and full year 2024 results, provide updates on key topics and answer questions. Fourth quarter and full year 2024 results will be published prior to the market opening on Jan. 28.
Net sales of $17.1 billion, an increase of 1% year over yearNet earnings of $1.6 billion, or $6.80 per shareCash from operations of $2.4 billion and free cash flow of $2.1 billion$1.6 billion of cash returned to shareholders through dividends and share repurchases Increased share repurchase authority by $3.0 billion to a total authorization of $10.3 billionIncreased quarterly dividend 5% to $3.30 per share2024 financial outlook increasedBETHESDA, Md., Oct. 22, 2024 /PRNewswire/ -- Lockheed Martin Corporation (NYSE:LMT) today reported third quarter 2024 net sales of $17.1 billion, compared to $16.9 billion in the third quarter of 2023. Net earnings in the third quarter of 2024 were $1.6 billi
BETHESDA, Md., Oct. 2, 2024 /PRNewswire/ -- The Lockheed Martin (NYSE:LMT) board of directors has authorized a fourth quarter 2024 dividend of $3.30 per share. This is an increase of $0.15 per share over the last quarter and represents the company's 22nd consecutive year of dividend increases. The dividend is payable on Dec. 27, 2024, to holders of record as of the close of business on Dec. 2, 2024. The company's board has also authorized the purchase of up to an additional $3 billion of Lockheed Martin common stock under its share repurchase program. With this increase, total
Truist initiated coverage of Lockheed Martin with a rating of Buy and set a new price target of $579.00
Deutsche Bank downgraded Lockheed Martin from Buy to Hold and set a new price target of $523.00 from $611.00 previously
Melius upgraded Lockheed Martin from Hold to Buy and set a new price target of $704.00