Lockheed Martin upgraded by Melius with a new price target
$LMT
Military/Government/Technical
Industrials
Melius upgraded Lockheed Martin from Hold to Buy and set a new price target of $704.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
| 10/11/2023 | $470.00 | Neutral | UBS |
| 10/4/2023 | $505.00 → $455.00 | Hold | Jefferies |
PATUXENT RIVER, Md., Nov. 7, 2024 /PRNewswire/ -- Lockheed Martin (NYSE:LMT) collaborated with the U.S. Navy and General Atomics (GA) in a first-ever live control flight demonstration of an uncrewed system by the Unmanned Carrier Aviation Mission Control Station (UMCS). Powered by the Skunk Works® MDCX™ autonomy platform, the UMCS controlled a GA MQ-20 Avenger uncrewed air system (UAS) as it completed a live fly mission. This demonstration is a pathfinder that helps to advance the complex technology necessary to enable crewed and uncrewed teaming as envisioned for programs suc
Deal Enables Rapid Development and Fielding of Mission-Ready Spacecraft BETHESDA, Md., Oct. 30, 2024 /PRNewswire/ -- Lockheed Martin (NYSE:LMT) has completed its previously announced acquisition of Terran Orbital, a leading manufacturer of innovative modular spacecraft serving the global aerospace and defense industries, and its subsidiary, Tyvak International. Lockheed Martin has worked with Terran Orbital on projects including Space Development Agency programs and Lockheed Martin's technology demonstrations. "The addition of Terran Orbital's spirit of entrepreneurship to
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
4 - LOCKHEED MARTIN CORP (0000936468) (Issuer)
4 - LOCKHEED MARTIN CORP (0000936468) (Issuer)
4 - LOCKHEED MARTIN CORP (0000936468) (Issuer)
Melius upgraded Lockheed Martin from Hold to Buy and set a new price target of $704.00
RBC Capital Mkts upgraded Lockheed Martin from Sector Perform to Outperform and set a new price target of $600.00 from $500.00 previously
BofA Securities upgraded Lockheed Martin from Neutral to Buy and set a new price target of $635.00 from $465.00 previously
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.
The F-35's growing European presence strengthens interoperability FORT WORTH, Texas, Jan. 29, 2024 /PRNewswire/ -- The Czech Republic government signed a Letter of Offer and Acceptance (LOA) today making official its intent to procure 24 Lockheed Martin 5th Generation F-35 Lightning II aircraft. Through the U.S. government Foreign Military Sale, the Czech Air Force will receive its first aircraft in 2031, which will be in the latest advanced Block 4 configuration. "We are pleased the government of Czech Republic is now officially a part of the F-35 Lightning II program of reco
10-Q - LOCKHEED MARTIN CORP (0000936468) (Filer)
8-K - LOCKHEED MARTIN CORP (0000936468) (Filer)
8-K - LOCKHEED MARTIN CORP (0000936468) (Filer)
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
BETHESDA, Md., Oct. 1, 2024 /PRNewswire/ -- Lockheed Martin (NYSE:LMT) will webcast live its third quarter 2024 earnings results conference call (listen-only mode) on Tuesday, October 23, 2024 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 third quarter 2024 results, provide updates on key topics and answer questions. Third quarter 2024 results will be published prior to the market opening on October 22. The live webcast wi
SC 13G/A - LOCKHEED MARTIN CORP (0000936468) (Subject)
SC 13G/A - LOCKHEED MARTIN CORP (0000936468) (Subject)
SC 13G/A - LOCKHEED MARTIN CORP (0000936468) (Subject)
JP Morgan analyst Seth Seifman maintains Lockheed Martin (NYSE:LMT) with a Overweight and raises the price target from $518 to $560.
On CNBC's “Halftime Report Final Trades,” Jason Snipe of Odyssey Capital Advisors said he likes Lockheed Martin Corporation (NYSE:LMT), which reported a nice beat on the top and bottom lines this week. On July 23, the aerospace and defense giant reported earnings per share (EPS) of $7.11 for the second quarter 2024, surpassing analysts' expectations of $6.46. Additionally, revenue for the quarter reached $18.122 billion, exceeding the anticipated $17.044 billion. Lockheed Martin expects FY24 net sales of $70.50 billion-$71.5 billion (prior $68.5 billion–$70 billion) versus the consensus of $69.822 billion. LMT sees EPS of $26.10-$26.60 (prior $25.65 – $26.35) versus the consensus of $
Lockheed Martin Corporation (NYSE:LMT) shares are higher Wednesday after multiple analysts raised their price targets following the company’s second-quarter earnings. What Happened: The aerospace and defense giant reported earnings per share (EPS) of $7.11 for Q2 2024, surpassing analysts’ expectations of $6.46. Additionally, revenue for the quarter reached $18.122 billion, exceeding the anticipated $17.044 billion. Earnings Highlight Revenue Growth: Consolidated revenue rose by 8.6%, surpassing both internal estimates and market consensus by 6.3%. F-35 Program: Lockheed Martin delivered 10 F-35 aircraft in July alone, with six featuring the TR-3 update and four with the TR-2