Barclays analyst David E. Strauss maintained a Hold rating on Lockheed Martin (LMT – Research Report) on May 25 and set a price target of $460.00. The company’s shares closed yesterday at $448.45.
E. Strauss covers the Technology sector, focusing on stocks such as Boeing, General Dynamics, and L3Harris Technologies. According to TipRanks, E. Strauss has an average return of 0.3% and a 54.05% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Lockheed Martin with a $492.92 average price target.
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The company has a one-year high of $508.10 and a one-year low of $366.60. Currently, Lockheed Martin has an average volume of 1.23M.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LMT in relation to earlier this year.
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Headquartered in Bethesda, Maryland, Lockheed Martin Corp. is a global security and aerospace company and is engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The majority of Lockheed Martin’s business is with the U.S. Department of Defense and U.S. federal government agencies. Lockheed Martin’s business is also comprised of international government and commercial sales of products, services and platforms. The company’s operating units are divided into four categories including, Aeronautics, Missiles and Fire Control, Rotary and Mission Systems and Space Systems.
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