Bernstein Upholds Market Perform Rating for Lockheed Martin (LMT)

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On April 20, 2023, Bernstein maintained its Market Perform recommendation for Lockheed Martin (NYSE:LMT). The average one-year price target for the company is $497.42, indicating a 0.46% upside from the latest closing price of $495.16.

Projected annual revenue for Lockheed Martin is $66.4 billion, up 0.38%, with a non-GAAP EPS of $27.30. The company also declared a quarterly dividend of $3.00 per share, with shareholders receiving the payment on March 24, 2023. The current dividend yield stands at 2.42%, below the five-year average of 2.70%.

A total of 3,329 funds reported positions in Lockheed Martin, up 149 (4.69%) from the previous quarter, while total institutional shares owned decreased by 0.30% to 224,476K shares. The put/call ratio is 0.74, reflecting a bullish outlook.

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