Lockheed Martin (NYSE:LMT) had its target price upped by Morgan Stanley from $382.00 to $388.00 in a report released on Friday morning, Marketbeat.com reports. The brokerage currently has an overweight rating on the aerospace company’s stock.
A number of other research firms have also weighed in on LMT. Royal Bank of Canada set a $348.00 price objective on Lockheed Martin and gave the company a hold rating in a research note on Tuesday, January 23rd. Cowen reissued a hold rating and set a $370.00 price objective on shares of Lockheed Martin in a research note on Tuesday, January 30th. Buckingham Research increased their price objective on Lockheed Martin from $348.00 to $403.00 and gave the company a buy rating in a research note on Monday, February 5th. Robert W. Baird upped their target price on Lockheed Martin from $337.00 to $410.00 and gave the company an outperform rating in a report on Tuesday, January 30th. Finally, Credit Suisse Group upped their target price on Lockheed Martin from $308.00 to $380.00 and gave the company a neutral rating in a report on Tuesday, January 30th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $375.40.
Lockheed Martin (NYSE LMT) traded up $3.28 during trading hours on Friday, hitting $358.69. The stock had a trading volume of 902,499 shares, compared to its average volume of 1,690,000. The stock has a market capitalization of $102,430.00, a price-to-earnings ratio of 27.40, a PEG ratio of 3.13 and a beta of 0.73. Lockheed Martin has a 52-week low of $263.18 and a 52-week high of $363.00. The company has a debt-to-equity ratio of -22.19, a quick ratio of 1.03 and a current ratio of 1.38.
Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Monday, January 29th. The aerospace company reported $4.30 earnings per share for the quarter, beating analysts’ consensus estimates of $4.06 by $0.24. The firm had revenue of $15.14 billion during the quarter, compared to analyst estimates of $14.72 billion. Lockheed Martin had a return on equity of 354.55% and a net margin of 3.92%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.25 earnings per share. equities research analysts forecast that Lockheed Martin will post 15.47 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Thursday, March 1st will be issued a $2.00 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $8.00 dividend on an annualized basis and a yield of 2.23%. Lockheed Martin’s dividend payout ratio (DPR) is 61.12%.
In other Lockheed Martin news, insider Dale P. Bennett sold 2,000 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $313.75, for a total value of $627,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard F. Ambrose sold 7,517 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $357.89, for a total value of $2,690,259.13. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,517 shares of company stock valued at $9,905,819. 0.39% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Buckingham Capital Management Inc. bought a new position in Lockheed Martin in the third quarter worth $208,000. Elkfork Partners LLC bought a new position in Lockheed Martin in the fourth quarter worth $2,113,000. Cambridge Investment Research Advisors Inc. raised its holdings in Lockheed Martin by 22.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 44,061 shares of the aerospace company’s stock worth $14,146,000 after purchasing an additional 7,950 shares in the last quarter. Green Square Capital LLC raised its holdings in Lockheed Martin by 31.2% in the fourth quarter. Green Square Capital LLC now owns 30,207 shares of the aerospace company’s stock worth $9,698,000 after purchasing an additional 7,178 shares in the last quarter. Finally, Certified Advisory Corp bought a new position in Lockheed Martin in the fourth quarter worth $1,362,000. Institutional investors and hedge funds own 78.71% of the company’s stock.
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About Lockheed Martin
Lockheed Martin Corporation is a security and aerospace company. The Company operates through four segments. Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies.
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