Lockheed Martin (NYSE:LMT) Given New $770.00 Price Target at BNP Paribas Exane

Lockheed Martin (NYSE:LMTFree Report) had its price target increased by BNP Paribas Exane from $740.00 to $770.00 in a report issued on Tuesday,MarketScreener reports. The brokerage currently has an outperform rating on the aerospace company’s stock.

LMT has been the topic of several other reports. Wall Street Zen cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 22nd. The Goldman Sachs Group upped their price target on Lockheed Martin from $464.00 to $517.00 and gave the stock a “sell” rating in a research note on Monday, February 2nd. Robert W. Baird upped their price target on Lockheed Martin from $550.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 16th. UBS Group increased their target price on Lockheed Martin from $580.00 to $663.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Finally, Susquehanna increased their target price on Lockheed Martin from $725.00 to $740.00 and gave the stock a “positive” rating in a research note on Wednesday, March 18th. Seven research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Lockheed Martin has an average rating of “Hold” and a consensus target price of $645.79.

View Our Latest Stock Report on LMT

Lockheed Martin Stock Down 0.1%

LMT stock traded down $0.45 during midday trading on Tuesday, hitting $627.25. The stock had a trading volume of 481,229 shares, compared to its average volume of 1,805,246. The firm has a market cap of $144.56 billion, a price-to-earnings ratio of 29.19, a price-to-earnings-growth ratio of 1.12 and a beta of 0.23. The business has a 50-day moving average of $637.98 and a two-hundred day moving average of $545.04. Lockheed Martin has a 52-week low of $410.11 and a 52-week high of $692.00. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.09 and a quick ratio of 0.94.

Lockheed Martin (NYSE:LMTGet Free Report) last issued its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share for the quarter, missing the consensus estimate of $6.33 by ($0.53). The firm had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.84 billion. Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.Lockheed Martin’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $7.67 earnings per share. As a group, equities research analysts forecast that Lockheed Martin will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 2nd were paid a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, March 2nd. Lockheed Martin’s dividend payout ratio is currently 64.22%.

Institutional Investors Weigh In On Lockheed Martin

Several institutional investors have recently modified their holdings of LMT. Brighton Jones LLC boosted its position in shares of Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after buying an additional 191 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in Lockheed Martin by 5.4% in the second quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock valued at $451,000 after acquiring an additional 50 shares during the period. Schnieders Capital Management LLC. lifted its holdings in Lockheed Martin by 17.3% in the second quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company’s stock valued at $676,000 after acquiring an additional 215 shares during the period. Gamco Investors INC. ET AL lifted its holdings in Lockheed Martin by 36.0% in the second quarter. Gamco Investors INC. ET AL now owns 2,250 shares of the aerospace company’s stock valued at $1,042,000 after acquiring an additional 595 shares during the period. Finally, Gabelli Funds LLC lifted its holdings in Lockheed Martin by 5.9% in the second quarter. Gabelli Funds LLC now owns 14,278 shares of the aerospace company’s stock valued at $6,613,000 after acquiring an additional 800 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Key Lockheed Martin News

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Lockheed Martin Company Profile

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Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.

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