Lockheed Martin (NYSE:LMT) had its price objective boosted by Argus from $340.00 to $385.00 in a report released on Tuesday, February 6th, MarketBeat Ratings reports. The firm currently has a buy rating on the aerospace company’s stock.
A number of other analysts also recently issued reports on LMT. Stifel Nicolaus raised their price objective on Lockheed Martin from $320.00 to $340.00 and gave the stock a buy rating in a research report on Wednesday, October 25th. Royal Bank of Canada cut their price objective on Lockheed Martin from $327.00 to $316.00 and set a sector perform rating for the company in a research report on Wednesday, October 25th. Credit Suisse Group restated a neutral rating and set a $308.00 target price (up from $300.00) on shares of Lockheed Martin in a report on Wednesday, October 25th. Zacks Investment Research upgraded Lockheed Martin from a sell rating to a hold rating in a report on Wednesday, October 25th. Finally, Cowen reiterated a hold rating and issued a $320.00 price objective on shares of Lockheed Martin in a research note on Wednesday, October 25th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Lockheed Martin has a consensus rating of Buy and an average price target of $375.40.
Lockheed Martin (NYSE:LMT) opened at $358.69 on Tuesday. Lockheed Martin has a 52-week low of $263.18 and a 52-week high of $363.00. The stock has a market capitalization of $102,431.47, a P/E ratio of 26.05, a PEG ratio of 3.16 and a beta of 0.73. 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 posted its quarterly earnings data on Monday, January 29th. The aerospace company reported $4.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.06 by $0.24. Lockheed Martin had a return on equity of 354.55% and a net margin of 3.92%. The firm had revenue of $15.14 billion during the quarter, compared to the consensus estimate of $14.72 billion. During the same period in the prior year, the company earned $3.25 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. analysts expect that Lockheed Martin will post 15.47 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Thursday, March 1st will be paid a $2.00 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.23%. Lockheed Martin’s dividend payout ratio (DPR) is presently 117.13%.
In other Lockheed Martin news, insider Richard F. Ambrose sold 7,517 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $357.89, for a total transaction of $2,690,259.13. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Marillyn A. Hewson sold 19,000 shares of the business’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $346.74, for a total value of $6,588,060.00. Following the sale, the chairman now owns 80,478 shares in the company, valued at $27,904,941.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,517 shares of company stock worth $9,905,819. Company insiders own 0.39% of the company’s stock.
Several large investors have recently modified their holdings of the company. KCM Investment Advisors LLC lifted its position in shares of Lockheed Martin by 2.4% in the fourth quarter. KCM Investment Advisors LLC now owns 18,912 shares of the aerospace company’s stock valued at $6,072,000 after acquiring an additional 445 shares in the last quarter. Buckingham Capital Management Inc. purchased a new stake in shares of Lockheed Martin in the third quarter valued at $208,000. Fairfield Bush & CO. increased its stake in Lockheed Martin by 34.5% in the fourth quarter. Fairfield Bush & CO. now owns 4,480 shares of the aerospace company’s stock valued at $1,438,000 after purchasing an additional 1,150 shares during the last quarter. D.B. Root & Company LLC acquired a new position in Lockheed Martin in the fourth quarter valued at $971,000. Finally, Certified Advisory Corp acquired a new position in Lockheed Martin in the fourth quarter valued at $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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