Lockheed Martin (NYSE:LMT) Stock Rating Reaffirmed by Seaport Res Ptn

Lockheed Martin (NYSE:LMTGet Rating)‘s stock had its “buy” rating reaffirmed by analysts at Seaport Res Ptn in a research note issued on Tuesday, Zacks.com reports.

LMT has been the subject of a number of other reports. StockNews.com lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 25th. Wells Fargo & Company raised their target price on Lockheed Martin from $400.00 to $486.00 and gave the company an “equal weight” rating in a research note on Monday, March 7th. Susquehanna Bancshares raised their target price on Lockheed Martin from $400.00 to $445.00 and gave the company a “positive” rating in a research note on Wednesday, January 26th. Morgan Stanley raised their target price on Lockheed Martin from $450.00 to $521.00 and gave the company an “overweight” rating in a research note on Wednesday, March 2nd. Finally, Wolfe Research upgraded Lockheed Martin from a “peer perform” rating to an “outperform” rating and set a $467.00 target price for the company in a research note on Monday, February 28th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $427.09.

Shares of NYSE LMT opened at $459.90 on Tuesday. The stock has a market cap of $122.58 billion, a PE ratio of 20.21, a PEG ratio of 3.08 and a beta of 0.79. The business has a fifty day moving average of $435.00 and a two-hundred day moving average of $383.07. Lockheed Martin has a 52-week low of $324.23 and a 52-week high of $479.99. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.20 and a current ratio of 1.42.

Lockheed Martin (NYSE:LMTGet Rating) last issued its quarterly earnings data on Tuesday, April 19th. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $6.21 by $0.23. The company had revenue of $14.96 billion during the quarter, compared to analysts’ expectations of $15.49 billion. Lockheed Martin had a return on equity of 91.52% and a net margin of 9.42%. The business’s revenue was down 8.0% on a year-over-year basis. During the same period last year, the business earned $6.56 earnings per share. Analysts predict that Lockheed Martin will post 26.77 earnings per share for the current year.

In other Lockheed Martin news, SVP Maryanne Lavan sold 5,832 shares of the firm’s stock in a transaction dated Monday, February 28th. The stock was sold at an average price of $426.27, for a total transaction of $2,486,006.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Stephanie C. Hill sold 1,418 shares of the firm’s stock in a transaction dated Thursday, March 3rd. The stock was sold at an average price of $449.80, for a total value of $637,816.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,250 shares of company stock worth $7,464,599. Company insiders own 0.17% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. LCM Capital Management Inc lifted its holdings in shares of Lockheed Martin by 0.7% during the 1st quarter. LCM Capital Management Inc now owns 3,416 shares of the aerospace company’s stock valued at $1,508,000 after purchasing an additional 23 shares in the last quarter. Byrne Asset Management LLC lifted its holdings in shares of Lockheed Martin by 5.3% during the 1st quarter. Byrne Asset Management LLC now owns 479 shares of the aerospace company’s stock valued at $211,000 after purchasing an additional 24 shares in the last quarter. Enterprise Financial Services Corp lifted its holdings in shares of Lockheed Martin by 1.1% during the 4th quarter. Enterprise Financial Services Corp now owns 2,357 shares of the aerospace company’s stock valued at $838,000 after purchasing an additional 26 shares in the last quarter. Capital Analysts LLC lifted its holdings in shares of Lockheed Martin by 0.3% during the 4th quarter. Capital Analysts LLC now owns 8,344 shares of the aerospace company’s stock valued at $2,966,000 after purchasing an additional 27 shares in the last quarter. Finally, PDS Planning Inc lifted its holdings in shares of Lockheed Martin by 3.1% during the 4th quarter. PDS Planning Inc now owns 932 shares of the aerospace company’s stock valued at $331,000 after purchasing an additional 28 shares in the last quarter. Institutional investors and hedge funds own 74.72% of the company’s stock.

Lockheed Martin Company Profile (Get Rating)

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

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