Lockheed Martin Co. (NYSE:LMT) Given Average Rating of “Hold” by Analysts

Lockheed Martin Co. (NYSE:LMT – Get Rating) has received an average recommendation of “Hold” from the sixteen brokerages that are presently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $448.86.

Several brokerages have recently issued reports on LMT. Susquehanna Bancshares lifted their target price on Lockheed Martin from $515.00 to $539.00 in a report on Wednesday, April 20th. 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 report on Monday, February 28th. Robert W. Baird raised their target price on shares of Lockheed Martin from $376.00 to $425.00 in a research report on Wednesday, January 26th. Argus boosted their price target on shares of Lockheed Martin from $415.00 to $500.00 in a report on Wednesday, April 20th. Finally, Wells Fargo & Company raised their price objective on Lockheed Martin from $486.00 to $496.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 20th.

In related news, COO John Frank A. St sold 8,063 shares of Lockheed Martin stock in a transaction that occurred on Tuesday, March 1st. The stock was sold at an average price of $435.91, for a total transaction of $3,514,742.33. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Brian P. Colan sold 1,937 shares of the business’s stock in a transaction on Monday, February 28th. The stock was sold at an average price of $426.45, for a total value of $826,033.65. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,250 shares of company stock worth $7,464,599. 0.17% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in LMT. Western Pacific Wealth Management LP acquired a new stake in Lockheed Martin during the fourth quarter worth $25,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of Lockheed Martin during the fourth quarter valued at about $27,000. Capital Advisory Group Advisory Services LLC purchased a new stake in shares of Lockheed Martin in the 1st quarter valued at approximately $38,000. TAP Consulting LLC acquired a new position in shares of Lockheed Martin in the 4th quarter worth approximately $31,000. Finally, Ten Capital Wealth Advisors LLC purchased a new position in shares of Lockheed Martin during the 3rd quarter worth approximately $35,000. 78.89% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE LMT traded up $4.36 during mid-day trading on Tuesday, reaching $435.17. The company’s stock had a trading volume of 13,777 shares, compared to its average volume of 1,558,906. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.27 and a quick ratio of 1.07. Lockheed Martin has a 52 week low of $324.23 and a 52 week high of $479.99. The stock has a fifty day moving average of $444.84 and a two-hundred day moving average of $388.76. The firm has a market capitalization of $115.80 billion, a PE ratio of 19.26, a P/E/G ratio of 2.83 and a beta of 0.76.

Lockheed Martin (NYSE:LMT – Get Rating) last released its quarterly earnings data on Tuesday, April 19th. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.21 by $0.23. The firm had revenue of $14.96 billion for the quarter, compared to analysts’ expectations of $15.49 billion. Lockheed Martin had a net margin of 9.45% and a return on equity of 81.35%. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $6.56 earnings per share. Analysts anticipate that Lockheed Martin will post 26.85 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Wednesday, June 1st will be paid a $2.80 dividend. This represents a $11.20 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Tuesday, May 31st. Lockheed Martin’s dividend payout ratio is presently 49.47%.

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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