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

Lockheed Martin Co. (NYSE:LMTGet Rating) has been given a consensus recommendation of “Hold” by the sixteen analysts that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $448.86.

A number of research firms recently commented on LMT. Wolfe Research raised Lockheed Martin from a “peer perform” rating to an “outperform” rating and set a $467.00 target price on the stock in a research note on Monday, February 28th. Morgan Stanley increased 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. Susquehanna increased their target price on Lockheed Martin from $515.00 to $539.00 in a research note on Wednesday, April 20th. Wells Fargo & Company increased their target price on Lockheed Martin from $486.00 to $496.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 20th. Finally, StockNews.com cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 25th.

Shares of LMT stock traded up $2.57 on Friday, reaching $450.56. The company’s stock had a trading volume of 1,265,926 shares, compared to its average volume of 2,113,374. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 1.11. Lockheed Martin has a 12-month low of $324.23 and a 12-month high of $479.99. The company has a market capitalization of $119.90 billion, a P/E ratio of 19.90, a PEG ratio of 2.79 and a beta of 0.76. The stock’s 50 day simple moving average is $446.10 and its 200-day simple moving average is $400.33.

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, topping analysts’ consensus estimates of $6.22 by $0.22. Lockheed Martin had a return on equity of 81.35% and a net margin of 9.45%. The company had revenue of $14.96 billion for the quarter, compared to the consensus estimate of $15.49 billion. During the same quarter last year, the business posted $6.56 earnings per share. The firm’s revenue was down 8.0% compared to the same quarter last year. Research analysts expect that Lockheed Martin will post 26.85 EPS for the current year.

The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, May 31st. This represents a $11.20 annualized dividend and a dividend yield of 2.49%. Lockheed Martin’s payout ratio is presently 49.47%.

In related news, Director John Donovan acquired 568 shares of the stock in a transaction on Thursday, April 21st. The stock was acquired at an average cost of $440.55 per share, for a total transaction of $250,232.40. Following the completion of the acquisition, the director now directly owns 568 shares of the company’s stock, valued at approximately $250,232.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Brian P. Colan sold 1,937 shares of the firm’s stock in a transaction dated Monday, February 28th. The stock was sold at an average price of $426.45, for a total transaction of $826,033.65. The disclosure for this sale can be found here. Insiders sold 17,250 shares of company stock worth $7,464,599 over the last three months. 0.17% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in LMT. Western Pacific Wealth Management LP purchased a new position in shares of Lockheed Martin during the fourth quarter valued at approximately $25,000. Counterpoint Mutual Funds LLC bought a new stake in shares of Lockheed Martin during the fourth quarter valued at approximately $27,000. TAP Consulting LLC bought a new stake in shares of Lockheed Martin during the fourth quarter valued at approximately $31,000. Ten Capital Wealth Advisors LLC bought a new stake in shares of Lockheed Martin during the third quarter valued at approximately $35,000. Finally, PARK CIRCLE Co bought a new stake in shares of Lockheed Martin during the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 78.89% of the company’s stock.

About Lockheed Martin (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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