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

Lockheed Martin Co. (NYSE:LMTGet Rating) has earned a consensus rating of “Hold” from the eighteen ratings firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $469.73.

A number of brokerages have commented on LMT. Robert W. Baird upgraded shares of Lockheed Martin from a “neutral” rating to an “outperform” rating and set a $513.00 price objective for the company in a research report on Wednesday, October 19th. Susquehanna cut their price target on shares of Lockheed Martin from $539.00 to $510.00 and set a “positive” rating for the company in a report on Wednesday, October 19th. Citigroup began coverage on shares of Lockheed Martin in a report on Thursday, December 8th. They issued a “buy” rating and a $546.00 price target for the company. JPMorgan Chase & Co. increased their price target on shares of Lockheed Martin from $450.00 to $505.00 and gave the company a “neutral” rating in a report on Monday, December 12th. Finally, Royal Bank of Canada increased their price target on shares of Lockheed Martin from $420.00 to $445.00 and gave the company a “sector perform” rating in a report on Wednesday, October 19th.

Insider Activity at Lockheed Martin

In other news, Director John Donovan purchased 568 shares of the firm’s stock in a transaction on Thursday, October 20th. The shares were bought at an average cost of $441.43 per share, with a total value of $250,732.24. Following the purchase, the director now directly owns 1,768 shares of the company’s stock, valued at $780,448.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.17% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lockheed Martin

Several hedge funds have recently modified their holdings of the company. Better Money Decisions LLC acquired a new stake in shares of Lockheed Martin in the second quarter worth approximately $33,000. Schubert & Co boosted its position in shares of Lockheed Martin by 53.8% in the second quarter. Schubert & Co now owns 80 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 28 shares during the last quarter. IMA Wealth Inc. boosted its position in shares of Lockheed Martin by 41.8% in the second quarter. IMA Wealth Inc. now owns 78 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 23 shares during the last quarter. Charter Oak Capital Management LLC acquired a new stake in shares of Lockheed Martin in the second quarter worth approximately $36,000. Finally, Optiver Holding B.V. acquired a new stake in shares of Lockheed Martin in the third quarter worth approximately $36,000. 75.18% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 2.6 %

Shares of Lockheed Martin stock opened at $449.83 on Friday. The company has a market cap of $117.89 billion, a P/E ratio of 20.65, a PEG ratio of 2.71 and a beta of 0.73. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.09 and a current ratio of 1.28. Lockheed Martin has a one year low of $363.97 and a one year high of $498.95. The firm has a fifty day moving average of $479.47 and a two-hundred day moving average of $443.01.

Lockheed Martin (NYSE:LMTGet Rating) last announced its quarterly earnings data on Tuesday, October 18th. The aerospace company reported $6.87 EPS for the quarter, topping analysts’ consensus estimates of $6.60 by $0.27. The company had revenue of $16.58 billion during the quarter, compared to the consensus estimate of $16.69 billion. Lockheed Martin had a net margin of 9.07% and a return on equity of 65.16%. Lockheed Martin’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.66 EPS. On average, analysts forecast that Lockheed Martin will post 26.97 earnings per share for the current year.

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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Analyst Recommendations for Lockheed Martin (NYSE:LMT)

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