Lockheed Martin Co. (NYSE:LMT) Receives $490.43 Consensus PT from Analysts

Lockheed Martin Co. (NYSE:LMT – Get Rating) has received a consensus rating of “Hold” from the seventeen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $490.43.

A number of equities research analysts have weighed in on LMT shares. Citigroup started coverage on shares of Lockheed Martin in a research note on Thursday, December 8th. They set a “buy” rating and a $546.00 target price for the company. Morgan Stanley decreased their target price on shares of Lockheed Martin from $542.00 to $532.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 25th. Credit Suisse Group upgraded shares of Lockheed Martin from an “underperform” rating to an “outperform” rating and boosted their target price for the company from $427.00 to $510.00 in a research note on Monday, February 6th. JPMorgan Chase & Co. boosted their target price on shares of Lockheed Martin from $450.00 to $505.00 and gave the company a “neutral” rating in a research note on Monday, December 12th. Finally, Vertical Research lowered Lockheed Martin from a “buy” rating to a “hold” rating and set a $491.00 price objective for the company. in a research note on Friday, January 6th.

Insider Buying and Selling

In related news, Director John Donovan acquired 556 shares of the company’s stock in a transaction on Wednesday, January 25th. The stock was acquired at an average price of $451.20 per share, with a total value of $250,867.20. Following the acquisition, the director now directly owns 2,324 shares of the company’s stock, valued at $1,048,588.80. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director John Donovan acquired 556 shares of the company’s stock in a transaction on Wednesday, January 25th. The stock was acquired at an average price of $451.20 per share, with a total value of $250,867.20. Following the acquisition, the director now directly owns 2,324 shares of the company’s stock, valued at $1,048,588.80. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Timothy S. Cahill sold 2,534 shares of the stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $479.44, for a total transaction of $1,214,900.96. Following the completion of the transaction, the executive vice president now directly owns 10,460 shares of the company’s stock, valued at approximately $5,014,942.40. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Grey Fox Wealth Advisors LLC bought a new position in shares of Lockheed Martin during the fourth quarter valued at approximately $27,000. Okabena Investment Services Inc. acquired a new stake in shares of Lockheed Martin during the fourth quarter worth $28,000. Mendota Financial Group LLC acquired a new stake in shares of Lockheed Martin during the fourth quarter worth $29,000. Coppell Advisory Solutions Corp. purchased a new position in shares of Lockheed Martin during the fourth quarter worth $31,000. Finally, NewSquare Capital LLC purchased a new position in shares of Lockheed Martin during the fourth quarter worth $36,000. Institutional investors own 75.18% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT opened at $479.50 on Monday. Lockheed Martin has a 52 week low of $373.67 and a 52 week high of $498.95. The stock has a market cap of $122.42 billion, a P/E ratio of 22.09, a P/E/G ratio of 2.61 and a beta of 0.68. The business’s 50 day moving average price is $468.26 and its 200-day moving average price is $456.01. The company has a quick ratio of 1.13, a current ratio of 1.32 and a debt-to-equity ratio of 1.67.

Lockheed Martin (NYSE:LMT – Get Rating) last announced its quarterly earnings data on Tuesday, January 24th. The aerospace company reported $7.79 earnings per share for the quarter, topping analysts’ consensus estimates of $7.41 by $0.38. Lockheed Martin had a net margin of 8.69% and a return on equity of 68.01%. The company had revenue of $18.99 billion during the quarter, compared to analyst estimates of $18.25 billion. During the same period in the previous year, the business earned $7.47 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities research analysts anticipate that Lockheed Martin will post 26.86 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Wednesday, March 1st will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Tuesday, February 28th. Lockheed Martin’s dividend payout ratio is currently 55.27%.

Lockheed Martin Company Profile

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Lockheed Martin Corp. is a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.