Lockheed Martin (NYSE:LMT) Raised to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Lockheed Martin (NYSE:LMT) from a neutral rating to an overweight rating in a research note published on Monday, Marketbeat.com reports. They currently have $518.00 price objective on the aerospace company’s stock, up from their prior price objective of $475.00.

LMT has been the topic of a number of other research reports. Morgan Stanley lowered their target price on Lockheed Martin from $513.00 to $503.00 and set an equal weight rating on the stock in a research report on Wednesday, January 24th. Citigroup lowered their price target on Lockheed Martin from $540.00 to $508.00 and set a buy rating on the stock in a research report on Wednesday, January 24th. Susquehanna dropped their price objective on Lockheed Martin from $550.00 to $540.00 and set a positive rating on the stock in a research note on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Lockheed Martin from $438.00 to $472.00 in a research note on Monday, January 22nd. Finally, Royal Bank of Canada dropped their price target on shares of Lockheed Martin from $475.00 to $470.00 and set a sector perform rating on the stock in a research report on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $493.36.

Lockheed Martin Stock Up 0.7 %

LMT stock opened at $453.34 on Monday. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.21 and a quick ratio of 1.03. The stock has a market capitalization of $109.03 billion, a P/E ratio of 16.46, a P/E/G ratio of 4.11 and a beta of 0.48. Lockheed Martin has a fifty-two week low of $393.77 and a fifty-two week high of $508.10. The business has a 50-day moving average of $437.60 and a 200-day moving average of $441.70.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, topping the consensus estimate of $7.26 by $0.64. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The business had revenue of $18.87 billion during the quarter, compared to analysts’ expectations of $17.96 billion. During the same quarter in the prior year, the company posted $7.79 earnings per share. The firm’s revenue was down .6% on a year-over-year basis. On average, sell-side analysts anticipate that Lockheed Martin will post 26.13 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were given a $3.15 dividend. This represents a $12.60 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend was Thursday, February 29th. Lockheed Martin’s payout ratio is presently 45.74%.

Insider Buying and Selling

In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $425.35, for a total value of $2,827,726.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the transaction, the insider now directly owns 12,604 shares in the company, valued at $5,434,718.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,874 shares of company stock valued at $7,249,946. Company insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank Julius Baer & Co. Ltd Zurich grew its position in Lockheed Martin by 73.0% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock worth $26,000 after buying an additional 27 shares in the last quarter. Altshuler Shaham Ltd acquired a new stake in shares of Lockheed Martin during the 4th quarter worth $26,000. Activest Wealth Management increased its position in shares of Lockheed Martin by 1,200.0% in the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 60 shares during the period. Coppell Advisory Solutions Corp. bought a new position in shares of Lockheed Martin in the fourth quarter worth $31,000. Finally, Milestone Investment Advisors LLC bought a new stake in Lockheed Martin during the third quarter worth about $33,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Company Profile

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.