Lockheed Martin (NYSE:LMT) PT Raised to $525.00 at Citigroup

Lockheed Martin (NYSE:LMT) had its target price hoisted by Citigroup from $508.00 to $525.00 in a report released on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the aerospace company’s stock.

Other research analysts also recently issued research reports about the company. Susquehanna cut their price target 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. The Goldman Sachs Group cut their price target on Lockheed Martin from $380.00 to $377.00 and set a sell rating on the stock in a research note on Tuesday. Morgan Stanley cut their price target on Lockheed Martin from $513.00 to $503.00 and set an equal weight rating on the stock in a research note on Wednesday, January 24th. JPMorgan Chase & Co. raised Lockheed Martin from a neutral rating to an overweight rating and increased their price target for the company from $475.00 to $518.00 in a research note on Monday, April 15th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Lockheed Martin from $438.00 to $472.00 in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $479.90.

Lockheed Martin Stock Down 0.2 %

NYSE:LMT opened at $459.13 on Wednesday. The stock’s fifty day moving average price is $442.16 and its two-hundred day moving average price is $444.14. Lockheed Martin has a 52-week low of $393.77 and a 52-week high of $480.92. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.03 and a current ratio of 1.30. The company has a market cap of $110.42 billion, a price-to-earnings ratio of 16.80, a P/E/G ratio of 4.21 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The firm had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. During the same quarter in the prior year, the business earned $6.43 EPS. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, analysts anticipate that Lockheed Martin will post 26.04 EPS for the current year.

Insiders Place Their Bets

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Gregory M. Ulmer sold 6,204 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total value of $2,675,102.76. Following the completion of the transaction, the insider now owns 12,604 shares in the company, valued at approximately $5,434,718.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,874 shares of company stock worth $7,249,946. Corporate insiders own 0.17% of the company’s stock.

Hedge Funds Weigh In On Lockheed Martin

Several hedge funds have recently modified their holdings of the stock. Triumph Capital Management grew its holdings in shares of Lockheed Martin by 3.1% in the 3rd quarter. Triumph Capital Management now owns 723 shares of the aerospace company’s stock valued at $296,000 after acquiring an additional 22 shares in the last quarter. Abbrea Capital LLC grew its holdings in Lockheed Martin by 1.7% during the third quarter. Abbrea Capital LLC now owns 1,397 shares of the aerospace company’s stock worth $571,000 after purchasing an additional 23 shares during the period. Pinnacle Wealth Planning Services Inc. grew its holdings in Lockheed Martin by 1.6% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,429 shares of the aerospace company’s stock worth $584,000 after purchasing an additional 23 shares during the period. Duncker Streett & Co. Inc. grew its holdings in Lockheed Martin by 1.2% during the third quarter. Duncker Streett & Co. Inc. now owns 2,013 shares of the aerospace company’s stock worth $823,000 after purchasing an additional 24 shares during the period. Finally, Compagnie Lombard Odier SCmA grew its holdings in Lockheed Martin by 0.7% during the third quarter. Compagnie Lombard Odier SCmA now owns 3,375 shares of the aerospace company’s stock worth $1,380,000 after purchasing an additional 25 shares during the period. Institutional investors 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.