Lockheed Martin (NYSE:LMT) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Lockheed Martin (NYSE:LMT) from a buy rating to a strong-buy rating in a research note issued to investors on Thursday.

LMT has been the subject of a number of other research reports. Citigroup raised their price objective on Lockheed Martin from $508.00 to $525.00 and gave the company a buy rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. raised Lockheed Martin from a neutral rating to an overweight rating and raised their price objective for the company from $475.00 to $518.00 in a research note on Monday, April 15th. Morgan Stanley reduced their price objective on Lockheed Martin from $513.00 to $503.00 and set an equal weight rating for the company in a research note on Wednesday, January 24th. The Goldman Sachs Group reduced their price objective on Lockheed Martin from $380.00 to $377.00 and set a sell rating for the company in a research note on Tuesday, April 23rd. Finally, UBS Group raised their price objective on Lockheed Martin from $482.00 to $499.00 and gave the company a neutral rating in a research note on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $485.40.

Lockheed Martin Trading Down 0.8 %

NYSE LMT opened at $461.29 on Thursday. The business has a 50 day simple moving average of $443.74 and a 200 day simple moving average of $444.58. Lockheed Martin has a one year low of $393.77 and a one year high of $479.50. The stock has a market capitalization of $110.68 billion, a P/E ratio of 16.88, a P/E/G ratio of 4.22 and a beta of 0.48. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 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 business had revenue of $17.20 billion during the quarter, compared to analysts’ expectations of $16.04 billion. During the same quarter last year, the firm posted $6.43 earnings per share. The firm’s revenue was up 13.7% on a year-over-year basis. Research analysts expect that Lockheed Martin will post 26.16 earnings per share for the current year.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of the business’s stock in a transaction on 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 sale, the insider now directly owns 12,604 shares in the company, valued at $5,434,718.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $425.35, for a total value of $2,827,726.80. The disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock worth $7,249,946 over the last ninety days. 0.14% of the stock is currently owned by company insiders.

Institutional Trading of Lockheed Martin

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Pacific Financial bought a new stake in shares of Lockheed Martin during the 1st quarter valued at $25,000. Altshuler Shaham Ltd bought a new stake in shares of Lockheed Martin during the 4th quarter valued at $26,000. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Lockheed Martin by 73.0% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 27 shares during the period. Activest Wealth Management raised its stake in shares of Lockheed Martin by 1,200.0% during the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 60 shares during the period. Finally, Milestone Investment Advisors LLC bought a new stake in shares of Lockheed Martin during the 3rd quarter valued at $33,000. 74.19% of the stock is currently owned by institutional investors.

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.