Analysts Set Lockheed Martin Corporation (NYSE:LMT) PT at $503.13

Shares of Lockheed Martin Corporation (NYSE:LMT) have been assigned a consensus rating of “Hold” from the twenty-three research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, fifteen have assigned a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $503.5294.

A number of equities research analysts have weighed in on LMT shares. UBS Group decreased their target price on Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating for the company in a research report on Wednesday, July 23rd. Vertical Research reaffirmed a “hold” rating and set a $460.00 target price on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Truist Financial lowered Lockheed Martin from a “buy” rating to a “hold” rating and decreased their target price for the company from $554.00 to $440.00 in a research report on Wednesday, July 23rd. Susquehanna lifted their target price on Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft set a $519.00 target price on Lockheed Martin and gave the company a “hold” rating in a research report on Wednesday, October 8th.

Lockheed Martin Trading Down 0.3%

Shares of NYSE LMT opened at $503.67 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The business has a fifty day simple moving average of $466.48 and a two-hundred day simple moving average of $463.53. The firm has a market cap of $117.59 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 1.77 and a beta of 0.28. Lockheed Martin has a twelve month low of $410.11 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating analysts’ consensus estimates of $6.57 by $0.72. The business had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.Lockheed Martin’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Analysts expect that Lockheed Martin will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be given a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio is presently 74.32%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in LMT. Mid American Wealth Advisory Group Inc. bought a new position in shares of Lockheed Martin in the 2nd quarter worth $28,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Lockheed Martin in the 2nd quarter worth $29,000. TruNorth Capital Management LLC bought a new position in shares of Lockheed Martin in the 1st quarter worth $31,000. Frazier Financial Advisors LLC bought a new position in shares of Lockheed Martin in the 2nd quarter worth $34,000. Finally, MTM Investment Management LLC bought a new position in shares of Lockheed Martin in the 2nd quarter worth $36,000. 74.19% of the stock is 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.