Lockheed Martin Corporation (NYSE:LMT) Receives Consensus Rating of “Hold” from Analysts

Lockheed Martin Corporation (NYSE:LMT) has received a consensus recommendation of “Hold” from the twenty-five research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $515.50.

LMT has been the subject of several recent analyst reports. Wall Street Zen raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lockheed Martin in a report on Wednesday, October 8th. Truist Financial lifted their price objective on shares of Lockheed Martin from $440.00 to $500.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. UBS Group lowered their price objective on shares of Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating for the company in a research report on Wednesday, October 22nd. Finally, Morgan Stanley raised their target price on Lockheed Martin from $530.00 to $630.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th.

Lockheed Martin Trading Up 0.7%

Shares of NYSE:LMT opened at $457.44 on Friday. The business’s 50 day simple moving average is $482.77 and its 200 day simple moving average is $466.32. Lockheed Martin has a 1 year low of $410.11 and a 1 year high of $529.48. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97. The company has a market capitalization of $105.85 billion, a P/E ratio of 25.54, a P/E/G ratio of 1.69 and a beta of 0.25.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, beating analysts’ consensus estimates of $6.33 by $0.62. The firm had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The company’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company posted $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, research analysts anticipate that Lockheed Martin will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be given a $3.45 dividend. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Monday, December 1st. Lockheed Martin’s dividend payout ratio (DPR) is presently 77.05%.

Insider Buying and Selling

In other news, COO John Frank A. St sold 7,792 shares of the stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total value of $3,826,183.68. Following the completion of the transaction, the chief operating officer owned 1 shares of the company’s stock, valued at approximately $491.04. This represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On Lockheed Martin

Several institutional investors and hedge funds have recently added to or reduced their stakes in LMT. United Financial Planning Group LLC bought a new position in shares of Lockheed Martin in the 3rd quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC increased its holdings in Lockheed Martin by 285.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 40 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in Lockheed Martin in the 3rd quarter worth about $27,000. Mid American Wealth Advisory Group Inc. bought a new position in Lockheed Martin in the second quarter valued at about $28,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Lockheed Martin during the second quarter valued at about $29,000. Institutional investors own 74.19% of the company’s stock.

About Lockheed Martin

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.