Lockheed Martin Corporation (NYSE:LMT) Given Average Recommendation of “Hold” by Brokerages

Shares of Lockheed Martin Corporation (NYSE:LMT) have received an average recommendation of “Hold” from the twenty-one ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $612.50.

LMT has been the topic of several recent research reports. Sanford C. Bernstein reiterated a “market perform” rating and issued a $654.00 price objective on shares of Lockheed Martin in a research note on Friday, February 6th. TD Cowen lifted their target price on Lockheed Martin from $600.00 to $670.00 and gave the stock a “hold” rating in a report on Friday, January 30th. The Goldman Sachs Group upped their target price on shares of Lockheed Martin from $464.00 to $517.00 and gave the stock a “sell” rating in a research note on Monday, February 2nd. JPMorgan Chase & Co. upped their price target on shares of Lockheed Martin from $515.00 to $680.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Lockheed Martin from $492.00 to $611.00 and gave the stock a “hold” rating in a report on Friday, January 30th.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $637.25 on Friday. The company has a market capitalization of $146.62 billion, a P/E ratio of 29.65, a PEG ratio of 1.14 and a beta of 0.23. Lockheed Martin has a fifty-two week low of $410.11 and a fifty-two week high of $646.59. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.94 and a current ratio of 1.09. The stock has a 50 day moving average price of $541.42 and a two-hundred day moving average price of $492.08.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 earnings per share for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The business had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter in the prior year, the business posted $7.67 earnings per share. Lockheed Martin’s quarterly revenue was up 9.1% compared to the same quarter last year. Analysts expect that Lockheed Martin will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 2nd will be issued a $3.45 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $13.80 dividend on an annualized basis and a yield of 2.2%. Lockheed Martin’s payout ratio is presently 64.22%.

Institutional Trading of Lockheed Martin

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC lifted its position in shares of Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after purchasing an additional 191 shares in the last quarter. Sivia Capital Partners LLC increased its stake in Lockheed Martin by 5.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock worth $451,000 after buying an additional 50 shares during the period. Integrity Financial Corp WA purchased a new stake in Lockheed Martin during the 2nd quarter worth approximately $206,000. Aberdeen Group plc lifted its holdings in Lockheed Martin by 6.6% during the 2nd quarter. Aberdeen Group plc now owns 22,028 shares of the aerospace company’s stock worth $10,202,000 after buying an additional 1,370 shares in the last quarter. Finally, Axxcess Wealth Management LLC lifted its holdings in Lockheed Martin by 10.6% during the 2nd quarter. Axxcess Wealth Management LLC now owns 4,902 shares of the aerospace company’s stock worth $2,270,000 after buying an additional 469 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Company Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.