Lockheed Martin (NYSE:LMT) Given New $740.00 Price Target at Susquehanna

Lockheed Martin (NYSE:LMT) had its target price boosted by Susquehanna from $725.00 to $740.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Susquehanna currently has a positive rating on the aerospace company’s stock.

Other analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Lockheed Martin from $492.00 to $611.00 and gave the stock a “hold” rating in a research note on Friday, January 30th. Truist Financial increased their target price on shares of Lockheed Martin from $605.00 to $695.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. DZ Bank lowered Lockheed Martin from a “buy” rating to a “hold” rating and set a $665.00 price target on the stock. in a report on Tuesday, February 3rd. The Goldman Sachs Group boosted their price target on Lockheed Martin from $464.00 to $517.00 and gave the company a “sell” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings downgraded Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 6th. Six analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $623.16.

Lockheed Martin Price Performance

Shares of LMT opened at $641.29 on Wednesday. The firm has a fifty day moving average price of $624.38 and a 200 day moving average price of $529.19. The stock has a market cap of $147.55 billion, a PE ratio of 29.84, a price-to-earnings-growth ratio of 1.15 and a beta of 0.22. Lockheed Martin has a 1-year low of $410.11 and a 1-year high of $692.00. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.09 and a quick ratio of 0.94.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). The firm had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.84 billion. Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $7.67 EPS. As a group, sell-side analysts anticipate that Lockheed Martin will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 2nd will be given a dividend of $3.45 per share. The ex-dividend date 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%.

Hedge Funds Weigh In On Lockheed Martin

Institutional investors have recently made changes to their positions in the stock. Cerro Pacific Wealth Advisors LLC boosted its holdings in Lockheed Martin by 1.2% in the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company’s stock worth $665,000 after acquiring an additional 16 shares in the last quarter. Garner Asset Management Corp grew its stake in shares of Lockheed Martin by 0.9% during the fourth quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company’s stock worth $839,000 after acquiring an additional 16 shares during the last quarter. Davis R M Inc. increased its holdings in shares of Lockheed Martin by 1.3% during the fourth quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company’s stock valued at $612,000 after acquiring an additional 16 shares in the last quarter. Broadway Wealth Solutions Inc. raised its position in shares of Lockheed Martin by 3.6% in the 4th quarter. Broadway Wealth Solutions Inc. now owns 484 shares of the aerospace company’s stock valued at $234,000 after purchasing an additional 17 shares during the last quarter. Finally, Aspire Growth Partners LLC raised its position in shares of Lockheed Martin by 0.7% in the 4th quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company’s stock valued at $1,217,000 after purchasing an additional 17 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

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.