Lockheed Martin (LMT) Price Target Cut to $373.00

Lockheed Martin (NYSE:LMT) had its price target decreased by analysts at Morgan Stanley from $388.00 to $373.00 in a report issued on Thursday. The brokerage presently has an “overweight” rating on the aerospace company’s stock. Morgan Stanley’s price target points to a potential upside of 8.87% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $373.00 price target for the company in a research note on Friday, January 19th. Citigroup lifted their price target on shares of Lockheed Martin from $355.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Stifel Nicolaus lifted their price target on shares of Lockheed Martin from $345.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. ValuEngine raised shares of Lockheed Martin from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Buckingham Research boosted their price objective on shares of Lockheed Martin from $348.00 to $403.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $374.14.

LMT stock opened at $342.60 on Thursday. Lockheed Martin has a 12 month low of $266.01 and a 12 month high of $363.00. The company has a debt-to-equity ratio of -22.19, a current ratio of 1.38 and a quick ratio of 1.03. The stock has a market cap of $97,916.52, a P/E ratio of 25.70, a PEG ratio of 3.01 and a beta of 0.72.



Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Monday, January 29th. The aerospace company reported $4.30 EPS for the quarter, topping analysts’ consensus estimates of $4.06 by $0.24. Lockheed Martin had a net margin of 3.92% and a return on equity of 354.55%. The firm had revenue of $15.14 billion during the quarter, compared to analysts’ expectations of $14.72 billion. During the same period in the previous year, the company earned $3.25 EPS. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. research analysts expect that Lockheed Martin will post 15.52 earnings per share for the current year.

In other news, Chairman Marillyn A. Hewson sold 19,000 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $346.74, for a total value of $6,588,060.00. Following the completion of the sale, the chairman now owns 80,478 shares in the company, valued at approximately $27,904,941.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Richard F. Ambrose sold 7,517 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $357.89, for a total transaction of $2,690,259.13. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

Large investors have recently bought and sold shares of the company. Buckingham Capital Management Inc. bought a new stake in shares of Lockheed Martin in the 3rd quarter valued at about $208,000. D.B. Root & Company LLC bought a new stake in shares of Lockheed Martin in the 4th quarter valued at about $971,000. Certified Advisory Corp bought a new stake in shares of Lockheed Martin in the 4th quarter valued at about $1,362,000. Fairfield Bush & CO. raised its holdings in shares of Lockheed Martin by 34.5% in the 4th quarter. Fairfield Bush & CO. now owns 4,480 shares of the aerospace company’s stock valued at $1,438,000 after purchasing an additional 1,150 shares in the last quarter. Finally, Elkfork Partners LLC bought a new stake in shares of Lockheed Martin in the 4th quarter valued at about $2,113,000. Institutional investors and hedge funds own 78.52% of the company’s stock.

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Lockheed Martin Company Profile

Lockheed Martin Corporation is a security and aerospace company. The Company operates through four segments. Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies.

Analyst Recommendations for Lockheed Martin (NYSE:LMT)

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