Lockheed Martin (NYSE:LMT) PT Raised to $420.00

Lockheed Martin (NYSE:LMT) had its target price lifted by UBS Group from $385.00 to $420.00 in a research report released on Wednesday morning, Stock Target Advisor reports. They currently have a buy rating on the aerospace company’s stock.

A number of other research firms have also recently weighed in on LMT. Barclays reaffirmed a buy rating on shares of Netflix in a research report on Thursday, May 16th. Robert W. Baird cut their price objective on Waters from $211.00 to $209.00 and set a neutral rating for the company in a research note on Wednesday, April 24th. ValuEngine lowered shares of Viewray from a buy rating to a hold rating in a report on Wednesday, April 24th. Cowen restated an outperform rating and set a $230.00 target price (up previously from $200.00) on shares of Norfolk Southern in a research note on Wednesday, April 24th. Finally, Bank of America reaffirmed a buy rating and set a $60.00 price target (up previously from $55.00) on shares of Western Digital in a report on Wednesday, April 24th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and an average price target of $359.31.

NYSE:LMT opened at $369.45 on Wednesday. Lockheed Martin has a one year low of $241.18 and a one year high of $373.37. The business has a fifty day moving average of $354.72. The stock has a market cap of $104.04 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 2.56 and a beta of 0.96. The company has a debt-to-equity ratio of 5.00, a current ratio of 1.17 and a quick ratio of 0.96.



Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, April 23rd. The aerospace company reported $5.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.29 by $1.70. Lockheed Martin had a return on equity of 415.92% and a net margin of 9.91%. The company had revenue of $14.34 billion for the quarter, compared to the consensus estimate of $12.48 billion. During the same period in the previous year, the business earned $4.02 earnings per share. Lockheed Martin’s quarterly revenue was up 23.2% compared to the same quarter last year. Research analysts anticipate that Lockheed Martin will post 20.52 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be given a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Friday, August 30th. Lockheed Martin’s dividend payout ratio is currently 49.30%.

In related news, Director David B. Burritt sold 2,100 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $330.21, for a total transaction of $693,441.00. Following the sale, the director now owns 6,030 shares of the company’s stock, valued at approximately $1,991,166.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.35% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. Private Trust Co. NA increased its holdings in shares of Lockheed Martin by 0.5% in the second quarter. Private Trust Co. NA now owns 5,385 shares of the aerospace company’s stock worth $1,957,000 after purchasing an additional 28 shares during the last quarter. Psagot Investment House Ltd. grew its holdings in Lockheed Martin by 2.7% during the 1st quarter. Psagot Investment House Ltd. now owns 1,164 shares of the aerospace company’s stock valued at $349,000 after buying an additional 31 shares in the last quarter. Ballentine Partners LLC grew its holdings in Lockheed Martin by 4.0% during the 1st quarter. Ballentine Partners LLC now owns 833 shares of the aerospace company’s stock valued at $250,000 after buying an additional 32 shares in the last quarter. Capital Investment Advisory Services LLC increased its stake in Lockheed Martin by 2.7% in the 1st quarter. Capital Investment Advisory Services LLC now owns 1,288 shares of the aerospace company’s stock worth $387,000 after acquiring an additional 34 shares during the last quarter. Finally, Belpointe Asset Management LLC increased its stake in Lockheed Martin by 1.4% in the 4th quarter. Belpointe Asset Management LLC now owns 2,583 shares of the aerospace company’s stock worth $676,000 after acquiring an additional 35 shares during the last quarter. Institutional investors and hedge funds own 77.97% 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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Analyst Recommendations for Lockheed Martin (NYSE:LMT)

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