UBS Group Raises Lockheed Martin (NYSE:LMT) Price Target to $499.00

Lockheed Martin (NYSE:LMT) had its price target upped by UBS Group from $482.00 to $499.00 in a report released on Wednesday morning, Benzinga reports. The firm currently has a neutral rating on the aerospace company’s stock.

Several other research analysts also recently commented on LMT. The Goldman Sachs Group reduced their target price on Lockheed Martin from $380.00 to $377.00 and set a sell rating on the stock in a report on Tuesday. Deutsche Bank Aktiengesellschaft upped their price objective on Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. JPMorgan Chase & Co. raised Lockheed Martin from a neutral rating to an overweight rating and upped their price objective for the stock from $475.00 to $518.00 in a report on Monday, April 15th. Royal Bank of Canada reduced their price objective on Lockheed Martin from $475.00 to $470.00 and set a sector perform rating on the stock in a report on Wednesday, January 24th. Finally, Citigroup reduced their price objective on Lockheed Martin from $540.00 to $508.00 and set a buy rating on the stock in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin presently has an average rating of Hold and a consensus target price of $485.40.

Lockheed Martin Stock Down 0.8 %

Shares of LMT opened at $461.28 on Wednesday. The company has a market capitalization of $110.68 billion, a P/E ratio of 16.88, a PEG ratio of 4.25 and a beta of 0.48. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.03. Lockheed Martin has a one year low of $393.77 and a one year high of $479.50. The business’s 50 day simple moving average is $443.74 and its 200-day simple moving average is $444.46.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping the consensus estimate of $5.80 by $0.53. The business had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. Lockheed Martin’s revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the business earned $6.43 EPS. As a group, sell-side analysts predict that Lockheed Martin will post 26.05 EPS for the current fiscal year.

Insider Activity

In other news, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total value of $2,675,102.76. Following the transaction, the insider now owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total value of $2,675,102.76. Following the transaction, the insider now owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock valued at $7,249,946 in the last 90 days. 0.17% of the stock is owned by company insiders.

Institutional Trading of Lockheed Martin

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Lockheed Martin by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock valued at $9,120,920,000 after buying an additional 279,162 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Lockheed Martin by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,686,937 shares of the aerospace company’s stock valued at $2,302,388,000 after buying an additional 97,916 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Lockheed Martin by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,158,783 shares of the aerospace company’s stock valued at $1,291,816,000 after buying an additional 121,358 shares in the last quarter. Franklin Resources Inc. increased its holdings in Lockheed Martin by 14.9% during the 4th quarter. Franklin Resources Inc. now owns 2,589,447 shares of the aerospace company’s stock worth $1,173,641,000 after purchasing an additional 336,588 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Lockheed Martin by 4.0% during the 3rd quarter. Northern Trust Corp now owns 2,388,377 shares of the aerospace company’s stock worth $976,751,000 after purchasing an additional 91,109 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Company Profile

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.