Lockheed Martin (NYSE:LMT) Trading 0.5% Higher – Still a Buy?

Lockheed Martin Co. (NYSE:LMT)’s stock price traded up 0.5% during trading on Wednesday . The stock traded as high as $466.96 and last traded at $466.45. 214,797 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 981,757 shares. The stock had previously closed at $463.96.

Analyst Upgrades and Downgrades

LMT has been the topic of several research analyst reports. UBS Group upped their price target on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. StockNews.com downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. boosted their price objective on Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Robert W. Baird lifted their target price on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Finally, TD Cowen boosted their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and a consensus target price of $591.21.

Lockheed Martin Trading Up 0.5 %

The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. The firm has a 50-day moving average of $516.04 and a 200-day moving average of $535.36. The firm has a market capitalization of $110.50 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $0.34. The firm had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business earned $6.77 earnings per share. On average, equities research analysts anticipate that Lockheed Martin Co. will post 26.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Lantz Financial LLC raised its holdings in Lockheed Martin by 2.6% in the 2nd quarter. Lantz Financial LLC now owns 4,882 shares of the aerospace company’s stock worth $2,281,000 after purchasing an additional 123 shares in the last quarter. Strategic Financial Concepts LLC boosted its position in Lockheed Martin by 27,457.9% during the 2nd quarter. Strategic Financial Concepts LLC now owns 132,278 shares of the aerospace company’s stock valued at $618,000 after acquiring an additional 131,798 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Lockheed Martin by 31.0% during the 2nd quarter. Acadian Asset Management LLC now owns 33,130 shares of the aerospace company’s stock worth $15,467,000 after acquiring an additional 7,847 shares during the period. Choreo LLC raised its position in shares of Lockheed Martin by 53.7% in the 2nd quarter. Choreo LLC now owns 13,512 shares of the aerospace company’s stock worth $6,303,000 after acquiring an additional 4,718 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its stake in shares of Lockheed Martin by 6.7% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 1,603 shares of the aerospace company’s stock valued at $749,000 after purchasing an additional 101 shares during the period. Hedge funds and other institutional investors own 74.19% 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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.