Lockheed Martin (NYSE:LMT) PT Raised to $626.00

Lockheed Martin (NYSE:LMT) had its price objective hoisted by Robert W. Baird from $519.00 to $626.00 in a research note released on Tuesday morning.

LMT has been the topic of a number of other reports. Barclays boosted their target price on Lockheed Martin from $480.00 to $505.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. Bank of America reiterated a “buy” rating and issued a $635.00 price objective on shares of Lockheed Martin in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Lockheed Martin from $600.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Citigroup upped their price target on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Morgan Stanley lifted their price objective on Lockheed Martin from $503.00 to $599.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $606.71.

Lockheed Martin Trading Down 1.2 %

NYSE:LMT opened at $564.21 on Tuesday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.07 and a current ratio of 1.24. Lockheed Martin has a 1 year low of $413.92 and a 1 year high of $618.95. The stock has a market capitalization of $135.38 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 4.84 and a beta of 0.47. The stock has a fifty day moving average price of $579.95 and a two-hundred day moving average price of $513.50.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The firm had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter in the previous year, the firm earned $6.77 earnings per share. The firm’s revenue was up 1.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Lockheed Martin will post 26.68 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be issued a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.34%. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s payout ratio is presently 48.30%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in shares of Lockheed Martin by 130.0% during the 2nd quarter. GAMMA Investing LLC now owns 3,572 shares of the aerospace company’s stock valued at $1,668,000 after acquiring an additional 2,019 shares in the last quarter. Buck Wealth Strategies LLC purchased a new position in Lockheed Martin in the 2nd quarter worth approximately $6,611,000. Verity & Verity LLC grew its position in Lockheed Martin by 3.2% in the second quarter. Verity & Verity LLC now owns 34,236 shares of the aerospace company’s stock valued at $15,992,000 after acquiring an additional 1,071 shares in the last quarter. Watts Gwilliam & Co. LLC purchased a new stake in shares of Lockheed Martin during the third quarter valued at approximately $1,096,000. Finally, New Mexico Educational Retirement Board lifted its position in shares of Lockheed Martin by 20.5% during the first quarter. New Mexico Educational Retirement Board now owns 14,097 shares of the aerospace company’s stock worth $6,222,000 after purchasing an additional 2,400 shares in the last quarter. Hedge funds and other 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.