Lockheed Martin Co. (NYSE:LMT) Receives $371.79 Consensus Price Target from Analysts

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Lockheed Martin Co. (NYSE:LMT) has been assigned a consensus rating of “Buy” from the seventeen analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $371.79.

Several research analysts have issued reports on the stock. Morgan Stanley dropped their target price on shares of Lockheed Martin from $381.00 to $364.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. ValuEngine cut shares of Lockheed Martin from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Barclays reiterated a “hold” rating and set a $410.00 target price on shares of Lockheed Martin in a report on Wednesday, October 9th. JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $395.00 to $360.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Finally, Buckingham Research increased their target price on shares of Lockheed Martin from $405.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday. They noted that the move was a valuation call.

Lockheed Martin stock traded up $3.11 during midday trading on Thursday, hitting $381.86. 772,430 shares of the company’s stock were exchanged, compared to its average volume of 1,168,903. The company has a debt-to-equity ratio of 3.21, a quick ratio of 1.05 and a current ratio of 1.28. Lockheed Martin has a 12 month low of $241.18 and a 12 month high of $399.96. The firm has a 50-day moving average of $380.57 and a two-hundred day moving average of $364.83. The company has a market cap of $105.39 billion, a PE ratio of 21.39, a P/E/G ratio of 2.44 and a beta of 0.95.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 22nd. The aerospace company reported $5.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.02 by $0.64. Lockheed Martin had a net margin of 10.26% and a return on equity of 221.59%. The company had revenue of $15.17 billion for the quarter, compared to analysts’ expectations of $14.87 billion. During the same period in the prior year, the business earned $5.14 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, equities analysts expect that Lockheed Martin will post 21.57 earnings per share for the current year.

Lockheed Martin announced that its board has authorized a share repurchase plan on Thursday, September 26th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the aerospace company to purchase up to 1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be issued a $2.40 dividend. This is a boost from Lockheed Martin’s previous quarterly dividend of $2.20. This represents a $9.60 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Friday, November 29th. Lockheed Martin’s dividend payout ratio (DPR) is currently 49.30%.

Large investors have recently added to or reduced their stakes in the company. Krane Funds Advisors LLC acquired a new stake in Lockheed Martin in the 2nd quarter worth approximately $26,000. Paragon Capital Management LLC boosted its stake in Lockheed Martin by 406.7% in the 2nd quarter. Paragon Capital Management LLC now owns 76 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 61 shares in the last quarter. Accurate Investment Solutions Inc. boosted its stake in Lockheed Martin by 257.1% in the 3rd quarter. Accurate Investment Solutions Inc. now owns 75 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 54 shares in the last quarter. KCS Wealth Advisory acquired a new stake in Lockheed Martin in the 3rd quarter worth approximately $37,000. Finally, MRA Associates USA LLC acquired a new stake in Lockheed Martin in the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds own 78.57% 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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