Lockheed Martin (NYSE:LMT) Raised to “Overweight” at JPMorgan Chase & Co.

Lockheed Martin (NYSE:LMT) was upgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued to investors on Monday, MarketBeat.com reports. The firm presently has a $518.00 target price on the aerospace company’s stock, up from their prior target price of $475.00. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 14.02% from the stock’s current price.

A number of other equities research analysts also recently commented on the company. Susquehanna decreased their target price on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a report on Wednesday, January 24th. Citigroup decreased their target price on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Morgan Stanley decreased their price target on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Royal Bank of Canada decreased their price target on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a report on Wednesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and a consensus target price of $493.36.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $454.31 on Monday. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.03 and a current ratio of 1.21. Lockheed Martin has a fifty-two week low of $393.77 and a fifty-two week high of $508.10. The company has a market cap of $109.26 billion, a PE ratio of 16.49, a P/E/G ratio of 4.11 and a beta of 0.48. The business has a 50-day simple moving average of $438.14 and a two-hundred day simple moving average of $442.02.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, topping analysts’ consensus estimates of $7.26 by $0.64. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The firm had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $17.96 billion. During the same quarter in the previous year, the company posted $7.79 earnings per share. The company’s revenue was down .6% compared to the same quarter last year. As a group, equities analysts expect that Lockheed Martin will post 26.13 EPS for the current fiscal year.

Insider Activity

In other news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The disclosure for this sale can be found here. Insiders sold 16,874 shares of company stock worth $7,249,946 over the last three months. 0.14% of the stock is currently owned by corporate insiders.

Institutional Trading of Lockheed Martin

Large investors have recently made changes to their positions in the company. Triumph Capital Management boosted its stake in Lockheed Martin by 3.1% during the third quarter. Triumph Capital Management now owns 723 shares of the aerospace company’s stock worth $296,000 after buying an additional 22 shares during the last quarter. Abbrea Capital LLC boosted its stake in Lockheed Martin by 1.7% during the third quarter. Abbrea Capital LLC now owns 1,397 shares of the aerospace company’s stock worth $571,000 after buying an additional 23 shares during the last quarter. Pinnacle Wealth Planning Services Inc. boosted its stake in Lockheed Martin by 1.6% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,429 shares of the aerospace company’s stock worth $584,000 after buying an additional 23 shares during the last quarter. Elevated Capital Advisors LLC boosted its stake in Lockheed Martin by 3.5% during the third quarter. Elevated Capital Advisors LLC now owns 709 shares of the aerospace company’s stock worth $290,000 after buying an additional 24 shares during the last quarter. Finally, Duncker Streett & Co. Inc. boosted its stake in Lockheed Martin by 1.2% during the third quarter. Duncker Streett & Co. Inc. now owns 2,013 shares of the aerospace company’s stock worth $823,000 after buying an additional 24 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

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.