Lockheed Martin (NYSE:LMT) PT Lowered to $377.00 at The Goldman Sachs Group

Lockheed Martin (NYSE:LMT) had its target price lowered by The Goldman Sachs Group from $380.00 to $377.00 in a research report released on Tuesday morning. The brokerage currently has a sell rating on the aerospace company’s stock.

LMT has been the subject of a number of other reports. Royal Bank of Canada cut their price target on Lockheed Martin from $475.00 to $470.00 and set a sector perform rating for the company in a research note on Wednesday, January 24th. Susquehanna cut their price target on Lockheed Martin from $550.00 to $540.00 and set a positive rating for the company in a research note on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft raised their price target on Lockheed Martin from $438.00 to $472.00 in a research note on Monday, January 22nd. Morgan Stanley lowered their price objective on Lockheed Martin from $513.00 to $503.00 and set an equal weight rating on the stock in a report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. raised Lockheed Martin from a neutral rating to an overweight rating and increased their price objective for the company from $475.00 to $518.00 in a report on Monday, April 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Lockheed Martin currently has a consensus rating of Hold and an average price target of $485.40.

Lockheed Martin Stock Up 1.3 %

Shares of Lockheed Martin stock opened at $465.19 on Tuesday. The stock has a 50-day moving average price of $443.00 and a 200 day moving average price of $444.29. The company has a market cap of $111.62 billion, a P/E ratio of 17.02, a P/E/G ratio of 4.20 and a beta of 0.48. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 2.89. Lockheed Martin has a 1 year low of $393.77 and a 1 year high of $479.50.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The firm had revenue of $17.20 billion during the quarter, compared to the consensus estimate of $16.04 billion. During the same period in the prior year, the business earned $6.43 EPS. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, analysts expect that Lockheed Martin will post 26.04 EPS for the current fiscal year.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the firm’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 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 Lockheed Martin stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the sale, the insider now owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin 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 have sold 16,874 shares of company stock valued at $7,249,946 in the last 90 days. 0.17% of the stock is currently owned by insiders.

Institutional Trading of Lockheed Martin

Institutional investors have recently modified their holdings of the company. First Pacific Financial acquired a new stake in shares of Lockheed Martin during the 1st quarter worth approximately $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $26,000. Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of Lockheed Martin by 73.0% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 27 shares in the last quarter. Activest Wealth Management lifted its position in shares of Lockheed Martin by 1,200.0% during the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after buying an additional 60 shares during the period. Finally, Milestone Investment Advisors LLC bought a new position in shares of Lockheed Martin during the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds 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.