Deutsche Bank Aktiengesellschaft Raises Lockheed Martin (NYSE:LMT) Price Target to $487.00

Lockheed Martin (NYSE:LMT) had its target price upped by Deutsche Bank Aktiengesellschaft from $467.00 to $487.00 in a report published on Thursday morning, Benzinga reports. They currently have a hold rating on the aerospace company’s stock.

A number of other analysts also recently weighed in on LMT. Morgan Stanley decreased their price target on Lockheed Martin from $513.00 to $503.00 and set an equal weight rating on the stock in a research note on Wednesday, January 24th. Citigroup boosted their target price on Lockheed Martin from $508.00 to $525.00 and gave the stock a buy rating in a research report on Wednesday. Royal Bank of Canada decreased their target price on Lockheed Martin from $475.00 to $470.00 and set a sector perform rating on the stock in a research report on Wednesday, January 24th. The Goldman Sachs Group decreased their target price on Lockheed Martin from $380.00 to $377.00 and set a sell rating on the stock in a research report on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. upgraded Lockheed Martin from a neutral rating to an overweight rating and boosted their target price for the stock from $475.00 to $518.00 in a research report on Monday, April 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $485.40.

Lockheed Martin Stock Down 0.8 %

Lockheed Martin stock opened at $461.29 on Thursday. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.03. Lockheed Martin has a 1-year low of $393.77 and a 1-year high of $479.50. The company has a market cap of $110.68 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 4.22 and a beta of 0.48. The stock’s 50 day moving average price is $443.74 and its 200 day moving average price is $444.53.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $16.04 billion. During the same period in the previous year, the business earned $6.43 earnings per share. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, sell-side analysts predict that Lockheed Martin will post 26.16 EPS for the current fiscal year.

Insider Transactions at Lockheed Martin

In other news, insider Gregory M. Ulmer sold 6,204 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total value of $2,675,102.76. Following the completion of the transaction, the insider now directly owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the completion of the transaction, the insider now owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The disclosure for this sale can be found here. Insiders sold a total of 16,874 shares of company stock valued at $7,249,946 over the last three months. 0.17% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lockheed Martin

Several institutional investors have recently added to or reduced their stakes in the business. First Pacific Financial purchased a new stake in Lockheed Martin during the first quarter valued at about $25,000. Altshuler Shaham Ltd purchased a new stake in Lockheed Martin during the fourth quarter valued at about $26,000. Bank Julius Baer & Co. Ltd Zurich grew its position in Lockheed Martin by 73.0% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 27 shares during the period. Activest Wealth Management grew its position in Lockheed Martin by 1,200.0% during the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 60 shares during the period. Finally, Milestone Investment Advisors LLC purchased a new stake in Lockheed Martin during the third quarter valued at about $33,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

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.