Lockheed Martin Co. (NYSE:LMT) Receives $485.40 Average PT from Brokerages

Lockheed Martin Co. (NYSE:LMT) has been given an average recommendation of “Hold” by the eleven analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $509.64.

LMT has been the subject of a number of recent analyst reports. Susquehanna upped their price target on shares of Lockheed Martin from $540.00 to $565.00 and gave the stock a “positive” rating in a research report on Wednesday. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $475.00 to $518.00 in a report on Monday, April 15th. TD Cowen raised Lockheed Martin from a “hold” rating to a “buy” rating and raised their price target for the company from $480.00 to $560.00 in a report on Wednesday. Citigroup upped their price objective on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, Royal Bank of Canada lifted their target price on Lockheed Martin from $470.00 to $500.00 and gave the company a “sector perform” rating in a research note on Wednesday.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $515.20 on Thursday. The stock has a market cap of $123.62 billion, a P/E ratio of 18.85, a P/E/G ratio of 4.48 and a beta of 0.46. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30. The stock’s fifty day moving average is $467.28 and its 200 day moving average is $452.98. Lockheed Martin has a one year low of $393.77 and a one year high of $519.59.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $7.11 EPS for the quarter, topping the consensus estimate of $6.45 by $0.66. The firm had revenue of $18.12 billion for the quarter, compared to the consensus estimate of $17.05 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $6.73 earnings per share. Sell-side analysts anticipate that Lockheed Martin will post 26.1 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $3.15 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $12.60 annualized dividend and a dividend yield of 2.45%. Lockheed Martin’s dividend payout ratio (DPR) is 46.10%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Creative Financial Designs Inc. ADV lifted its holdings in shares of Lockheed Martin by 106.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 496 shares of the aerospace company’s stock valued at $225,000 after acquiring an additional 256 shares during the last quarter. BKM Wealth Management LLC purchased a new position in shares of Lockheed Martin in the 4th quarter worth approximately $161,000. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Lockheed Martin during the 4th quarter valued at approximately $388,000. Rockland Trust Co. raised its holdings in Lockheed Martin by 38.7% during the 4th quarter. Rockland Trust Co. now owns 770 shares of the aerospace company’s stock valued at $349,000 after buying an additional 215 shares during the period. Finally, Resource Consulting Group Inc. lifted its position in Lockheed Martin by 2.4% in the fourth quarter. Resource Consulting Group Inc. now owns 3,231 shares of the aerospace company’s stock worth $1,464,000 after buying an additional 75 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

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.