Lockheed Martin (NYSE:LMT) Given New $565.00 Price Target at Susquehanna

Lockheed Martin (NYSE:LMT) had its price objective increased by Susquehanna from $540.00 to $565.00 in a report released on Wednesday morning, Benzinga reports. They currently have a positive rating on the aerospace company’s stock.

A number of other brokerages also recently issued reports on LMT. StockNews.com raised Lockheed Martin from a buy rating to a strong-buy rating in a report on Thursday, April 25th. UBS Group boosted their target price on shares of Lockheed Martin from $482.00 to $499.00 and gave the company a neutral rating in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a hold rating in a report on Thursday, April 25th. Wells Fargo & Company lifted their price objective on shares of Lockheed Martin from $460.00 to $480.00 and gave the company an equal weight rating in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. raised shares of Lockheed Martin from a neutral rating to an overweight rating and increased their target price for the stock from $475.00 to $518.00 in a research note on Monday, April 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $518.91.

Lockheed Martin Stock Up 0.6 %

NYSE:LMT opened at $524.71 on Wednesday. The firm has a market capitalization of $125.07 billion, a P/E ratio of 19.20, a PEG ratio of 4.86 and a beta of 0.46. The company’s fifty day moving average price is $469.59 and its 200-day moving average price is $453.91. Lockheed Martin has a 1-year low of $393.77 and a 1-year high of $528.64. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.24 and a quick ratio of 1.11.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share for the quarter, topping the consensus estimate of $6.45 by $0.66. The company 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 95.03% and a net margin of 9.48%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $6.73 EPS. As a group, equities research analysts anticipate that Lockheed Martin will post 26.43 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $3.15 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 annualized dividend and a yield of 2.40%. Lockheed Martin’s dividend payout ratio (DPR) is currently 46.10%.

Insider Buying and Selling at Lockheed Martin

In other news, insider Timothy S. Cahill sold 3,975 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $515.36, for a total value of $2,048,556.00. Following the sale, the insider now directly owns 8,877 shares of the company’s stock, valued at $4,574,850.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.17% of the company’s stock.

Hedge Funds Weigh In On Lockheed Martin

Several hedge funds and other institutional investors have recently modified their holdings of the business. HTLF Bank raised its holdings in Lockheed Martin by 3.7% in the 2nd quarter. HTLF Bank now owns 565 shares of the aerospace company’s stock valued at $264,000 after acquiring an additional 20 shares during the last quarter. Goldstein Advisors LLC grew its position in shares of Lockheed Martin by 1.2% in the second quarter. Goldstein Advisors LLC now owns 1,731 shares of the aerospace company’s stock valued at $809,000 after purchasing an additional 21 shares in the last quarter. Hudock Inc. increased its holdings in shares of Lockheed Martin by 1.3% in the first quarter. Hudock Inc. now owns 1,760 shares of the aerospace company’s stock valued at $801,000 after purchasing an additional 22 shares during the last quarter. Lester Murray Antman dba SimplyRich increased its holdings in shares of Lockheed Martin by 0.8% in the second quarter. Lester Murray Antman dba SimplyRich now owns 2,765 shares of the aerospace company’s stock valued at $1,291,000 after purchasing an additional 22 shares during the last quarter. Finally, American Trust lifted its position in Lockheed Martin by 1.8% during the first quarter. American Trust now owns 1,394 shares of the aerospace company’s stock worth $634,000 after buying an additional 24 shares in 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.