UBS Group Cuts Lockheed Martin (NYSE:LMT) Price Target to $508.00

Lockheed Martin (NYSE:LMT) had its price objective reduced by UBS Group from $527.00 to $508.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a neutral rating on the aerospace company’s stock.

Several other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. lowered their price target on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Wells Fargo & Company lowered their price target on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. Robert W. Baird raised their price target on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price target for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. Finally, Barclays reduced their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $556.13.

Lockheed Martin Stock Down 0.7 %

Lockheed Martin stock opened at $454.18 on Wednesday. Lockheed Martin has a 1-year low of $413.92 and a 1-year high of $618.95. The business has a fifty day moving average price of $497.18 and a 200-day moving average price of $537.55. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The stock has a market capitalization of $107.66 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. Equities research analysts forecast that Lockheed Martin will post 26.89 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is currently 47.79%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Bogart Wealth LLC raised its position in Lockheed Martin by 1.0% during the fourth quarter. Bogart Wealth LLC now owns 19,858 shares of the aerospace company’s stock valued at $9,650,000 after acquiring an additional 203 shares in the last quarter. Asset Management One Co. Ltd. increased its position in shares of Lockheed Martin by 5.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 87,349 shares of the aerospace company’s stock valued at $42,711,000 after buying an additional 4,202 shares in the last quarter. Life Planning Partners Inc purchased a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $4,867,000. Aljian Capital Management LLC increased its position in shares of Lockheed Martin by 39.1% in the fourth quarter. Aljian Capital Management LLC now owns 10,774 shares of the aerospace company’s stock valued at $5,236,000 after buying an additional 3,029 shares in the last quarter. Finally, Pathway Financial Advisers LLC increased its position in shares of Lockheed Martin by 1.3% in the fourth quarter. Pathway Financial Advisers LLC now owns 9,844 shares of the aerospace company’s stock valued at $4,784,000 after buying an additional 125 shares in the last quarter. 74.19% of the stock is currently 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.