Susquehanna Lowers Lockheed Martin (NYSE:LMT) Price Target to $550.00

Lockheed Martin (NYSE:LMT) had its price objective decreased by research analysts at Susquehanna from $590.00 to $550.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “positive” rating on the aerospace company’s stock. Susquehanna’s price objective would suggest a potential upside of 19.79% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Citigroup reduced their price target on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. StockNews.com lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and decreased their target price for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Finally, Royal Bank of Canada cut their price target on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Lockheed Martin has an average rating of “Moderate Buy” and a consensus target price of $555.60.

Lockheed Martin Stock Up 1.0 %

Shares of NYSE LMT opened at $459.12 on Wednesday. The firm has a fifty day simple moving average of $495.56 and a two-hundred day simple moving average of $536.97. The firm has a market capitalization of $108.83 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. Lockheed Martin has a 12 month low of $413.92 and a 12 month high of $618.95.

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

Institutional Trading of Lockheed Martin

A number of large investors have recently made changes to their positions in LMT. Valmark Advisers Inc. boosted its holdings in Lockheed Martin by 3.9% in the fourth quarter. Valmark Advisers Inc. now owns 3,887 shares of the aerospace company’s stock worth $1,889,000 after purchasing an additional 147 shares during the last quarter. MOKAN Wealth Management Inc. bought a new position in shares of Lockheed Martin during the 4th quarter valued at $1,773,000. Strategic Financial Concepts LLC purchased a new position in shares of Lockheed Martin in the 4th quarter worth $233,000. Allworth Financial LP grew its holdings in shares of Lockheed Martin by 23.8% in the fourth quarter. Allworth Financial LP now owns 17,228 shares of the aerospace company’s stock worth $8,603,000 after acquiring an additional 3,317 shares during the period. Finally, Principal Securities Inc. increased its position in Lockheed Martin by 5.1% during the fourth quarter. Principal Securities Inc. now owns 9,354 shares of the aerospace company’s stock valued at $4,546,000 after acquiring an additional 450 shares during the last quarter. 74.19% of the stock is currently owned by 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.