Lockheed Martin (NYSE:LMT) Sets New 1-Year High – What’s Next?

Lockheed Martin Corporation (NYSE:LMT) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $646.59 and last traded at $632.6140, with a volume of 673882 shares changing hands. The stock had previously closed at $636.00.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on LMT shares. UBS Group raised their price target on shares of Lockheed Martin from $580.00 to $663.00 and gave the stock a “neutral” rating in a research report on Monday. BNP Paribas Exane raised their price objective on shares of Lockheed Martin from $550.00 to $570.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Citigroup upped their target price on shares of Lockheed Martin from $592.00 to $673.00 and gave the company a “neutral” rating in a research note on Thursday. Royal Bank Of Canada increased their price target on shares of Lockheed Martin from $615.00 to $650.00 and gave the stock a “sector perform” rating in a research report on Friday, January 30th. Finally, Susquehanna reissued a “positive” rating and issued a $660.00 price objective on shares of Lockheed Martin in a report on Thursday, January 15th. Five equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $608.72.

Lockheed Martin Trading Up 0.8%

The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 3.05. The firm’s 50 day moving average is $519.87 and its two-hundred day moving average is $484.12. The stock has a market cap of $139.78 billion, a price-to-earnings ratio of 28.27, a price-to-earnings-growth ratio of 1.43 and a beta of 0.23.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing the consensus estimate of $6.33 by ($0.53). The company had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.84 billion. Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the company posted $7.67 earnings per share. Equities analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Institutional Trading of Lockheed Martin

A number of large investors have recently modified their holdings of LMT. United Financial Planning Group LLC acquired a new stake in shares of Lockheed Martin in the third quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC grew its holdings in Lockheed Martin by 285.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock worth $27,000 after buying an additional 40 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new stake in Lockheed Martin in the 3rd quarter valued at approximately $27,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Lockheed Martin in the 2nd quarter valued at approximately $28,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Lockheed Martin in the 2nd quarter valued at approximately $29,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

About Lockheed Martin

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.