Shares of Lockheed Martin Co. (NYSE:LMT - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seventeen analysts that are presently covering the stock, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $541.80.
A number of equities research analysts recently weighed in on LMT shares. Royal Bank of Canada lowered shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and lowered their price target for the company from $550.00 to $480.00 in a report on Thursday, March 27th. Melius Research lowered shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Wells Fargo & Company decreased their price objective on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Jefferies Financial Group decreased their price objective on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a report on Monday, April 28th. Finally, Morgan Stanley raised shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price objective for the company in a report on Wednesday, April 16th.
Get Our Latest Analysis on LMT
Lockheed Martin Price Performance
Lockheed Martin stock opened at $481.49 on Friday. Lockheed Martin has a 52-week low of $418.88 and a 52-week high of $618.95. The firm has a fifty day moving average of $467.56 and a 200-day moving average of $472.01. The firm has a market capitalization of $112.81 billion, a P/E ratio of 21.63, a PEG ratio of 2.07 and a beta of 0.29. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10.
Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, beating analysts' consensus estimates of $6.34 by $0.94. The business had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. As a group, analysts predict that Lockheed Martin will post 27.15 EPS for the current year.
Lockheed Martin Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be given a $3.30 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 annualized dividend and a yield of 2.74%. Lockheed Martin's dividend payout ratio is presently 57.02%.
Institutional Trading of Lockheed Martin
Hedge funds have recently bought and sold shares of the company. Kentucky Retirement Systems Insurance Trust Fund lifted its position in Lockheed Martin by 51.7% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,528 shares of the aerospace company's stock valued at $4,630,000 after purchasing an additional 3,247 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in Lockheed Martin in the 4th quarter valued at about $33,294,000. Private Advisor Group LLC lifted its position in Lockheed Martin by 11.0% in the 4th quarter. Private Advisor Group LLC now owns 51,253 shares of the aerospace company's stock valued at $24,906,000 after purchasing an additional 5,075 shares during the last quarter. State of Wyoming lifted its position in Lockheed Martin by 93.9% in the 4th quarter. State of Wyoming now owns 1,113 shares of the aerospace company's stock valued at $541,000 after purchasing an additional 539 shares during the last quarter. Finally, Soltis Investment Advisors LLC lifted its position in Lockheed Martin by 42.5% in the 4th quarter. Soltis Investment Advisors LLC now owns 13,935 shares of the aerospace company's stock valued at $6,772,000 after purchasing an additional 4,159 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.
Lockheed Martin Company Profile
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Get Free ReportLockheed 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.
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