Lockheed Martin Corporation (NYSE:LMT) Given Consensus Recommendation of "Hold" by Brokerages

Lockheed Martin Corporation (NYSE:LMT - Get Free Report) has received an average rating of "Hold" from the twenty-two brokerages that are presently covering the stock, Marketbeat Ratings reports. Fifteen equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $503.1250.

LMT has been the subject of several recent research reports. Susquehanna boosted their price objective on Lockheed Martin from $490.00 to $590.00 and gave the stock a "positive" rating in a report on Thursday. JPMorgan Chase & Co. dropped their price objective on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Alembic Global Advisors raised Lockheed Martin from a "neutral" rating to an "overweight" rating in a research note on Thursday, August 28th. Robert W. Baird upped their price target on Lockheed Martin from $500.00 to $550.00 and gave the company an "outperform" rating in a research note on Monday. Finally, Royal Bank Of Canada lowered their price target on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 23rd.

Institutional Trading of Lockheed Martin

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Tableaux LLC increased its stake in Lockheed Martin by 34,231.4% during the 2nd quarter. Tableaux LLC now owns 623,115 shares of the aerospace company's stock worth $288,589,000 after purchasing an additional 621,300 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Lockheed Martin by 7.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company's stock worth $3,587,444,000 after purchasing an additional 560,457 shares in the last quarter. Nuveen LLC bought a new stake in Lockheed Martin during the 1st quarter worth approximately $221,790,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Lockheed Martin by 169.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 572,272 shares of the aerospace company's stock worth $265,030,000 after purchasing an additional 359,748 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Lockheed Martin by 76.7% during the 1st quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company's stock worth $361,045,000 after purchasing an additional 350,796 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Down 0.5%

LMT opened at $505.11 on Friday. The firm's 50-day simple moving average is $464.89 and its 200-day simple moving average is $462.82. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. Lockheed Martin has a twelve month low of $410.11 and a twelve month high of $618.95. The firm has a market cap of $117.92 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 1.79 and a beta of 0.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.57 by $0.72. The business had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The firm's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Equities research analysts anticipate that Lockheed Martin will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be paid a $3.45 dividend. This is a boost from Lockheed Martin's previous quarterly dividend of $3.30. The ex-dividend date of this dividend is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.7%. Lockheed Martin's dividend payout ratio (DPR) is currently 74.32%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.