Lockheed Martin Corporation (NYSE:LMT) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Lockheed Martin has received a consensus rating of "Hold" from 21 research firms, with an average 12-month price target of $494.00.
• Despite reporting earnings of $7.29 per share for the last quarter, slightly above analyst estimates, the revenue of $18.16 billion fell short of forecasts.
• The company announced a quarterly dividend of $3.30 per share, representing a yield of 2.8%, with a payout ratio of 74.32%.

Shares of Lockheed Martin Corporation (NYSE:LMT - Get Free Report) have earned a consensus rating of "Hold" from the twenty-one research firms that are covering the stock, Marketbeat.com reports. Fourteen research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $494.00.

A number of research firms have weighed in on LMT. Robert W. Baird cut their target price on shares of Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. Vertical Research reissued a "hold" rating and set a $460.00 target price on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Truist Financial lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and cut their target price for the stock from $554.00 to $440.00 in a research report on Wednesday, July 23rd. Susquehanna cut their price objective on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a research report on Wednesday, July 23rd. Finally, Cowen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th.

Lockheed Martin Trading Up 0.4%

Shares of NYSE:LMT opened at $473.34 on Tuesday. The stock has a market capitalization of $110.51 billion, a PE ratio of 26.65, a P/E/G ratio of 1.66 and a beta of 0.26. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. Lockheed Martin has a 1 year low of $410.11 and a 1 year high of $618.95. The firm has a fifty day moving average price of $446.48 and a 200 day moving average price of $458.57.

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

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.8%. Lockheed Martin's dividend payout ratio is currently 74.32%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Lockheed Martin by 1.0% during the second quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company's stock valued at $10,048,993,000 after buying an additional 214,565 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Lockheed Martin by 7.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company's stock valued at $3,587,444,000 after acquiring an additional 560,457 shares during the period. Geode Capital Management LLC increased its stake in Lockheed Martin by 0.4% in the second quarter. Geode Capital Management LLC now owns 4,884,954 shares of the aerospace company's stock valued at $2,256,147,000 after acquiring an additional 19,459 shares during the period. Royal Bank of Canada increased its stake in Lockheed Martin by 1.4% in the first quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company's stock valued at $1,021,846,000 after acquiring an additional 31,443 shares during the period. Finally, Invesco Ltd. increased its stake in Lockheed Martin by 0.6% in the first quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company's stock valued at $958,116,000 after acquiring an additional 12,899 shares during the period. Institutional investors and hedge funds own 74.19% of the company's stock.

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.

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