TD Cowen restated their hold rating on shares of Lockheed Martin (NYSE:LMT - Free Report) in a research note published on Thursday morning, MarketBeat.com reports. They currently have a $480.00 price target on the aerospace company's stock, down from their previous price target of $500.00.
A number of other research firms have also commented on LMT. Robert W. Baird raised shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 target price for the company in a report on Wednesday, April 23rd. Melius Research cut Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Royal Bank Of Canada lowered Lockheed Martin from an "outperform" rating to a "sector perform" rating and cut their target price for the company from $550.00 to $480.00 in a research note on Thursday, March 27th. Bank of America cut Lockheed Martin from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $685.00 to $485.00 in a report on Monday, March 24th. Finally, Baird R W raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Ten investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $533.13.
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Lockheed Martin Price Performance
Shares of Lockheed Martin stock traded up $1.50 during midday trading on Thursday, reaching $464.56. The company had a trading volume of 1,253,163 shares, compared to its average volume of 1,364,155. The stock has a fifty day simple moving average of $469.92 and a 200 day simple moving average of $465.30. The company has a market capitalization of $108.85 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 1.61 and a beta of 0.28. Lockheed Martin has a 1-year low of $418.88 and a 1-year high of $618.95. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 2.79.
Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping analysts' consensus estimates of $6.34 by $0.94. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. The firm had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. As a group, equities research analysts forecast that Lockheed Martin will post 27.15 earnings per share for the current year.
Lockheed Martin Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's payout ratio is presently 57.02%.
Institutional Investors Weigh In On Lockheed Martin
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. First American Bank boosted its holdings in Lockheed Martin by 18.8% during the first quarter. First American Bank now owns 8,393 shares of the aerospace company's stock worth $3,749,000 after purchasing an additional 1,327 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in Lockheed Martin during the 4th quarter worth about $33,294,000. Cantor Fitzgerald Investment Advisors L.P. boosted its stake in shares of Lockheed Martin by 18.6% during the 1st quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company's stock worth $7,652,000 after buying an additional 2,686 shares during the last quarter. State of Wyoming grew its holdings in shares of 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 acquiring an additional 539 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its position in shares of Lockheed Martin by 3.9% in the fourth quarter. Treasurer of the State of North Carolina now owns 102,674 shares of the aerospace company's stock valued at $49,893,000 after acquiring an additional 3,809 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.
Lockheed Martin Company Profile
(
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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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