Lockheed Martin (NYSE:LMT) Price Target Lowered to $500.00 at Robert W. Baird

Lockheed Martin (NYSE:LMT - Get Free Report) had its target price dropped by equities research analysts at Robert W. Baird from $540.00 to $500.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the aerospace company's stock. Robert W. Baird's price target points to a potential upside of 21.78% from the stock's previous close.

A number of other equities analysts have also issued reports on LMT. TD Cowen reissued a "hold" rating and set a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Cowen cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Wells Fargo & Company reduced their price objective on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Finally, Morgan Stanley upgraded shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target on the stock in a research note on Wednesday, April 16th. Fourteen analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $519.35.

Lockheed Martin Trading Down 10.9%

NYSE LMT opened at $410.56 on Wednesday. The company's 50-day moving average price is $469.37 and its 200-day moving average price is $464.14. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 2.79. The stock has a market cap of $96.19 billion, a PE ratio of 17.73, a PEG ratio of 1.61 and a beta of 0.28. Lockheed Martin has a 12 month low of $410.11 and a 12 month high of $618.95.

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 for the quarter, compared to analysts' expectations of $17.83 billion. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. Equities research analysts forecast that Lockheed Martin will post 27.15 earnings per share for the current year.

Institutional Investors Weigh In On Lockheed Martin

Several large investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in shares of 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 buying an additional 560,457 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Lockheed Martin by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 4,887,242 shares of the aerospace company's stock valued at $2,374,557,000 after acquiring an additional 59,597 shares during the last quarter. Royal Bank of Canada boosted its stake in Lockheed Martin by 1.4% in the 1st quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company's stock worth $1,021,846,000 after buying an additional 31,443 shares during the last quarter. Northern Trust Corp boosted its stake in Lockheed Martin by 6.3% in the 4th quarter. Northern Trust Corp now owns 2,260,910 shares of the aerospace company's stock worth $1,098,667,000 after buying an additional 134,662 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Lockheed Martin by 0.6% in the 1st quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company's stock worth $958,116,000 after buying an additional 12,899 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

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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