The Goldman Sachs Group Trims Lockheed Martin (NYSE:LMT) Target Price to $377.00

Lockheed Martin (NYSE:LMT - Free Report) had its target price reduced by The Goldman Sachs Group from $380.00 to $377.00 in a report released on Tuesday morning. The Goldman Sachs Group currently has a sell rating on the aerospace company's stock.

A number of other research analysts have also weighed in on the stock. Citigroup dropped their price target on shares of Lockheed Martin from $540.00 to $508.00 and set a buy rating on the stock in a research report on Wednesday, January 24th. Royal Bank of Canada lowered their price objective on shares of Lockheed Martin from $475.00 to $470.00 and set a sector perform rating on the stock in a research report on Wednesday, January 24th. Susquehanna lowered their price objective on shares of Lockheed Martin from $550.00 to $540.00 and set a positive rating on the stock in a research report on Wednesday, January 24th. JPMorgan Chase & Co. raised shares of Lockheed Martin from a neutral rating to an overweight rating and boosted their price target for the company from $475.00 to $518.00 in a research report on Monday, April 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $475.80.

Lockheed Martin Stock Down 0.3 %

Shares of LMT traded down $1.34 during trading hours on Tuesday, reaching $459.99. 1,789,251 shares of the stock traded hands, compared to its average volume of 1,176,603. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 2.53. The stock has a fifty day simple moving average of $441.34 and a 200 day simple moving average of $444.04. Lockheed Martin has a 52 week low of $393.77 and a 52 week high of $483.53. The company has a market cap of $110.62 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 4.23 and a beta of 0.48.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share for the quarter, beating analysts' consensus estimates of $7.26 by $0.64. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The company had revenue of $18.87 billion for the quarter, compared to analyst estimates of $17.96 billion. During the same period last year, the firm earned $7.79 earnings per share. The firm's revenue was down .6% on a year-over-year basis. On average, equities analysts forecast that Lockheed Martin will post 26.13 EPS for the current year.

Insider Activity at Lockheed Martin

In other news, COO John Frank A. St sold 6,648 shares of the business's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Gregory M. Ulmer sold 6,204 shares of the company's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the completion of the sale, the insider now directly owns 12,604 shares in the company, valued at approximately $5,434,718.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO John Frank A. St sold 6,648 shares of the company's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,874 shares of company stock valued at $7,249,946. Corporate insiders own 0.14% of the company's stock.

Institutional Investors Weigh In On Lockheed Martin

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Lockheed Martin by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company's stock worth $9,120,920,000 after purchasing an additional 279,162 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Lockheed Martin by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,686,937 shares of the aerospace company's stock worth $2,302,388,000 after purchasing an additional 97,916 shares in the last quarter. Wellington Management Group LLP raised its holdings in Lockheed Martin by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,158,783 shares of the aerospace company's stock worth $1,291,816,000 after purchasing an additional 121,358 shares in the last quarter. Franklin Resources Inc. raised its holdings in Lockheed Martin by 14.9% in the 4th quarter. Franklin Resources Inc. now owns 2,589,447 shares of the aerospace company's stock worth $1,173,641,000 after purchasing an additional 336,588 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Lockheed Martin by 4.0% in the 3rd quarter. Northern Trust Corp now owns 2,388,377 shares of the aerospace company's stock worth $976,751,000 after purchasing an additional 91,109 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Company Profile

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.