UBS Group Lowers Lockheed Martin (NYSE:LMT) Price Target to $453.00

Lockheed Martin (NYSE:LMT - Free Report) had its price target decreased by UBS Group from $498.00 to $453.00 in a research note released on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the aerospace company's stock.

Other research analysts have also issued reports about the stock. Cowen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. Truist Financial downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $554.00 to $440.00 in a report on Wednesday. Wells Fargo & Company dropped 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. Susquehanna lowered their price target on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a report on Wednesday. Finally, TD Cowen restated a "hold" rating and issued a $480.00 price target (down previously from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Fourteen research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $506.65.

Lockheed Martin Price Performance

NYSE:LMT traded up $2.19 during mid-day trading on Wednesday, hitting $422.74. 361,064 shares of the stock traded hands, compared to its average volume of 1,654,601. The business's 50-day moving average price is $466.72 and its 200 day moving average price is $463.00. The company has a market cap of $99.05 billion, a PE ratio of 23.79, a price-to-earnings-growth ratio of 1.83 and a beta of 0.28. Lockheed Martin has a 12-month low of $410.11 and a 12-month high of $618.95. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 3.47.

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

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio is presently 74.32%.

Institutional Trading of Lockheed Martin

Several large investors have recently bought and sold shares of LMT. TruNorth Capital Management LLC acquired a new stake in Lockheed Martin during the first quarter worth about $31,000. Mizuho Securities Co. Ltd. bought a new position in Lockheed Martin during the 4th quarter worth approximately $34,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin during the 4th quarter worth approximately $35,000. Redwood Park Advisors LLC bought a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $40,000. Finally, Banque Transatlantique SA bought a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 74.19% of the company's stock.

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.