Lockheed Martin Co. (NYSE:LMT) Receives $544.20 Consensus Price Target from Brokerages

Lockheed Martin Co. (NYSE:LMT) has been assigned a consensus rating of “Hold” from the fifteen research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $539.53.

LMT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Susquehanna dropped their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research report on Wednesday, January 29th. Citigroup reduced their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price objective for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. Finally, Melius Research downgraded Lockheed Martin from a “strong-buy” rating to a “hold” rating in a report on Monday.

Lockheed Martin Stock Performance

NYSE:LMT opened at $442.27 on Tuesday. The firm has a 50-day moving average of $457.47 and a two-hundred day moving average of $511.67. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The stock has a market cap of $104.10 billion, a P/E ratio of 19.87, a PEG ratio of 2.07 and a beta of 0.43. Lockheed Martin has a 1-year low of $419.70 and a 1-year high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, research analysts expect that Lockheed Martin will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be given a dividend of $3.30 per share. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.98%. Lockheed Martin’s dividend payout ratio is presently 59.30%.

Insider Buying and Selling

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total transaction of $312,925.27. Following the completion of the transaction, the vice president now directly owns 2,278 shares of the company’s stock, valued at approximately $1,008,265.58. This trade represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total value of $1,421,495.46. Following the transaction, the insider now directly owns 2,000 shares of the company’s stock, valued at $884,840. This represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,133 shares of company stock valued at $3,155,916 in the last three months. 0.17% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lockheed Martin

Several hedge funds and other institutional investors have recently bought and sold shares of LMT. Itau Unibanco Holding S.A. bought a new stake in shares of Lockheed Martin in the 3rd quarter worth approximately $26,000. Millstone Evans Group LLC bought a new position in shares of Lockheed Martin in the fourth quarter valued at $32,000. Mizuho Securities Co. Ltd. bought a new position in shares of Lockheed Martin in the fourth quarter valued at $34,000. Heck Capital Advisors LLC acquired a new stake in shares of Lockheed Martin during the 4th quarter valued at $35,000. Finally, Redwood Park Advisors LLC bought a new stake in shares of Lockheed Martin during the 4th quarter worth $40,000. 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.