Lockheed Martin (NYSE:LMT) PT Raised to $487.00

Lockheed Martin (NYSE:LMT) had its price target lifted by Deutsche Bank Aktiengesellschaft from $467.00 to $487.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “hold” rating on the aerospace company’s stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 6.07% from the company’s current price.

LMT has been the topic of several other research reports. JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $475.00 to $518.00 in a research report on Monday, April 15th. Morgan Stanley cut their target price on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Citigroup raised their target price on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research report on Wednesday. Susquehanna cut their target price on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. Finally, The Goldman Sachs Group cut their target price on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Lockheed Martin has an average rating of “Hold” and a consensus target price of $481.40.

Lockheed Martin Stock Down 0.2 %

Shares of NYSE:LMT opened at $459.13 on Thursday. The business has a 50-day moving average price of $442.16 and a 200 day moving average price of $444.14. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 2.89. Lockheed Martin has a 12-month low of $393.77 and a 12-month high of $480.92. The company has a market capitalization of $110.42 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 4.21 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The company had revenue of $17.20 billion during the quarter, compared to analysts’ expectations of $16.04 billion. During the same period last year, the business posted $6.43 EPS. Lockheed Martin’s revenue for the quarter was up 13.7% on a year-over-year basis. Sell-side analysts expect that Lockheed Martin will post 26.04 EPS for the current year.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock worth $7,249,946 over the last three months. 0.17% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lockheed Martin

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

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.