Lockheed Martin (NYSE:LMT) Trading Up 0.6% – What’s Next?

Lockheed Martin Co. (NYSE:LMT)’s stock price shot up 0.6% during mid-day trading on Tuesday . The company traded as high as $473.42 and last traded at $468.59. 371,734 shares changed hands during trading, a decline of 60% from the average session volume of 928,180 shares. The stock had previously closed at $466.00.

Analyst Upgrades and Downgrades

LMT has been the subject of several recent analyst reports. StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Deutsche Bank Aktiengesellschaft cut 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 research report on Thursday, January 2nd. TD Cowen raised their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Citigroup boosted their price objective on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Susquehanna cut their target price on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Moderate Buy” and a consensus target price of $591.21.

Lockheed Martin Stock Up 1.0 %

The company has a market capitalization of $111.08 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. The company’s fifty day moving average is $514.50 and its 200-day moving average is $534.89. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. The business had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. Lockheed Martin’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.77 EPS. As a group, analysts predict that Lockheed Martin Co. will post 26.88 EPS for the current fiscal year.

Institutional Investors Weigh In On Lockheed Martin

Several large investors have recently made changes to their positions in LMT. Lantz Financial LLC lifted its holdings in shares of Lockheed Martin by 2.6% in the 2nd quarter. Lantz Financial LLC now owns 4,882 shares of the aerospace company’s stock valued at $2,281,000 after acquiring an additional 123 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in Lockheed Martin by 6.7% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 1,603 shares of the aerospace company’s stock worth $749,000 after buying an additional 101 shares during the last quarter. Royal London Asset Management Ltd. boosted its stake in Lockheed Martin by 0.5% during the second quarter. Royal London Asset Management Ltd. now owns 86,122 shares of the aerospace company’s stock worth $40,228,000 after buying an additional 440 shares during the period. Sachetta LLC increased its position in Lockheed Martin by 50.0% during the second quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 20 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of Lockheed Martin by 7.8% in the second quarter. Daiwa Securities Group Inc. now owns 23,527 shares of the aerospace company’s stock valued at $10,989,000 after acquiring an additional 1,708 shares during the period. 74.19% of the stock is owned by institutional investors.

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.