Lockheed Martin Co. (NYSE:LMT) has been assigned a consensus rating of “Buy” from the nineteen ratings firms that are currently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $355.13.
Several equities research analysts have weighed in on the company. Barclays upped their target price on Lockheed Martin from $340.00 to $370.00 and gave the stock an “equal weight” rating in a report on Thursday. Bank of America reiterated a “buy” rating and issued a $400.00 target price (up from $390.00) on shares of Lockheed Martin in a report on Wednesday, April 24th. ValuEngine upgraded Lockheed Martin from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. UBS Group upped their target price on Lockheed Martin from $365.00 to $385.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, Cowen reiterated a “buy” rating and issued a $360.00 target price on shares of Lockheed Martin in a report on Wednesday, April 24th.
In related news, Director Ilene S. Gordon acquired 750 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The stock was purchased at an average cost of $306.04 per share, for a total transaction of $229,530.00. Following the purchase, the director now directly owns 750 shares of the company’s stock, valued at approximately $229,530. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Marillyn A. Hewson sold 59,434 shares of the company’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $306.60, for a total value of $18,222,464.40. Following the sale, the chairman now owns 109,531 shares of the company’s stock, valued at $33,582,204.60. The disclosure for this sale can be found here. Insiders have sold a total of 72,949 shares of company stock valued at $22,403,743 over the last 90 days. 0.35% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of LMT. First Dallas Securities Inc. purchased a new stake in Lockheed Martin in the first quarter valued at about $203,000. B. Riley Wealth Management Inc. raised its stake in Lockheed Martin by 2.5% in the first quarter. B. Riley Wealth Management Inc. now owns 3,601 shares of the aerospace company’s stock valued at $1,081,000 after buying an additional 87 shares during the last quarter. Dixon Hubard Feinour & Brown Inc. VA purchased a new stake in Lockheed Martin in the first quarter valued at about $234,000. Laurel Wealth Advisors Inc. raised its stake in Lockheed Martin by 51.4% in the first quarter. Laurel Wealth Advisors Inc. now owns 3,080 shares of the aerospace company’s stock valued at $925,000 after buying an additional 1,045 shares during the last quarter. Finally, Ameritas Investment Corp purchased a new stake in Lockheed Martin in the first quarter valued at about $966,000. Hedge funds and other institutional investors own 78.10% of the company’s stock.
Lockheed Martin stock traded down $1.40 during mid-day trading on Thursday, hitting $337.99. The company’s stock had a trading volume of 1,268,357 shares, compared to its average volume of 1,235,873. The company has a market capitalization of $95.50 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 2.34 and a beta of 1.04. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 5.00. Lockheed Martin has a one year low of $241.18 and a one year high of $351.35.
Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, April 23rd. The aerospace company reported $5.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.29 by $1.70. Lockheed Martin had a return on equity of 415.92% and a net margin of 9.91%. The business had revenue of $14.34 billion during the quarter, compared to analysts’ expectations of $12.48 billion. During the same period in the prior year, the business earned $4.02 EPS. The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. As a group, research analysts anticipate that Lockheed Martin will post 20.53 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be paid a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Friday, May 31st. Lockheed Martin’s dividend payout ratio (DPR) is currently 49.30%.
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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
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