Lockheed Martin Corporation (NYSE:LMT) Receives Consensus Recommendation of “Hold” from Brokerages

Lockheed Martin Corporation (NYSE:LMT) has earned an average rating of “Hold” from the twenty-two ratings firms that are covering the company, MarketBeat reports. Fifteen research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $503.1250.

Several research analysts have recently commented on the company. Susquehanna boosted their price objective on Lockheed Martin from $490.00 to $590.00 and gave the stock a “positive” rating in a report on Thursday. Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the stock a “market perform” rating in a report on Monday, July 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Lockheed Martin in a report on Wednesday. JPMorgan Chase & Co. cut their price objective on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. Finally, Cowen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th.

Lockheed Martin Stock Down 0.5%

LMT stock opened at $505.11 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The firm has a market capitalization of $117.92 billion, a PE ratio of 28.44, a PEG ratio of 1.79 and a beta of 0.28. Lockheed Martin has a twelve month low of $410.11 and a twelve month high of $618.95. The stock has a 50-day simple moving average of $464.89 and a two-hundred day simple moving average of $462.82.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating analysts’ consensus estimates of $6.57 by $0.72. The business had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, equities analysts predict that Lockheed Martin will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be issued a dividend of $3.45 per share. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. Lockheed Martin’s payout ratio is presently 74.32%.

Institutional Trading of Lockheed Martin

A number of hedge funds have recently bought and sold shares of LMT. Mid American Wealth Advisory Group Inc. bought a new stake in Lockheed Martin in the 2nd quarter worth approximately $28,000. Twin Peaks Wealth Advisors LLC bought a new stake in Lockheed Martin in the 2nd quarter worth approximately $29,000. TruNorth Capital Management LLC bought a new stake in Lockheed Martin in the 1st quarter worth approximately $31,000. Frazier Financial Advisors LLC bought a new stake in Lockheed Martin in the 2nd quarter worth approximately $34,000. Finally, MTM Investment Management LLC bought a new stake in Lockheed Martin in the 2nd quarter worth approximately $36,000. Institutional investors own 74.19% of the company’s stock.

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.