Lockheed Martin (NYSE:LMT) Price Target Raised to $525.00

Lockheed Martin (NYSE:LMT) had its price target raised by research analysts at Citigroup from $508.00 to $525.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the aerospace company’s stock. Citigroup’s target price would indicate a potential upside of 12.86% from the company’s current price.

LMT has been the subject of a number of other research reports. Morgan Stanley decreased their target price on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Royal Bank of Canada decreased their target price on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a report on Wednesday, January 24th. The Goldman Sachs Group decreased their price target on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a report on Tuesday. Susquehanna decreased their price target on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $475.00 to $518.00 in a report on Monday, April 15th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $485.40.

Lockheed Martin Trading Up 1.3 %

Shares of NYSE:LMT opened at $465.19 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. Lockheed Martin has a 52-week low of $393.77 and a 52-week high of $479.50. The stock has a market cap of $111.87 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 4.21 and a beta of 0.48. The business has a 50-day moving average price of $443.00 and a 200-day moving average price of $444.29.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping 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 firm had revenue of $17.20 billion during the quarter, compared to the consensus estimate of $16.04 billion. During the same quarter in the previous year, the company posted $6.43 earnings per share. The company’s revenue was up 13.7% compared to the same quarter last year. Equities analysts predict that Lockheed Martin will post 26.04 EPS for the current year.

Insider Buying and Selling

In related news, insider Gregory M. Ulmer sold 6,204 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the completion of the sale, the insider now directly owns 12,604 shares in the company, valued at $5,434,718.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Gregory M. Ulmer sold 6,204 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the completion of the sale, the insider now directly owns 12,604 shares in the company, valued at $5,434,718.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,874 shares of company stock worth $7,249,946. 0.17% of the stock is owned by corporate insiders.

Institutional Trading of Lockheed Martin

Several large investors have recently added to or reduced their stakes in LMT. First Pacific Financial purchased a new stake in Lockheed Martin in the 1st quarter valued at $25,000. Bank Julius Baer & Co. Ltd Zurich grew its holdings in Lockheed Martin by 73.0% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after buying an additional 27 shares in the last quarter. Altshuler Shaham Ltd purchased a new stake in Lockheed Martin in the 4th quarter valued at $26,000. Activest Wealth Management grew its holdings in Lockheed Martin by 1,200.0% in the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after buying an additional 60 shares in the last quarter. Finally, Milestone Investment Advisors LLC purchased a new stake in Lockheed Martin in the 3rd quarter valued at $33,000. 74.19% of the stock is currently owned by hedge funds and other 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.