Lockheed Martin (NYSE:LMT) PT Raised to $626.00

Lockheed Martin (NYSE:LMT) had its target price increased by investment analysts at Robert W. Baird from $519.00 to $626.00 in a research note issued on Tuesday. Robert W. Baird’s price objective would indicate a potential upside of 9.61% from the stock’s current price.

LMT has been the subject of a number of other reports. Bank of America reiterated a “buy” rating and issued a $635.00 target price on shares of Lockheed Martin in a research report on Friday, August 30th. TD Cowen upgraded shares of Lockheed Martin to a “strong-buy” rating in a report on Tuesday, October 8th. Wells Fargo & Company boosted their target price on Lockheed Martin from $483.00 to $525.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Susquehanna increased their price target on Lockheed Martin from $565.00 to $705.00 and gave the company a “positive” rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada boosted their price objective on Lockheed Martin from $600.00 to $675.00 and gave the stock an “outperform” rating in a research note on Monday, October 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $606.71.

Lockheed Martin Stock Down 1.0 %

LMT stock opened at $571.10 on Tuesday. The stock has a market capitalization of $137.03 billion, a P/E ratio of 20.90, a P/E/G ratio of 4.84 and a beta of 0.47. Lockheed Martin has a 52 week low of $413.92 and a 52 week high of $618.95. The firm has a 50-day simple moving average of $579.95 and a 200-day simple moving average of $513.50. The company has a quick ratio of 1.07, a current ratio of 1.24 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating the consensus estimate of $6.50 by $0.34. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The business had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter last year, the business posted $6.77 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. Equities analysts forecast that Lockheed Martin will post 26.68 earnings per share for the current fiscal year.

Institutional Trading of Lockheed Martin

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BKM Wealth Management LLC purchased a new stake in shares of Lockheed Martin in the 3rd quarter valued at $246,000. Parcion Private Wealth LLC grew its position in Lockheed Martin by 96.6% in the 3rd quarter. Parcion Private Wealth LLC now owns 2,617 shares of the aerospace company’s stock valued at $1,530,000 after acquiring an additional 1,286 shares in the last quarter. CWC Advisors LLC. purchased a new stake in Lockheed Martin during the third quarter worth about $829,000. Burford Brothers Inc. lifted its position in shares of Lockheed Martin by 6.7% during the third quarter. Burford Brothers Inc. now owns 2,873 shares of the aerospace company’s stock worth $1,679,000 after purchasing an additional 180 shares in the last quarter. Finally, Country Club Bank boosted its stake in shares of Lockheed Martin by 11.6% in the third quarter. Country Club Bank now owns 4,342 shares of the aerospace company’s stock valued at $2,529,000 after purchasing an additional 452 shares during the period. Hedge funds and other 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.