Lockheed Martin (NYSE:LMT) Rating Increased to Overweight at Morgan Stanley

Lockheed Martin (NYSE:LMT) was upgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued on Wednesday, Marketbeat.com reports. The firm presently has a $575.00 price objective on the aerospace company’s stock. Morgan Stanley’s price objective points to a potential upside of 22.43% from the company’s current price.

LMT has been the topic of a number of other research reports. Melius Research downgraded Lockheed Martin from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Royal Bank of Canada cut shares of Lockheed Martin from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $550.00 to $480.00 in a report on Thursday, March 27th. Susquehanna cut their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research report on Wednesday, January 29th. Citigroup cut their price target on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. decreased their price objective on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $539.93.

Lockheed Martin Stock Down 1.2 %

LMT stock opened at $469.64 on Wednesday. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. Lockheed Martin has a 1-year low of $418.88 and a 1-year high of $618.95. The stock has a market capitalization of $110.17 billion, a P/E ratio of 21.10, a P/E/G ratio of 2.07 and a beta of 0.39. The business has a fifty day moving average price of $450.97 and a 200-day moving average price of $499.22.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Equities analysts forecast that Lockheed Martin will post 27.15 earnings per share for the current fiscal year.

Insider Transactions at Lockheed Martin

In related news, VP Harry Edward Paul III sold 707 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total transaction of $312,925.27. Following the completion of the transaction, the vice president now owns 2,278 shares in the company, valued at $1,008,265.58. This represents a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the sale, the insider now owns 2,000 shares of the company’s stock, valued at $884,840. The trade was a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,133 shares of company stock valued at $3,155,916. Corporate insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LMT. Millstone Evans Group LLC acquired a new stake in Lockheed Martin during the fourth quarter worth $32,000. Mizuho Securities Co. Ltd. acquired a new position in Lockheed Martin in the fourth quarter valued at about $34,000. Heck Capital Advisors LLC purchased a new position in Lockheed Martin during the fourth quarter worth about $35,000. Redwood Park Advisors LLC purchased a new stake in shares of Lockheed Martin in the 4th quarter valued at approximately $40,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in shares of Lockheed Martin during the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.