Lockheed Martin (NYSE:LMT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Lockheed Martin (NYSE:LMT) from a hold rating to a buy rating in a research note issued to investors on Saturday.

LMT has been the subject of several other reports. UBS Group reduced their target price on shares of Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating for the company in a report on Wednesday, October 22nd. The Goldman Sachs Group increased their target price on shares of Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a report on Friday, October 10th. Truist Financial increased their target price on shares of Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Alembic Global Advisors raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a report on Thursday, August 28th. Finally, Susquehanna increased their target price on shares of Lockheed Martin from $490.00 to $590.00 and gave the stock a “positive” rating in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $513.47.

Lockheed Martin Price Performance

NYSE LMT opened at $486.96 on Friday. Lockheed Martin has a 52 week low of $410.11 and a 52 week high of $576.43. The firm has a market capitalization of $112.68 billion, a P/E ratio of 27.19, a PEG ratio of 1.69 and a beta of 0.28. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. The company has a 50-day moving average price of $478.44 and a 200-day moving average price of $466.74.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, beating the consensus estimate of $6.33 by $0.62. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The firm had revenue of $18.61 billion during the quarter, compared to analyst estimates of $18.45 billion. During the same quarter in the prior year, the firm earned $6.84 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Equities research analysts anticipate that Lockheed Martin will post 27.15 earnings per share for the current year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be paid a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio is currently 73.70%.

Insider Activity at Lockheed Martin

In other news, COO John Frank A. St sold 7,792 shares of the stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the completion of the transaction, the chief operating officer directly owned 1 shares in the company, valued at approximately $491.04. This represents a 99.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Stephens Inc. AR boosted its position in shares of Lockheed Martin by 2.2% during the 3rd quarter. Stephens Inc. AR now owns 38,915 shares of the aerospace company’s stock valued at $19,427,000 after acquiring an additional 855 shares during the last quarter. WealthPlan Investment Management LLC boosted its position in shares of Lockheed Martin by 2.5% during the 3rd quarter. WealthPlan Investment Management LLC now owns 20,774 shares of the aerospace company’s stock valued at $10,370,000 after acquiring an additional 502 shares during the last quarter. Retirement Planning Group LLC boosted its position in shares of Lockheed Martin by 382.4% during the 3rd quarter. Retirement Planning Group LLC now owns 8,539 shares of the aerospace company’s stock valued at $4,263,000 after acquiring an additional 6,769 shares during the last quarter. Exencial Wealth Advisors LLC boosted its position in shares of Lockheed Martin by 10.8% during the 3rd quarter. Exencial Wealth Advisors LLC now owns 748 shares of the aerospace company’s stock valued at $373,000 after acquiring an additional 73 shares during the last quarter. Finally, Capital City Trust Co. FL boosted its position in shares of Lockheed Martin by 3.7% during the 3rd quarter. Capital City Trust Co. FL now owns 6,462 shares of the aerospace company’s stock valued at $3,226,000 after acquiring an additional 231 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

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.