Lockheed Martin Co. (NYSE:LMT) Receives $494.79 Consensus Target Price from Analysts

Lockheed Martin Co. (NYSE:LMT – Get Rating) has been assigned an average rating of “Hold” from the sixteen research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $494.79.

A number of equities research analysts recently weighed in on LMT shares. Wells Fargo & Company lowered their target price on shares of Lockheed Martin from $422.00 to $419.00 and set an “underweight” rating on the stock in a report on Wednesday, April 19th. Sanford C. Bernstein upped their target price on shares of Lockheed Martin from $478.00 to $496.00 and gave the stock a “market perform” rating in a report on Thursday, April 20th. Citigroup upped their target price on shares of Lockheed Martin from $546.00 to $579.00 and gave the stock a “buy” rating in a report on Wednesday, April 19th. Credit Suisse Group upped their target price on shares of Lockheed Martin from $510.00 to $550.00 and gave the stock an “outperform” rating in a report on Wednesday, April 19th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Lockheed Martin from $480.00 to $500.00 and gave the company a “neutral” rating in a research note on Wednesday, April 19th.

Insider Activity

In related news, Director John Donovan bought 506 shares of Lockheed Martin stock in a transaction dated Wednesday, April 19th. The stock was purchased at an average cost of $495.17 per share, with a total value of $250,556.02. Following the transaction, the director now directly owns 2,830 shares of the company’s stock, valued at $1,401,331.10. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Lockheed Martin news, Director John Donovan acquired 506 shares of the business’s stock in a transaction that occurred on Wednesday, April 19th. The stock was bought at an average cost of $495.17 per share, with a total value of $250,556.02. Following the acquisition, the director now owns 2,830 shares in the company, valued at $1,401,331.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy S. Cahill sold 2,534 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $479.44, for a total transaction of $1,214,900.96. Following the completion of the transaction, the executive vice president now directly owns 10,460 shares of the company’s stock, valued at $5,014,942.40. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LMT. State Street Corp boosted its holdings in Lockheed Martin by 0.5% in the 1st quarter. State Street Corp now owns 37,972,543 shares of the aerospace company’s stock valued at $17,950,761,000 after purchasing an additional 176,739 shares during the period. Vanguard Group Inc. boosted its holdings in Lockheed Martin by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 22,885,865 shares of the aerospace company’s stock valued at $8,840,580,000 after purchasing an additional 289,110 shares during the period. FMR LLC boosted its holdings in Lockheed Martin by 3.4% in the 1st quarter. FMR LLC now owns 7,497,698 shares of the aerospace company’s stock valued at $3,544,387,000 after purchasing an additional 244,251 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Lockheed Martin by 7.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,849,054 shares of the aerospace company’s stock valued at $2,821,626,000 after purchasing an additional 382,510 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Lockheed Martin by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 4,387,684 shares of the aerospace company’s stock valued at $2,132,545,000 after purchasing an additional 11,855 shares during the period. 75.18% of the stock is owned by institutional investors.

Lockheed Martin Price Performance

LMT stock opened at $454.72 on Friday. The stock has a market capitalization of $115.16 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 2.76 and a beta of 0.67. The company’s 50-day moving average is $471.83 and its 200-day moving average is $473.44. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.30 and a quick ratio of 1.10. Lockheed Martin has a 1 year low of $373.67 and a 1 year high of $508.10.

Lockheed Martin (NYSE:LMT – Get Rating) last released its quarterly earnings data on Tuesday, April 18th. The aerospace company reported $6.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.08 by $0.35. Lockheed Martin had a net margin of 8.60% and a return on equity of 67.75%. The company had revenue of $15.13 billion for the quarter, compared to analysts’ expectations of $15.01 billion. During the same quarter in the prior year, the firm earned $6.44 EPS. The business’s revenue was up 1.1% on a year-over-year basis. Equities research analysts expect that Lockheed Martin will post 26.76 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Thursday, June 1st will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Wednesday, May 31st. Lockheed Martin’s dividend payout ratio is currently 54.84%.

Lockheed Martin Company Profile

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Lockheed Martin Corp. is a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.