Lockheed Martin Co. (NYSE:LMT) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Lockheed Martin Co. (NYSE:LMT) have earned an average rating of “Hold” from the fifteen research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $484.07.

Several brokerages have recently commented on LMT. Citigroup decreased their price target on Lockheed Martin from $555.00 to $540.00 and set a “buy” rating on the stock in a research note on Wednesday, October 18th. JPMorgan Chase & Co. decreased their price target on Lockheed Martin from $495.00 to $481.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 18th. Jefferies Financial Group decreased their target price on Lockheed Martin from $505.00 to $455.00 and set a “hold” rating on the stock in a research note on Wednesday, October 4th. Deutsche Bank Aktiengesellschaft began coverage on Lockheed Martin in a research note on Wednesday, September 27th. They set a “hold” rating and a $435.00 target price on the stock. Finally, StockNews.com began coverage on Lockheed Martin in a research note on Thursday, October 5th. They set a “buy” rating on the stock.

Institutional Investors Weigh In On Lockheed Martin

Several large investors have recently bought and sold shares of LMT. Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of 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 acquiring an additional 27 shares during the last quarter. Edmond DE Rothschild Holding S.A. increased its holdings in shares of Lockheed Martin by 100.0% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 60 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 30 shares during the last quarter. CGC Financial Services LLC purchased a new position in shares of Lockheed Martin in the 2nd quarter valued at about $31,000. Coppell Advisory Solutions Corp. purchased a new position in shares of Lockheed Martin in the 4th quarter valued at about $31,000. Finally, Milestone Investment Advisors LLC purchased a new position in shares of Lockheed Martin in the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 74.26% of the company’s stock.

Lockheed Martin Stock Performance

NYSE LMT opened at $444.73 on Friday. Lockheed Martin has a fifty-two week low of $393.77 and a fifty-two week high of $508.10. The stock’s fifty day moving average is $432.68 and its two-hundred day moving average is $446.00. The firm has a market capitalization of $110.34 billion, a P/E ratio of 16.25, a price-to-earnings-growth ratio of 1.90 and a beta of 0.60. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.16 and a current ratio of 1.36.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, October 17th. The aerospace company reported $6.77 EPS for the quarter, beating the consensus estimate of $6.67 by $0.10. Lockheed Martin had a return on equity of 75.46% and a net margin of 10.29%. The business had revenue of $16.88 billion for the quarter, compared to analyst estimates of $16.73 billion. During the same quarter in the prior year, the company posted $6.87 EPS. The company’s quarterly revenue was up 1.8% on a year-over-year basis. On average, research analysts anticipate that Lockheed Martin will post 27.19 earnings per share for the current year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 1st will be issued a dividend of $3.15 per share. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.00. The ex-dividend date is Thursday, November 30th. This represents a $12.60 annualized dividend and a yield of 2.83%. Lockheed Martin’s dividend payout ratio is 46.04%.

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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.