Lockheed Martin (NYSE:LMT) PT Raised to $487.00

Lockheed Martin (NYSE:LMT) had its price target increased by analysts at Deutsche Bank Aktiengesellschaft from $467.00 to $487.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “hold” rating on the aerospace company’s stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 5.58% from the company’s current price.

A number of other equities analysts have also recently issued reports on LMT. Royal Bank of Canada cut their target price on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 24th. Citigroup raised their target price on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday. The Goldman Sachs Group cut their target price on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a report on Tuesday. Morgan Stanley cut their target price on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. Finally, Susquehanna cut their price target on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $485.40.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $461.28 on Thursday. The firm has a market cap of $110.68 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 4.20 and a beta of 0.48. The firm’s 50-day simple moving average is $443.74 and its 200-day simple moving average is $444.46. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.03 and a current ratio of 1.30. Lockheed Martin has a 1 year low of $393.77 and a 1 year high of $479.50.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. The business had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $6.43 EPS. Equities analysts forecast that Lockheed Martin will post 26.04 earnings per share for the current fiscal year.

Insider Activity at Lockheed Martin

In related news, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Gregory M. Ulmer sold 6,204 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the transaction, the insider now owns 12,604 shares in the company, valued at $5,434,718.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The disclosure for this sale can be found here. Insiders have sold 16,874 shares of company stock worth $7,249,946 over the last quarter. 0.17% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. First Pacific Financial acquired a new position in Lockheed Martin in the 1st quarter worth approximately $25,000. Bank Julius Baer & Co. Ltd Zurich raised its holdings in 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 worth $26,000 after acquiring an additional 27 shares during the period. Altshuler Shaham Ltd bought a new position in shares of Lockheed Martin during the 4th quarter worth about $26,000. Activest Wealth Management increased its stake in Lockheed Martin by 1,200.0% in the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 60 shares during the period. Finally, Milestone Investment Advisors LLC bought a new stake in Lockheed Martin in the third quarter valued at about $33,000. Institutional investors and hedge funds 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.