Lockheed Martin Co. (NYSE:LMT) has been given a consensus rating of “Buy” by the twenty-one analysts that are currently covering the firm, MarketBeat reports. Nine equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $374.34.

Several equities analysts have commented on LMT shares. Zacks Investment Research upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $369.00 price target on the stock in a research note on Friday, April 27th. Cowen reiterated a “hold” rating and issued a $370.00 price target on shares of Lockheed Martin in a research note on Tuesday, April 24th. Credit Suisse Group dropped their price target on shares of Lockheed Martin from $380.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 22nd. Morgan Stanley increased their price target on shares of Lockheed Martin from $352.00 to $377.00 and gave the company an “overweight” rating in a research note on Wednesday, July 25th. Finally, Bank of America increased their price target on shares of Lockheed Martin from $400.00 to $412.00 and gave the company a “buy” rating in a research note on Wednesday, July 25th.

LMT stock opened at $326.61 on Tuesday. The company has a debt-to-equity ratio of 28.14, a quick ratio of 0.97 and a current ratio of 1.19. Lockheed Martin has a fifty-two week low of $291.52 and a fifty-two week high of $363.00. The company has a market cap of $89.17 billion, a P/E ratio of 24.50, a PEG ratio of 2.48 and a beta of 0.71.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, July 24th. The aerospace company reported $4.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.92 by $0.39. The company had revenue of $13.40 billion for the quarter, compared to analyst estimates of $12.72 billion. Lockheed Martin had a net margin of 5.00% and a return on equity of 944.31%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.23 earnings per share. analysts anticipate that Lockheed Martin will post 17.22 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Tuesday, September 4th will be issued a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Friday, August 31st. Lockheed Martin’s payout ratio is currently 60.02%.

In other news, SVP Maryanne Lavan sold 7,250 shares of the stock in a transaction that occurred on Wednesday, July 25th. The stock was sold at an average price of $323.64, for a total value of $2,346,390.00. Following the completion of the sale, the senior vice president now directly owns 9,869 shares of the company’s stock, valued at $3,194,003.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Marillyn A. Hewson sold 25,000 shares of the stock in a transaction that occurred on Friday, July 27th. The shares were sold at an average price of $323.68, for a total value of $8,092,000.00. Following the completion of the sale, the chairman now directly owns 90,625 shares of the company’s stock, valued at $29,333,500. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Schroder Investment Management Group boosted its holdings in shares of Lockheed Martin by 1.4% in the second quarter. Schroder Investment Management Group now owns 115,131 shares of the aerospace company’s stock valued at $33,991,000 after acquiring an additional 1,564 shares during the period. Global X Management Co LLC boosted its holdings in shares of Lockheed Martin by 17.7% in the second quarter. Global X Management Co LLC now owns 1,492 shares of the aerospace company’s stock valued at $441,000 after acquiring an additional 224 shares during the period. WealthPLAN Partners LLC boosted its holdings in shares of Lockheed Martin by 19.8% in the second quarter. WealthPLAN Partners LLC now owns 2,042 shares of the aerospace company’s stock valued at $603,000 after acquiring an additional 337 shares during the period. MAI Capital Management boosted its holdings in shares of Lockheed Martin by 73.7% in the second quarter. MAI Capital Management now owns 2,770 shares of the aerospace company’s stock valued at $818,000 after acquiring an additional 1,175 shares during the period. Finally, Fairfield Bush & CO. boosted its holdings in shares of Lockheed Martin by 7.4% in the second quarter. Fairfield Bush & CO. now owns 4,650 shares of the aerospace company’s stock valued at $1,374,000 after acquiring an additional 320 shares during the period. 78.33% of the stock is owned by institutional investors and hedge funds.

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 (MFC), Rotary and Mission Systems (RMS), and Space.

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Analyst Recommendations for Lockheed Martin (NYSE:LMT)

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