Lockheed Martin (NYSE:LMT) had its price target raised by Morgan Stanley from $356.00 to $376.00 in a research report released on Wednesday, BenzingaRatingsTable reports. They currently have an equal weight rating on the aerospace company’s stock.

Other analysts have also issued research reports about the company. Zacks Investment Research raised Lockheed Martin from a hold rating to a buy rating and set a $373.00 target price for the company in a research note on Thursday, April 25th. Barclays upped their target price on Lockheed Martin from $340.00 to $370.00 and gave the stock an equal weight rating in a research note on Thursday, May 16th. JPMorgan Chase & Co. upped their target price on Lockheed Martin from $360.00 to $395.00 and gave the stock a neutral rating in a research note on Wednesday, July 24th. Cowen reaffirmed a buy rating and issued a $360.00 target price on shares of Lockheed Martin in a research note on Wednesday, April 24th. Finally, Bank of America reaffirmed a buy rating and issued a $400.00 target price (up previously from $390.00) on shares of Lockheed Martin in a research note on Wednesday, April 24th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $367.86.

Shares of NYSE LMT traded up $1.26 during midday trading on Wednesday, hitting $370.20. 21,361 shares of the company’s stock were exchanged, compared to its average volume of 1,221,291. Lockheed Martin has a 12-month low of $241.18 and a 12-month high of $381.51. The company has a current ratio of 1.20, a quick ratio of 0.96 and a debt-to-equity ratio of 4.36. The stock has a market capitalization of $106.46 billion, a P/E ratio of 20.78, a price-to-earnings-growth ratio of 2.50 and a beta of 0.97. The firm has a fifty day moving average price of $366.41.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $5.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.74 by $0.26. Lockheed Martin had a return on equity of 297.37% and a net margin of 10.18%. The company had revenue of $14.42 billion during the quarter, compared to analyst estimates of $14.17 billion. During the same quarter in the previous year, the firm earned $4.31 earnings per share. Lockheed Martin’s revenue was up 7.7% on a year-over-year basis. On average, equities research analysts forecast that Lockheed Martin will post 21.22 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be issued a dividend of $2.20 per share. The ex-dividend date is Friday, August 30th. This represents a $8.80 dividend on an annualized basis and a dividend yield of 2.38%. Lockheed Martin’s dividend payout ratio is presently 49.30%.

In other news, Director James D. Taiclet, Jr. acquired 1,354 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was acquired at an average price of $376.32 per share, for a total transaction of $509,537.28. Following the completion of the acquisition, the director now owns 1,354 shares in the company, valued at $509,537.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kenneth R. Possenriede sold 2,000 shares of the stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $363.85, for a total value of $727,700.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,503 shares of company stock valued at $8,292,527. 0.35% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Lucia Wealth Services LLC raised its holdings in Lockheed Martin by 78.5% in the second quarter. Lucia Wealth Services LLC now owns 191 shares of the aerospace company’s stock worth $69,000 after purchasing an additional 84 shares in the last quarter. Cypress Capital Management LLC lifted its position in shares of Lockheed Martin by 9.4% during the 1st quarter. Cypress Capital Management LLC now owns 1,754 shares of the aerospace company’s stock valued at $526,000 after buying an additional 150 shares in the last quarter. Carroll Financial Associates Inc. lifted its position in shares of Lockheed Martin by 44.6% during the 2nd quarter. Carroll Financial Associates Inc. now owns 1,252 shares of the aerospace company’s stock valued at $455,000 after buying an additional 386 shares in the last quarter. United Asset Strategies Inc. lifted its position in shares of Lockheed Martin by 1.3% during the 1st quarter. United Asset Strategies Inc. now owns 4,943 shares of the aerospace company’s stock valued at $1,484,000 after buying an additional 62 shares in the last quarter. Finally, Independent Advisor Alliance lifted its position in shares of Lockheed Martin by 1.5% during the 1st quarter. Independent Advisor Alliance now owns 20,415 shares of the aerospace company’s stock valued at $6,128,000 after buying an additional 303 shares in the last quarter. Institutional investors and hedge funds own 78.55% 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. 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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