Lockheed Martin (NYSE:LMT) Raised to “Buy” at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Lockheed Martin (NYSE:LMT) from a hold rating to a buy rating in a research note released on Friday, MarketBeat Ratings reports. The firm currently has $600.00 target price on the aerospace company’s stock, up from their previous target price of $540.00.

LMT has been the topic of a number of other reports. UBS Group upped their target price on Lockheed Martin from $511.00 to $538.00 and gave the company a neutral rating in a research report on Wednesday, July 24th. TD Cowen raised Lockheed Martin from a hold rating to a buy rating and upped their price target for the company from $480.00 to $560.00 in a research report on Wednesday, July 24th. StockNews.com raised Lockheed Martin from a buy rating to a strong-buy rating in a research report on Thursday, April 25th. Susquehanna upped their price target on Lockheed Martin from $540.00 to $565.00 and gave the company a positive rating in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. upped their price target on Lockheed Martin from $518.00 to $560.00 and gave the company an overweight rating in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $518.91.

Lockheed Martin Stock Up 0.5 %

NYSE LMT opened at $527.64 on Friday. The stock has a market cap of $125.77 billion, a PE ratio of 19.31, a P/E/G ratio of 4.71 and a beta of 0.46. Lockheed Martin has a fifty-two week low of $393.77 and a fifty-two week high of $529.46. The business has a 50 day moving average price of $470.80 and a two-hundred day moving average price of $454.41. The company has a quick ratio of 1.07, a current ratio of 1.24 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.45 by $0.66. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The company had revenue of $18.12 billion for the quarter, compared to analyst estimates of $17.05 billion. During the same period in the prior year, the company posted $6.73 EPS. Lockheed Martin’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts predict that Lockheed Martin will post 26.26 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be paid a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Tuesday, September 3rd. Lockheed Martin’s payout ratio is 46.10%.

Insider Buying and Selling at Lockheed Martin

In other news, insider Timothy S. Cahill sold 3,975 shares of the firm’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the transaction, the insider now directly owns 8,877 shares of the company’s stock, valued at $4,574,850.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.17% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Warther Private Wealth LLC increased its holdings in shares of Lockheed Martin by 86.1% during the fourth quarter. Warther Private Wealth LLC now owns 16,369 shares of the aerospace company’s stock valued at $7,419,000 after purchasing an additional 7,575 shares during the period. Morningstar Investment Services LLC grew its holdings in Lockheed Martin by 99.6% during the fourth quarter. Morningstar Investment Services LLC now owns 147,811 shares of the aerospace company’s stock worth $66,697,000 after acquiring an additional 73,774 shares during the period. AdvisorNet Financial Inc grew its holdings in Lockheed Martin by 0.4% during the fourth quarter. AdvisorNet Financial Inc now owns 7,741 shares of the aerospace company’s stock worth $3,509,000 after acquiring an additional 29 shares during the period. Cercano Management LLC acquired a new position in Lockheed Martin during the fourth quarter worth about $29,454,000. Finally, Brevan Howard Capital Management LP grew its holdings in Lockheed Martin by 414.2% during the fourth quarter. Brevan Howard Capital Management LP now owns 7,121 shares of the aerospace company’s stock worth $3,228,000 after acquiring an additional 5,736 shares during the period. 74.19% 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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.