Lockheed Martin (NYSE:LMT) Price Target Cut to $525.00 by Analysts at Morgan Stanley

Lockheed Martin (NYSE:LMT) had its price objective decreased by Morgan Stanley from $555.00 to $525.00 in a research note issued to investors on Wednesday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the aerospace company’s stock.

A number of other analysts have also recently commented on LMT. StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Wells Fargo & Company cut their target price on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. Citigroup lowered their price target on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and reduced their target price for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. Finally, Truist Financial began coverage on Lockheed Martin in a research note on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Lockheed Martin presently has a consensus rating of “Moderate Buy” and an average target price of $555.60.

Lockheed Martin Trading Up 0.6 %

Lockheed Martin stock opened at $462.53 on Wednesday. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 1.12. The firm has a 50-day moving average of $493.89 and a 200-day moving average of $536.43. The company has a market cap of $108.88 billion, a price-to-earnings ratio of 20.78, a P/E/G ratio of 3.78 and a beta of 0.48. Lockheed Martin has a one year low of $413.92 and a one year high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, equities analysts expect that Lockheed Martin will post 27.09 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a dividend of $3.30 per share. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.85%. Lockheed Martin’s payout ratio is presently 59.30%.

Institutional Investors Weigh In On Lockheed Martin

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Itau Unibanco Holding S.A. acquired a new position in Lockheed Martin in the 3rd quarter valued at $26,000. Burkett Financial Services LLC bought a new position in shares of Lockheed Martin in the third quarter worth $32,000. Mattson Financial Services LLC acquired a new position in Lockheed Martin in the second quarter valued at about $27,000. Capital Performance Advisors LLP bought a new stake in Lockheed Martin during the third quarter worth about $40,000. Finally, Heck Capital Advisors LLC acquired a new stake in Lockheed Martin during the fourth quarter worth about $35,000. 74.19% of the stock is currently 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.