Lockheed Martin Co. (NYSE:LMT) Receives $544.20 Consensus Price Target from Analysts

Shares of Lockheed Martin Co. (NYSE:LMT) have been given a consensus rating of “Hold” by the fifteen research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $539.53.

Several brokerages have issued reports on LMT. Barclays decreased their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Royal Bank of Canada lowered Lockheed Martin from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $550.00 to $480.00 in a research report on Thursday, March 27th. Citigroup reduced 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. Susquehanna lowered their price objective on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research report on Wednesday, January 29th. Finally, Melius Research cut Lockheed Martin from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th.

Insider Transactions at Lockheed Martin

In related news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the sale, the insider now owns 2,000 shares of the company’s stock, valued at approximately $884,840. This represents a 61.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the transaction, the vice president now directly owns 2,278 shares of the company’s stock, valued at $1,008,265.58. The trade was a 23.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,133 shares of company stock worth $3,155,916 over the last quarter. Corporate insiders own 0.17% of the company’s stock.

Hedge Funds Weigh In On Lockheed Martin

Large investors have recently modified their holdings of the company. M1 Capital Management LLC bought a new position in Lockheed Martin in the 4th quarter valued at $235,000. DSG Capital Advisors LLC bought a new stake in Lockheed Martin during the fourth quarter valued at $235,000. Chancellor Financial Group WB LP bought a new stake in Lockheed Martin during the fourth quarter valued at $209,000. 111 Capital purchased a new position in Lockheed Martin during the fourth quarter worth about $1,155,000. Finally, Thoma Capital Management LLC bought a new position in Lockheed Martin in the 4th quarter worth about $524,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Up 1.2 %

Shares of LMT opened at $446.81 on Tuesday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. Lockheed Martin has a 52 week low of $419.70 and a 52 week high of $618.95. The stock has a market capitalization of $105.17 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 2.07 and a beta of 0.43. The stock has a fifty day moving average of $455.61 and a 200-day moving average of $509.05.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, sell-side analysts anticipate that Lockheed Martin will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were given a dividend of $3.30 per share. The ex-dividend date was Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.95%. Lockheed Martin’s dividend payout ratio is presently 59.30%.

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.