Lockheed Martin (NYSE:LMT) Raised to Strong-Buy at StockNews.com

Lockheed Martin (NYSE:LMT) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Tuesday.

LMT has been the subject of several other reports. Deutsche Bank Aktiengesellschaft upped their price target on Lockheed Martin from $600.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Robert W. Baird increased their target price on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Barclays boosted their price target on shares of Lockheed Martin from $505.00 to $565.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Melius raised Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price objective on the stock in a research note on Tuesday, September 3rd. Finally, Bank of America reissued a “buy” rating and issued a $635.00 target price on shares of Lockheed Martin in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and a consensus target price of $612.29.

Lockheed Martin Trading Down 1.6 %

Shares of NYSE LMT opened at $482.94 on Tuesday. Lockheed Martin has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. The firm has a market capitalization of $114.47 billion, a P/E ratio of 17.49, a P/E/G ratio of 4.13 and a beta of 0.46. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The company’s 50 day simple moving average is $545.71 and its 200 day simple moving average is $533.01.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The company had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter in the prior year, the business posted $6.77 EPS. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. On average, analysts predict that Lockheed Martin will post 26.88 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. acquired a new position in shares of Lockheed Martin during the 3rd quarter worth about $26,000. Burkett Financial Services LLC bought a new stake in Lockheed Martin during the third quarter worth about $32,000. Mattson Financial Services LLC acquired a new position in Lockheed Martin during the second quarter valued at approximately $27,000. Sachetta LLC grew its stake in Lockheed Martin by 50.0% in the second quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 20 shares in the last quarter. Finally, Stephens Consulting LLC increased its position in shares of Lockheed Martin by 48.9% during the 2nd quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 22 shares during the last quarter. Institutional investors own 74.19% 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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.