Analysts Set Lockheed Martin Co. (NYSE:LMT) PT at $612.29

Shares of Lockheed Martin Co. (NYSE:LMT - Get Free Report) have earned an average recommendation of "Moderate Buy" from the fourteen analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $612.29.

A number of research analysts have weighed in on LMT shares. TD Cowen increased their target price on Lockheed Martin from $560.00 to $610.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Citigroup increased their price objective on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Bank of America restated a "buy" rating and set a $635.00 target price on shares of Lockheed Martin in a research report on Friday, August 30th. Barclays upped their target price 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. Finally, JPMorgan Chase & Co. lifted their price target on shares of Lockheed Martin from $560.00 to $630.00 and gave the stock an "overweight" rating in a research note on Monday, October 14th.

Lockheed Martin Stock Performance

Shares of LMT stock traded down $1.93 during trading hours on Friday, reaching $494.65. The company had a trading volume of 990,249 shares, compared to its average volume of 1,083,834. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. The business has a fifty day moving average price of $552.79 and a 200-day moving average price of $533.00. Lockheed Martin has a one year low of $413.92 and a one year high of $618.95. The firm has a market cap of $117.25 billion, a PE ratio of 17.91, a price-to-earnings-growth ratio of 4.13 and a beta of 0.46.

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

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be paid a $3.30 dividend. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.15. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.67%. Lockheed Martin's dividend payout ratio is 47.79%.

Institutional Trading of Lockheed Martin

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Garden State Investment Advisory Services LLC purchased a new stake in Lockheed Martin in the 3rd quarter worth $211,000. FFG Partners LLC increased its holdings in shares of Lockheed Martin by 5.0% in the third quarter. FFG Partners LLC now owns 18,708 shares of the aerospace company's stock worth $10,936,000 after purchasing an additional 886 shares during the last quarter. Beaird Harris Wealth Management LLC increased its holdings in shares of Lockheed Martin by 196.0% in the third quarter. Beaird Harris Wealth Management LLC now owns 148 shares of the aerospace company's stock worth $87,000 after purchasing an additional 98 shares during the last quarter. American Trust lifted its position in shares of Lockheed Martin by 20.0% in the third quarter. American Trust now owns 1,553 shares of the aerospace company's stock worth $908,000 after buying an additional 259 shares in the last quarter. Finally, Old North State Trust LLC boosted its stake in Lockheed Martin by 4.3% during the third quarter. Old North State Trust LLC now owns 745 shares of the aerospace company's stock valued at $435,000 after buying an additional 31 shares during the last quarter. Institutional investors own 74.19% of the company's stock.

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.