Analysts Set Lockheed Martin Co. (NYSE:LMT) PT at $611.00

Shares of Lockheed Martin Co. (NYSE:LMT - Get Free Report) have earned a consensus rating of "Moderate Buy" from the fourteen analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $611.00.

A number of brokerages have recently commented on LMT. Wells Fargo & Company raised their price target on Lockheed Martin from $483.00 to $525.00 and gave the company an "equal weight" rating in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Lockheed Martin from $600.00 to $620.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Susquehanna lowered their price objective on shares of Lockheed Martin from $705.00 to $695.00 and set a "positive" rating on the stock in a research note on Wednesday, October 23rd. Bank of America restated a "buy" rating and issued a $635.00 target price on shares of Lockheed Martin in a research report on Friday, August 30th. Finally, Royal Bank of Canada lowered their price target on Lockheed Martin from $675.00 to $665.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 23rd.

Institutional Trading of Lockheed Martin

Hedge funds have recently modified their holdings of the business. Itau Unibanco Holding S.A. acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at about $26,000. Mattson Financial Services LLC acquired a new position in Lockheed Martin in the 2nd quarter valued at approximately $27,000. Sachetta LLC boosted its stake in shares of Lockheed Martin by 50.0% during the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company's stock valued at $28,000 after buying an additional 20 shares during the period. Wiser Advisor Group LLC grew its holdings in shares of Lockheed Martin by 65.8% during the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company's stock valued at $29,000 after acquiring an additional 25 shares in the last quarter. Finally, Stephens Consulting LLC increased its stake in shares of Lockheed Martin by 48.9% in the second quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company's stock worth $31,000 after acquiring an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Performance

NYSE LMT traded up $1.63 during trading hours on Wednesday, hitting $534.89. The company had a trading volume of 994,314 shares, compared to its average volume of 1,063,588. 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 cap of $126.79 billion, a P/E ratio of 19.37, a price-to-earnings-growth ratio of 4.37 and a beta of 0.49. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The business has a fifty day simple moving average of $574.19 and a 200-day simple moving average of $526.27.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, beating the consensus estimate of $6.50 by $0.34. The company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. During the same quarter last year, the business earned $6.77 earnings per share. Lockheed Martin's revenue was up 1.3% compared to the same quarter last year. Equities analysts predict that Lockheed Martin will post 26.89 EPS for the current year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors 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 yield of 2.47%. Lockheed Martin's dividend payout ratio (DPR) is currently 45.62%.

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.