Lockheed Martin (NYSE:LMT) Rating Lowered to Neutral at Bank of America

Lockheed Martin (NYSE:LMT - Get Free Report) was downgraded by investment analysts at Bank of America from a "buy" rating to a "neutral" rating in a report issued on Monday, Marketbeat Ratings reports. They presently have a $485.00 price objective on the aerospace company's stock, down from their previous price objective of $685.00. Bank of America's price objective points to a potential upside of 9.66% from the stock's current price.

Other equities analysts also recently issued research reports about the company. Barclays lowered their price target on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. lowered their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Citigroup cut their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. StockNews.com downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. Finally, UBS Group decreased their target price on Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $539.53.

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Lockheed Martin Stock Down 0.7 %

NYSE:LMT traded down $2.91 on Monday, hitting $442.27. 1,559,015 shares of the company's stock traded hands, compared to its average volume of 1,144,743. The firm has a 50-day moving average price of $457.47 and a 200-day moving average price of $511.67. The company has a market cap of $104.10 billion, a PE ratio of 19.87, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. Lockheed Martin has a 1 year low of $419.70 and a 1 year high of $618.95. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10.

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

Insider Activity at Lockheed Martin

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC raised its stake in shares of Lockheed Martin by 53,784.3% in the fourth quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company's stock worth $600,412,000 after acquiring an additional 1,233,275 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Lockheed Martin by 17.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company's stock valued at $3,630,492,000 after purchasing an additional 1,132,461 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $526,587,000. Leigh Baldwin & CO. LLC bought a new position in Lockheed Martin in the 4th quarter worth approximately $451,985,000. Finally, Van ECK Associates Corp lifted its holdings in Lockheed Martin by 1,239.6% during the 4th quarter. Van ECK Associates Corp now owns 548,237 shares of the aerospace company's stock worth $266,410,000 after buying an additional 507,312 shares in the last quarter. Institutional investors and hedge funds 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.