StockNews.com Downgrades Lockheed Martin (NYSE:LMT) to Hold

Lockheed Martin (NYSE:LMT - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Tuesday.

A number of other research firms have also recently weighed in on LMT. Susquehanna lowered their price target on Lockheed Martin from $590.00 to $550.00 and set a "positive" rating on the stock in a report on Wednesday, January 29th. Morgan Stanley cut their price target on Lockheed Martin from $555.00 to $525.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 29th. Melius downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. 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. Finally, Bank of America lowered shares of Lockheed Martin from a "buy" rating to a "neutral" rating and lowered their price target for the company from $685.00 to $485.00 in a research report on Monday, March 24th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $539.53.

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Lockheed Martin Price Performance

Shares of LMT traded up $4.28 during mid-day trading on Tuesday, hitting $452.92. The company's stock had a trading volume of 1,268,804 shares, compared to its average volume of 1,649,651. 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 has a 1-year low of $419.70 and a 1-year high of $618.95. The firm has a market capitalization of $106.61 billion, a P/E ratio of 20.35, a P/E/G ratio of 2.07 and a beta of 0.43. The firm has a 50-day simple moving average of $454.45 and a 200 day simple moving average of $508.19.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping 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%. Analysts predict that Lockheed Martin will post 27.15 EPS for the current fiscal year.

Insider Transactions at Lockheed Martin

In related news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the 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 transaction, the insider now directly owns 2,000 shares of the company's stock, valued at approximately $884,840. This trade represents a 61.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Harry Edward Paul III sold 707 shares of the business's 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 sale, the vice president now directly owns 2,278 shares of the company's stock, valued at approximately $1,008,265.58. This trade represents a 23.69 % 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 worth $3,155,916 in the last three months. Company insiders own 0.17% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its position 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 worth $3,630,492,000 after acquiring an additional 1,132,461 shares in the last quarter. Geode Capital Management LLC raised its position in Lockheed Martin by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 4,887,242 shares of the aerospace company's stock valued at $2,374,557,000 after purchasing an additional 59,597 shares during the period. Wellington Management Group LLP lifted its stake in shares of Lockheed Martin by 8.5% during the third quarter. Wellington Management Group LLP now owns 3,074,855 shares of the aerospace company's stock worth $1,797,437,000 after purchasing an additional 240,306 shares in the last quarter. Northern Trust Corp boosted its position in shares of Lockheed Martin by 6.3% in the fourth quarter. Northern Trust Corp now owns 2,260,910 shares of the aerospace company's stock worth $1,098,667,000 after buying an additional 134,662 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Lockheed Martin by 17.5% in the fourth quarter. Invesco Ltd. now owns 2,131,928 shares of the aerospace company's stock valued at $1,035,989,000 after buying an additional 318,007 shares in the last quarter. Hedge funds and other 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.