Lockheed Martin (NYSE:LMT - Get Free Report) was upgraded by stock analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a report issued on Tuesday.
Several other brokerages also recently issued reports on LMT. Citigroup upped their price target on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Susquehanna decreased their price target 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. Melius Research raised shares of Lockheed Martin to a "strong-buy" rating in a report on Tuesday, September 3rd. UBS Group upped their price objective on Lockheed Martin from $589.00 to $603.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. 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 equities research analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Lockheed Martin currently has an average rating of "Moderate Buy" and an average price target of $612.29.
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Lockheed Martin Price Performance
Shares of LMT traded down $1.18 during trading hours on Tuesday, hitting $490.47. The stock had a trading volume of 1,353,949 shares, compared to its average volume of 1,086,591. Lockheed Martin has a 52 week low of $413.92 and a 52 week high of $618.95. The stock has a market capitalization of $116.26 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 4.13 and a beta of 0.46. The company's fifty day moving average is $548.15 and its two-hundred day moving average is $533.36. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12.
Lockheed Martin (NYSE:LMT - Get Free Report) last released 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. The firm had revenue of $17.10 billion during the quarter, compared to analysts' expectations of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The business's revenue was up 1.3% on a year-over-year basis. During the same period last year, the firm posted $6.77 EPS. On average, analysts anticipate that Lockheed Martin will post 26.88 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors and 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 in the 3rd quarter valued at approximately $26,000. Mattson Financial Services LLC bought a new position in Lockheed Martin in the second quarter valued at approximately $27,000. Sachetta LLC boosted its holdings in shares of 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 buying an additional 20 shares during the period. Stephens Consulting LLC raised its holdings in shares of Lockheed Martin by 48.9% during 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 period. Finally, Burkett Financial Services LLC bought a new stake in Lockheed Martin in the 3rd quarter valued at $32,000. 74.19% of the stock is owned by institutional investors and hedge funds.
Lockheed Martin Company Profile
(
Get Free Report)
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.
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