Shares of Lockheed Martin Co. (NYSE:LMT - Get Free Report) dropped 0.2% on Friday . The company traded as low as $467.00 and last traded at $467.69. Approximately 347,210 shares changed hands during trading, a decline of 66% from the average daily volume of 1,006,954 shares. The stock had previously closed at $468.85.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on LMT shares. Robert W. Baird upped their price target on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Susquehanna lowered their target price on shares of Lockheed Martin from $695.00 to $590.00 and set a "positive" rating on the stock in a research note on Wednesday. Barclays cut their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a report on Monday. StockNews.com cut shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on Lockheed Martin from $560.00 to $630.00 and gave the company an "overweight" rating in a research note on Monday, October 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Lockheed Martin presently has an average rating of "Moderate Buy" and an average price target of $591.21.
Read Our Latest Research Report on Lockheed Martin
Lockheed Martin Stock Performance
The firm has a market cap of $110.89 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. The company has a 50 day simple moving average of $511.39 and a 200-day simple moving average of $534.41. 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 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. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same quarter last year, the firm earned $6.77 EPS. The firm's quarterly revenue was up 1.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Lockheed Martin Co. will post 26.88 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in LMT. West Oak Capital LLC grew its holdings in Lockheed Martin by 277.9% in the 4th quarter. West Oak Capital LLC now owns 18,761 shares of the aerospace company's stock worth $9,117,000 after acquiring an additional 13,796 shares during the last quarter. RMR Wealth Builders grew its stake in shares of Lockheed Martin by 10.5% in the fourth quarter. RMR Wealth Builders now owns 3,124 shares of the aerospace company's stock worth $1,518,000 after purchasing an additional 296 shares during the last quarter. Tilia Fiduciary Partners Inc. grew its stake in shares of Lockheed Martin by 1.9% in the fourth quarter. Tilia Fiduciary Partners Inc. now owns 1,771 shares of the aerospace company's stock worth $861,000 after purchasing an additional 33 shares during the last quarter. Sugarloaf Wealth Management LLC raised its position in Lockheed Martin by 4.9% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 772 shares of the aerospace company's stock valued at $375,000 after purchasing an additional 36 shares during the last quarter. Finally, Sage Capital Advisors llc lifted its holdings in Lockheed Martin by 0.3% in the 4th quarter. Sage Capital Advisors llc now owns 10,039 shares of the aerospace company's stock worth $4,878,000 after buying an additional 32 shares during the period. Institutional investors own 74.19% of the company's stock.
About Lockheed Martin
(
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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