Robert W. Baird Boosts Lockheed Martin (NYSE:LMT) Price Target to $626.00

Lockheed Martin (NYSE:LMT - Free Report) had its price target boosted by Robert W. Baird from $519.00 to $626.00 in a research report sent to investors on Tuesday.

A number of other research analysts have also recently commented on the company. Royal Bank of Canada upped their target price on Lockheed Martin from $600.00 to $675.00 and gave the company an "outperform" rating in a research note on Monday, October 7th. Susquehanna upped their target price on Lockheed Martin from $565.00 to $705.00 and gave the company a "positive" rating in a research note on Thursday, October 17th. Barclays increased their price objective on Lockheed Martin from $480.00 to $505.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 30th. Melius Research raised Lockheed Martin to a "strong-buy" rating in a research note on Tuesday, September 3rd. Finally, Wells Fargo & Company increased their price objective on Lockheed Martin from $483.00 to $525.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $599.93.

Lockheed Martin Trading Down 6.2 %

LMT stock traded down $37.89 during midday trading on Tuesday, reaching $576.72. 2,256,887 shares of the company traded hands, compared to its average volume of 1,052,953. Lockheed Martin has a 52-week low of $413.92 and a 52-week high of $618.95. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.07 and a current ratio of 1.24. The business has a 50 day moving average of $579.79 and a 200-day moving average of $513.10. The firm has a market capitalization of $138.38 billion, a price-to-earnings ratio of 21.10, a P/E/G ratio of 4.84 and a beta of 0.47.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.45 by $0.66. The business had revenue of $18.12 billion for the quarter, compared to the consensus estimate of $17.05 billion. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $6.73 earnings per share. As a group, sell-side analysts expect that Lockheed Martin will post 26.68 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently announced 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 is Monday, December 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.29%. Lockheed Martin's dividend payout ratio (DPR) is 48.30%.

Insider Buying and Selling

In related news, insider Timothy S. Cahill sold 3,975 shares of the firm's stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the sale, the insider now owns 8,877 shares in the company, valued at approximately $4,574,850.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.17% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lockheed Martin

Several hedge funds and other institutional investors have recently modified their holdings of LMT. CVA Family Office LLC lifted its stake in Lockheed Martin by 1.1% during the third quarter. CVA Family Office LLC now owns 1,548 shares of the aerospace company's stock worth $905,000 after purchasing an additional 17 shares in the last quarter. Quad Cities Investment Group LLC increased its holdings in shares of Lockheed Martin by 1.2% in the 3rd quarter. Quad Cities Investment Group LLC now owns 1,572 shares of the aerospace company's stock valued at $919,000 after acquiring an additional 19 shares during the last quarter. HTLF Bank increased its holdings in shares of Lockheed Martin by 3.7% in the 2nd quarter. HTLF Bank now owns 565 shares of the aerospace company's stock valued at $264,000 after acquiring an additional 20 shares during the last quarter. tru Independence LLC grew its stake in Lockheed Martin by 2.5% during the 2nd quarter. tru Independence LLC now owns 827 shares of the aerospace company's stock worth $386,000 after buying an additional 20 shares during the last quarter. Finally, Sachetta LLC grew its stake in Lockheed Martin by 50.0% during the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company's stock worth $28,000 after buying an additional 20 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

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.