Lockheed Martin (NYSE:LMT) PT Raised to $565.00

Lockheed Martin (NYSE:LMT - Free Report) had its price target raised by Barclays from $505.00 to $565.00 in a research note released on Tuesday, Benzinga reports. They currently have an equal weight rating on the aerospace company's stock.

LMT has been the subject of a number of other reports. Bank of America restated a "buy" rating and issued a $635.00 price target on shares of Lockheed Martin in a research report on Friday, August 30th. Wells Fargo & Company raised their target price 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. Morgan Stanley boosted their price target on shares of Lockheed Martin from $503.00 to $599.00 and gave the company an "equal weight" rating in a research report on Friday, August 9th. JPMorgan Chase & Co. raised their price objective on shares of Lockheed Martin from $560.00 to $630.00 and gave the stock an "overweight" rating in a research report on Monday, October 14th. Finally, TD Cowen lifted their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $611.00.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock traded down $8.24 during mid-day trading on Tuesday, reaching $546.93. 1,040,794 shares of the stock traded hands, compared to its average volume of 1,056,013. The company has a quick ratio of 1.07, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The business has a 50-day moving average of $580.01 and a 200 day moving average of $516.25. The stock has a market capitalization of $131.23 billion, a PE ratio of 20.01, a PEG ratio of 4.62 and a beta of 0.47. Lockheed Martin has a fifty-two week low of $413.92 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data 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 return on equity of 101.44% and a net margin of 9.36%. The firm had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. During the same period in the prior year, the company earned $6.77 EPS. The firm's revenue was up 1.3% compared to the same quarter last year. On average, analysts predict that Lockheed Martin will post 26.65 EPS for the current 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 dividend of $3.30 per share. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.15. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $13.20 annualized dividend and a yield of 2.41%. Lockheed Martin's dividend payout ratio is presently 48.30%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BSW Wealth Partners purchased a new position in Lockheed Martin in the third quarter valued at $490,000. Angeles Wealth Management LLC boosted its stake in shares of Lockheed Martin by 6.4% in the 3rd quarter. Angeles Wealth Management LLC now owns 1,234 shares of the aerospace company's stock valued at $721,000 after buying an additional 74 shares during the period. Whitener Capital Management Inc. grew its position in shares of Lockheed Martin by 7.1% during the third quarter. Whitener Capital Management Inc. now owns 1,577 shares of the aerospace company's stock worth $922,000 after buying an additional 105 shares in the last quarter. Prosperitas Financial LLC raised its holdings in Lockheed Martin by 7.5% in the third quarter. Prosperitas Financial LLC now owns 5,015 shares of the aerospace company's stock valued at $2,931,000 after acquiring an additional 352 shares in the last quarter. Finally, Lodestone Wealth Management LLC purchased a new position in Lockheed Martin in the third quarter worth approximately $209,000. 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.