Lockheed Martin Co. (NYSE:LMT) Receives $553.43 Consensus Target Price from Analysts

Shares of Lockheed Martin Co. (NYSE:LMT - Get Free Report) have earned a consensus rating of "Moderate Buy" from the fifteen ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $553.43.

A number of analysts recently issued reports on the company. UBS Group lifted their target price on Lockheed Martin from $511.00 to $538.00 and gave the company a "neutral" rating in a research report on Wednesday, July 24th. Wells Fargo & Company boosted their price target on Lockheed Martin from $483.00 to $525.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised Lockheed Martin from a "hold" rating to a "buy" rating and increased their price objective for the company from $540.00 to $600.00 in a report on Friday, July 26th. JPMorgan Chase & Co. boosted their target price on shares of Lockheed Martin from $518.00 to $560.00 and gave the stock an "overweight" rating in a report on Thursday, July 25th. Finally, Royal Bank of Canada raised shares of Lockheed Martin from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from $500.00 to $600.00 in a research report on Monday, August 5th.

Insider Transactions at Lockheed Martin

In other Lockheed Martin news, insider Timothy S. Cahill sold 3,975 shares of the company's stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $515.36, for a total value of $2,048,556.00. Following the transaction, the insider now directly owns 8,877 shares of the company's stock, valued at approximately $4,574,850.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.17% of the company's stock.

Institutional Trading of Lockheed Martin

Institutional investors have recently bought and sold shares of the business. HTLF Bank increased its stake in Lockheed Martin by 3.7% during the 2nd quarter. HTLF Bank now owns 565 shares of the aerospace company's stock worth $264,000 after acquiring an additional 20 shares during the period. tru Independence LLC increased its position in shares of Lockheed Martin by 2.5% in the second quarter. tru Independence LLC now owns 827 shares of the aerospace company's stock worth $386,000 after purchasing an additional 20 shares during the period. Sachetta LLC raised its stake in 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 purchasing an additional 20 shares in the last quarter. Twin Lakes Capital Management LLC lifted its position in Lockheed Martin by 1.3% during the second quarter. Twin Lakes Capital Management LLC now owns 1,527 shares of the aerospace company's stock worth $713,000 after purchasing an additional 20 shares during the period. Finally, Goldstein Advisors LLC grew its stake in Lockheed Martin by 1.2% during the second quarter. Goldstein Advisors LLC now owns 1,731 shares of the aerospace company's stock worth $809,000 after buying an additional 21 shares in the last quarter. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Up 3.7 %

NYSE LMT traded up $21.52 during trading on Tuesday, hitting $606.08. The stock had a trading volume of 2,349,001 shares, compared to its average volume of 1,068,099. Lockheed Martin has a 12 month low of $393.77 and a 12 month high of $611.49. 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 company's 50-day moving average price is $558.55 and its two-hundred day moving average price is $495.31. The company has a market capitalization of $145.42 billion, a PE ratio of 21.37, a P/E/G ratio of 4.66 and a beta of 0.47.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 EPS for the quarter, topping the consensus estimate of $6.45 by $0.66. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The business had revenue of $18.12 billion during the quarter, compared to analysts' expectations of $17.05 billion. During the same quarter in the prior year, the company posted $6.73 earnings per share. The firm's revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts forecast that Lockheed Martin will post 26.65 EPS for the current year.

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.