Lockheed Martin (NYSE:LMT) PT Lowered to $665.00

Lockheed Martin (NYSE:LMT - Get Free Report) had its price objective lowered by research analysts at Royal Bank of Canada from $675.00 to $665.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an "outperform" rating on the aerospace company's stock. Royal Bank of Canada's price target would suggest a potential upside of 16.44% from the stock's current price.

A number of other analysts have also commented on LMT. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Lockheed Martin from $600.00 to $620.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. StockNews.com raised shares of Lockheed Martin from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 10th. UBS Group boosted their price objective on Lockheed Martin from $589.00 to $603.00 and gave the stock a "neutral" rating in a report on Wednesday. Barclays lifted their target price on Lockheed Martin from $480.00 to $505.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 30th. Finally, Morgan Stanley increased their price target on Lockheed Martin from $503.00 to $599.00 and gave the company an "equal weight" rating in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $606.71.

Lockheed Martin Stock Down 1.0 %

Shares of Lockheed Martin stock traded down $5.88 during trading on Wednesday, reaching $571.10. 1,293,007 shares of the company traded hands, compared to its average volume of 1,054,155. The firm has a market capitalization of $137.03 billion, a PE ratio of 20.90, a P/E/G ratio of 4.84 and a beta of 0.47. Lockheed Martin has a 1-year low of $413.92 and a 1-year high of $618.95. The company has a 50 day moving average price of $579.95 and a 200-day moving average price of $513.50. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.24 and a quick ratio of 1.07.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating the consensus estimate of $6.50 by $0.34. The firm had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The business's quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.77 earnings per share. As a group, equities research analysts expect that Lockheed Martin will post 26.68 earnings per share for the current fiscal year.

Institutional Trading of Lockheed Martin

Several hedge funds have recently made changes to their positions in LMT. International Assets Investment Management LLC raised its stake in Lockheed Martin by 60,592.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company's stock valued at $911,433,000 after acquiring an additional 1,556,609 shares during the period. Wulff Hansen & CO. raised its position in shares of Lockheed Martin by 56,626.7% in the second quarter. Wulff Hansen & CO. now owns 1,021,081 shares of the aerospace company's stock valued at $476,947,000 after purchasing an additional 1,019,281 shares during the period. Van ECK Associates Corp lifted its stake in shares of Lockheed Martin by 1,075.2% during the 1st quarter. Van ECK Associates Corp now owns 481,106 shares of the aerospace company's stock valued at $218,841,000 after buying an additional 440,169 shares in the last quarter. Capital Research Global Investors boosted its holdings in Lockheed Martin by 29.7% in the 1st quarter. Capital Research Global Investors now owns 953,285 shares of the aerospace company's stock worth $433,621,000 after buying an additional 218,506 shares during the period. Finally, National Bank of Canada FI boosted its holdings in Lockheed Martin by 219.3% in the 1st quarter. National Bank of Canada FI now owns 318,107 shares of the aerospace company's stock worth $149,138,000 after buying an additional 218,466 shares during the period. 74.19% of the stock is currently owned by institutional investors.

About Lockheed Martin

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.