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Susquehanna Lowers Lockheed Martin (NYSE:LMT) Price Target to $550.00

Lockheed Martin logo with Aerospace background

Lockheed Martin (NYSE:LMT - Free Report) had its price objective reduced by Susquehanna from $590.00 to $550.00 in a report released on Wednesday morning,Benzinga reports. They currently have a positive rating on the aerospace company's stock.

A number of other equities analysts have also recently commented on the stock. UBS Group cut their target price on shares of Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating on the stock in a report on Wednesday. Wells Fargo & Company reduced their target price on shares of Lockheed Martin from $543.00 to $500.00 and set an "equal weight" rating for the company in a report on Wednesday, January 8th. Barclays decreased their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a research note on Monday, January 6th. StockNews.com downgraded Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Friday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a "buy" rating to a "hold" rating and lowered their target price for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $556.13.

Read Our Latest Research Report on LMT

Lockheed Martin Stock Down 0.7 %

Shares of NYSE LMT traded down $3.27 during midday trading on Wednesday, hitting $454.18. The company's stock had a trading volume of 2,396,221 shares, compared to its average volume of 1,423,813. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The firm has a market capitalization of $107.66 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. The business's fifty day simple moving average is $497.18 and its two-hundred day simple moving average is $537.55. Lockheed Martin has a 1 year low of $413.92 and a 1 year high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. On average, equities analysts predict that Lockheed Martin will post 26.89 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.91%. Lockheed Martin's payout ratio is currently 59.30%.

Hedge Funds Weigh In On Lockheed Martin

Several hedge funds have recently bought and sold shares of LMT. Algert Global LLC acquired a new position in shares of Lockheed Martin during the 2nd quarter worth approximately $277,000. Regal Investment Advisors LLC raised its holdings in shares of Lockheed Martin by 103.9% in the second quarter. Regal Investment Advisors LLC now owns 2,235 shares of the aerospace company's stock worth $1,044,000 after acquiring an additional 1,139 shares during the last quarter. New Century Financial Group LLC lifted its position in shares of Lockheed Martin by 179.6% in the second quarter. New Century Financial Group LLC now owns 1,258 shares of the aerospace company's stock valued at $588,000 after acquiring an additional 808 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Lockheed Martin during the 2nd quarter worth about $201,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Lockheed Martin during the second quarter worth about $24,001,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Company Profile

(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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