Lockheed Martin (NYSE:LMT) Price Target Cut to $508.00 by Analysts at UBS Group

Lockheed Martin (NYSE:LMT - Free Report) had its price target decreased by UBS Group from $527.00 to $508.00 in a report published on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the aerospace company's stock.

LMT has been the topic of several other reports. Robert W. Baird raised their target price on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Citigroup dropped their target price on Lockheed Martin from $700.00 to $600.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st. JPMorgan Chase & Co. dropped their target price on Lockheed Martin from $546.00 to $540.00 and set an "overweight" rating on the stock in a research report on Thursday, January 16th. Barclays dropped their target price on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating on the stock in a research report on Monday, January 6th. Finally, Royal Bank of Canada dropped their target price on Lockheed Martin from $675.00 to $665.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $556.13.

Lockheed Martin Stock Down 0.7 %

LMT traded down $3.27 during trading on Wednesday, reaching $454.18. The stock had a trading volume of 2,396,221 shares, compared to its average volume of 1,423,813. The stock's 50 day moving average is $497.18 and its two-hundred day moving average is $537.55. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The company has a market capitalization of $107.66 billion, a price-to-earnings ratio of 16.44, a P/E/G ratio of 4.05 and a beta of 0.48. Lockheed Martin has a one year low of $413.92 and a one year high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating 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%. As a group, analysts expect that Lockheed Martin will post 26.89 earnings per share for the current year.

Lockheed Martin Dividend Announcement

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

Institutional Investors Weigh In On Lockheed Martin

Several hedge funds have recently made changes to their positions in the company. CVA Family Office LLC raised its position in shares of Lockheed Martin by 1.1% in the 3rd quarter. CVA Family Office LLC now owns 1,548 shares of the aerospace company's stock worth $905,000 after acquiring an additional 17 shares in the last quarter. AllGen Financial Advisors Inc. raised its position in shares of Lockheed Martin by 4.0% in the 3rd quarter. AllGen Financial Advisors Inc. now owns 468 shares of the aerospace company's stock worth $274,000 after acquiring an additional 18 shares in the last quarter. Salomon & Ludwin LLC increased its position in Lockheed Martin by 20.5% during the 3rd quarter. Salomon & Ludwin LLC now owns 106 shares of the aerospace company's stock valued at $62,000 after buying an additional 18 shares in the last quarter. Sunburst Financial Group LLC increased its position in Lockheed Martin by 3.3% during the 3rd quarter. Sunburst Financial Group LLC now owns 566 shares of the aerospace company's stock valued at $331,000 after buying an additional 18 shares in the last quarter. Finally, Quad Cities Investment Group LLC increased its position in Lockheed Martin by 1.2% during the 3rd quarter. Quad Cities Investment Group LLC now owns 1,572 shares of the aerospace company's stock valued at $919,000 after buying an additional 19 shares in the last quarter. 74.19% of the stock is currently 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.