Lockheed Martin (NYSE:LMT) Price Target Raised to $499.00

Lockheed Martin (NYSE:LMT - Get Free Report) had its target price increased by UBS Group from $481.00 to $499.00 in a research note issued on Wednesday, Marketbeat.com reports. The firm presently has a "neutral" rating on the aerospace company's stock. UBS Group's price objective would indicate a potential upside of 4.43% from the company's previous close.

LMT has been the topic of a number of other research reports. Robert W. Baird upgraded Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 target price on the stock in a research note on Wednesday. StockNews.com lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Melius cut Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Truist Financial began coverage on Lockheed Martin in a research report on Tuesday, January 14th. They set a "buy" rating and a $579.00 price target on the stock. Finally, Wells Fargo & Company cut their price target on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $544.79.

Lockheed Martin Trading Up 2.4 %

Shares of NYSE:LMT traded up $11.01 on Wednesday, hitting $477.82. The company had a trading volume of 1,521,067 shares, compared to its average volume of 1,251,288. Lockheed Martin has a 1 year low of $418.88 and a 1 year high of $618.95. The firm's 50-day simple moving average is $455.79 and its two-hundred day simple moving average is $492.43. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The firm has a market capitalization of $112.08 billion, a price-to-earnings ratio of 21.47, a P/E/G ratio of 2.07 and a beta of 0.39.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, beating analysts' consensus estimates of $6.34 by $0.94. The business had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Equities analysts anticipate that Lockheed Martin will post 27.15 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Harry Edward Paul III sold 707 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the sale, the vice president now owns 2,278 shares of the company's stock, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the completion of the sale, the insider now directly owns 2,000 shares of the company's stock, valued at $884,840. The trade was a 61.63 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,133 shares of company stock worth $3,155,916. 0.14% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. CFS Investment Advisory Services LLC lifted its position in Lockheed Martin by 2.0% in the 4th quarter. CFS Investment Advisory Services LLC now owns 1,091 shares of the aerospace company's stock worth $530,000 after buying an additional 21 shares in the last quarter. Wynn Capital LLC lifted its position in shares of Lockheed Martin by 1.0% during the 4th quarter. Wynn Capital LLC now owns 2,185 shares of the aerospace company's stock worth $1,062,000 after purchasing an additional 22 shares during the last quarter. PBMares Wealth Management LLC increased its position in Lockheed Martin by 0.6% during the fourth quarter. PBMares Wealth Management LLC now owns 3,745 shares of the aerospace company's stock worth $1,820,000 after acquiring an additional 22 shares during the period. Nvwm LLC raised its position in shares of Lockheed Martin by 2.5% during the fourth quarter. Nvwm LLC now owns 908 shares of the aerospace company's stock valued at $441,000 after buying an additional 22 shares during the last quarter. Finally, Schear Investment Advisers LLC lifted its position in shares of Lockheed Martin by 2.0% in the 4th quarter. Schear Investment Advisers LLC now owns 1,147 shares of the aerospace company's stock worth $557,000 after acquiring an additional 22 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

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.