Lockheed Martin (NYSE:LMT) Price Target Increased to $525.00 by Analysts at Wells Fargo & Company

Lockheed Martin (NYSE:LMT) had its target price increased by Wells Fargo & Company from $483.00 to $525.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have an equal weight rating on the aerospace company’s stock.

A number of other equities research analysts have also recently weighed in on the stock. UBS Group boosted their price target on shares of Lockheed Martin from $511.00 to $538.00 and gave the company a neutral rating in a research report on Wednesday. TD Cowen raised shares of Lockheed Martin from a hold rating to a buy rating and upped their target price for the company from $480.00 to $560.00 in a report on Wednesday. StockNews.com raised shares of Lockheed Martin from a buy rating to a strong-buy rating in a report on Thursday, April 25th. JPMorgan Chase & Co. raised shares of Lockheed Martin from a neutral rating to an overweight rating and upped their target price for the company from $475.00 to $518.00 in a report on Monday, April 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a hold rating in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $518.91.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $524.80 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 1.11 and a debt-to-equity ratio of 3.10. The firm has a fifty day moving average price of $469.59 and a 200 day moving average price of $453.90. The company has a market cap of $125.09 billion, a P/E ratio of 19.20, a PEG ratio of 4.89 and a beta of 0.46. Lockheed Martin has a 12 month low of $393.77 and a 12 month high of $528.64.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 EPS for the quarter, topping analysts’ consensus estimates of $6.45 by $0.66. The firm had revenue of $18.12 billion during the quarter, compared to the consensus estimate of $17.05 billion. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.73 earnings per share. Sell-side analysts predict that Lockheed Martin will post 26.26 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be given a dividend of $3.15 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $12.60 annualized dividend and a yield of 2.40%. Lockheed Martin’s payout ratio is currently 46.10%.

Insiders Place Their Bets

In other Lockheed Martin news, insider Timothy S. Cahill sold 3,975 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the transaction, the insider now directly owns 8,877 shares in the company, valued at $4,574,850.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is currently owned by company insiders.

Institutional Trading of Lockheed Martin

Several large investors have recently modified their holdings of the business. Franklin Resources Inc. grew its position in shares of Lockheed Martin by 14.9% in the fourth quarter. Franklin Resources Inc. now owns 2,589,447 shares of the aerospace company’s stock valued at $1,173,641,000 after purchasing an additional 336,588 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Lockheed Martin by 10,526.6% during the fourth quarter. International Assets Investment Management LLC now owns 1,362,228 shares of the aerospace company’s stock valued at $617,416,000 after buying an additional 1,349,409 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Lockheed Martin by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,038,161 shares of the aerospace company’s stock valued at $470,536,000 after buying an additional 27,349 shares during the period. Capital Research Global Investors lifted its stake in shares of Lockheed Martin by 29.7% during the first quarter. Capital Research Global Investors now owns 953,285 shares of the aerospace company’s stock valued at $433,621,000 after buying an additional 218,506 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Lockheed Martin by 1.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 716,832 shares of the aerospace company’s stock valued at $324,897,000 after buying an additional 9,136 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.