Lockheed Martin Co. (NYSE:LMT) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Lockheed Martin Co. (NYSE:LMT) have been given an average recommendation of “Moderate Buy” by the fifteen analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $555.60.

A number of research firms recently commented on LMT. TD Cowen lifted their price target on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Truist Financial assumed coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target on the stock. StockNews.com cut Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday. UBS Group cut their price target on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Finally, Wells Fargo & Company dropped their price objective on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a research report on Thursday.

Institutional Trading of Lockheed Martin

A number of large investors have recently bought and sold shares of LMT. Algert Global LLC bought a new position in shares of Lockheed Martin during the 2nd quarter worth about $277,000. Czech National Bank grew its stake in Lockheed Martin by 6.2% in the 3rd quarter. Czech National Bank now owns 43,214 shares of the aerospace company’s stock valued at $25,261,000 after purchasing an additional 2,520 shares during the period. GAMMA Investing LLC grew its position in Lockheed Martin by 26.1% during the third quarter. GAMMA Investing LLC now owns 4,504 shares of the aerospace company’s stock valued at $2,633,000 after buying an additional 932 shares during the period. WealthBridge Capital Management LLC bought a new position in shares of Lockheed Martin during the 3rd quarter valued at approximately $258,000. Finally, IAM Advisory LLC increased its position in Lockheed Martin by 1.3% in the third quarter. IAM Advisory LLC now owns 4,081 shares of the aerospace company’s stock worth $2,386,000 after buying an additional 54 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Trading Up 0.6 %

NYSE LMT opened at $462.53 on Monday. Lockheed Martin has a 52 week low of $413.92 and a 52 week high of $618.95. The stock’s 50 day moving average price is $492.29 and its two-hundred day moving average price is $536.89. The stock has a market capitalization of $108.87 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 3.78 and a beta of 0.48. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.12 and a current ratio of 1.13.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, analysts anticipate that Lockheed Martin will post 27.09 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is currently 59.30%.

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.