Lockheed Martin (NYSE:LMT) PT Raised to $499.00 at UBS Group

Lockheed Martin (NYSE:LMT) had its price objective increased by stock analysts at UBS Group from $482.00 to $499.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the aerospace company’s stock. UBS Group’s price objective suggests a potential upside of 7.27% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Morgan Stanley dropped their target price on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Susquehanna dropped their target price on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. JPMorgan Chase & Co. upgraded 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 research report on Monday, April 15th. The Goldman Sachs Group dropped their target price on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $485.40.

Lockheed Martin Price Performance

Shares of LMT stock opened at $465.19 on Wednesday. Lockheed Martin has a fifty-two week low of $393.77 and a fifty-two week high of $479.50. The firm has a market capitalization of $111.87 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 4.21 and a beta of 0.48. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.03 and a current ratio of 1.30. The stock’s 50-day simple moving average is $443.00 and its 200-day simple moving average is $444.29.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, topping analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The business had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. During the same quarter in the previous year, the firm earned $6.43 earnings per share. The company’s revenue was up 13.7% on a year-over-year basis. As a group, equities analysts forecast that Lockheed Martin will post 26.04 earnings per share for the current fiscal year.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Maryanne Lavan sold 4,022 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,874 shares of company stock valued at $7,249,946. 0.17% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in LMT. Herold Advisors Inc. raised its stake in Lockheed Martin by 8.6% in the 3rd quarter. Herold Advisors Inc. now owns 3,448 shares of the aerospace company’s stock valued at $1,410,000 after purchasing an additional 274 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Lockheed Martin by 3.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,088 shares of the aerospace company’s stock valued at $8,624,000 after purchasing an additional 770 shares during the last quarter. Alethea Capital Management LLC purchased a new stake in Lockheed Martin in the 3rd quarter valued at $415,000. New Mexico Educational Retirement Board grew its holdings in Lockheed Martin by 6.4% in the 3rd quarter. New Mexico Educational Retirement Board now owns 11,697 shares of the aerospace company’s stock valued at $4,784,000 after buying an additional 700 shares in the last quarter. Finally, Gilbert & Cook Inc. grew its holdings in Lockheed Martin by 22.8% in the 3rd quarter. Gilbert & Cook Inc. now owns 1,275 shares of the aerospace company’s stock valued at $521,000 after buying an additional 237 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

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.