Lockheed Martin (NYSE:LMT) Cut to Buy at Wall Street Zen

Wall Street Zen cut shares of Lockheed Martin (NYSE:LMT) from a strong-buy rating to a buy rating in a report released on Sunday morning.

Other analysts have also recently issued research reports about the stock. Weiss Ratings raised shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. DZ Bank lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and set a $665.00 price objective on the stock. in a research report on Tuesday, February 3rd. Jefferies Financial Group lifted their price target on shares of Lockheed Martin from $540.00 to $630.00 and gave the company a “hold” rating in a research report on Sunday, February 1st. Morgan Stanley set a $675.00 target price on shares of Lockheed Martin in a research note on Wednesday, February 4th. Finally, Susquehanna restated a “positive” rating and issued a $660.00 target price on shares of Lockheed Martin in a report on Thursday, January 15th. Six investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $612.50.

Lockheed Martin Price Performance

NYSE:LMT opened at $630.34 on Friday. The stock has a market capitalization of $145.03 billion, a PE ratio of 29.33, a price-to-earnings-growth ratio of 1.15 and a beta of 0.23. Lockheed Martin has a 52 week low of $410.11 and a 52 week high of $646.59. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 3.05. The stock’s 50-day moving average price is $533.99 and its 200-day moving average price is $490.10.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.33 by ($0.53). The company had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.84 billion. Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the business earned $7.67 EPS. As a group, equities analysts expect that Lockheed Martin will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 2nd will be given a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, March 2nd. Lockheed Martin’s dividend payout ratio is 64.22%.

Institutional Trading of Lockheed Martin

A number of hedge funds have recently modified their holdings of the business. TD Asset Management Inc raised its holdings in Lockheed Martin by 1.5% in the 4th quarter. TD Asset Management Inc now owns 99,330 shares of the aerospace company’s stock worth $48,043,000 after acquiring an additional 1,422 shares during the period. Intellectus Partners LLC increased its position in shares of Lockheed Martin by 2.9% during the fourth quarter. Intellectus Partners LLC now owns 7,033 shares of the aerospace company’s stock valued at $3,402,000 after purchasing an additional 197 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Lockheed Martin by 131.2% in the 4th quarter. Sivia Capital Partners LLC now owns 1,884 shares of the aerospace company’s stock valued at $911,000 after buying an additional 1,069 shares in the last quarter. REAP Financial Group LLC raised its position in Lockheed Martin by 14.4% in the fourth quarter. REAP Financial Group LLC now owns 159 shares of the aerospace company’s stock worth $77,000 after purchasing an additional 20 shares in the last quarter. Finally, Private Wealth Asset Management LLC lifted its position in shares of Lockheed Martin by 0.8% during the 4th quarter. Private Wealth Asset Management LLC now owns 2,750 shares of the aerospace company’s stock worth $1,330,000 after buying an additional 23 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Company Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.