Brokerages Set Lockheed Martin Corporation (NYSE:LMT) PT at $612.50

Lockheed Martin Corporation (NYSE:LMT) has been given a consensus recommendation of “Hold” by the twenty-one research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $612.50.

A number of equities research analysts have commented on LMT shares. BNP Paribas Exane lifted their target price on shares of Lockheed Martin from $550.00 to $570.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Royal Bank Of Canada upped their price objective on Lockheed Martin from $615.00 to $650.00 and gave the company a “sector perform” rating in a research report on Friday, January 30th. Susquehanna reissued a “positive” rating and issued a $660.00 target price on shares of Lockheed Martin in a report on Thursday, January 15th. Robert W. Baird boosted their price target on Lockheed Martin from $550.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 16th. Finally, DZ Bank cut 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 note on Tuesday, February 3rd.

Lockheed Martin Price Performance

NYSE LMT opened at $649.18 on Friday. Lockheed Martin has a one year low of $410.11 and a one year high of $656.34. The stock has a 50-day moving average of $552.83 and a 200 day moving average of $497.97. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.94 and a current ratio of 1.09. The company has a market capitalization of $149.36 billion, a price-to-earnings ratio of 30.21, a PEG ratio of 1.18 and a beta of 0.23.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The company had revenue of $20.32 billion for the quarter, compared to analysts’ expectations of $19.84 billion. During the same period in the previous year, the business earned $7.67 EPS. The business’s revenue was up 9.1% compared to the same quarter last year. On average, sell-side analysts forecast that Lockheed Martin will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 2nd will be given a $3.45 dividend. The ex-dividend date is Monday, March 2nd. This represents a $13.80 annualized dividend and a yield of 2.1%. Lockheed Martin’s dividend payout ratio (DPR) is presently 64.22%.

Hedge Funds Weigh In On Lockheed Martin

Several institutional investors and hedge funds have recently bought and sold shares of LMT. Brighton Jones LLC lifted its holdings in Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after purchasing an additional 191 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Lockheed Martin by 5.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock valued at $451,000 after buying an additional 50 shares in the last quarter. Integrity Financial Corp WA bought a new position in Lockheed Martin in the 2nd quarter worth $206,000. Aberdeen Group plc increased its stake in Lockheed Martin by 6.6% in the 2nd quarter. Aberdeen Group plc now owns 22,028 shares of the aerospace company’s stock worth $10,202,000 after buying an additional 1,370 shares in the last quarter. Finally, Axxcess Wealth Management LLC raised its holdings in Lockheed Martin by 10.6% during the second quarter. Axxcess Wealth Management LLC now owns 4,902 shares of the aerospace company’s stock valued at $2,270,000 after acquiring an additional 469 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

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.