Lockheed Martin (NYSE:LMT) was downgraded by research analysts at Vetr from a “buy” rating to a “hold” rating in a research report issued on Thursday. They presently have a $332.40 price objective on the aerospace company’s stock. Vetr‘s price objective would suggest a potential upside of 1.74% from the stock’s current price.

A number of other equities research analysts also recently issued reports on LMT. Cowen reissued a “hold” rating and issued a $310.00 price target (up from $295.00) on shares of Lockheed Martin in a research note on Thursday, September 14th. Deutsche Bank reissued a “buy” rating and issued a $340.00 price target (up from $305.00) on shares of Lockheed Martin in a research note on Monday, October 2nd. Zacks Investment Research downgraded shares of Lockheed Martin from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Buckingham Research boosted their price target on shares of Lockheed Martin from $316.00 to $348.00 and gave the company a “buy” rating in a research note on Thursday, October 5th. Finally, Stifel Nicolaus lifted their price objective on shares of Lockheed Martin from $320.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $323.67.

Shares of Lockheed Martin (NYSE LMT) traded up $5.51 during mid-day trading on Thursday, reaching $326.72. 1,440,831 shares of the company’s stock were exchanged, compared to its average volume of 992,305. The company has a quick ratio of 0.95, a current ratio of 1.32 and a debt-to-equity ratio of 6.56. Lockheed Martin has a one year low of $248.00 and a one year high of $326.90. The stock has a market capitalization of $93,680.00, a P/E ratio of 26.50, a PEG ratio of 2.98 and a beta of 0.58.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 24th. The aerospace company reported $3.24 EPS for the quarter, missing analysts’ consensus estimates of $3.26 by ($0.02). Lockheed Martin had a return on equity of 221.41% and a net margin of 7.31%. The firm had revenue of $12.17 billion for the quarter, compared to analysts’ expectations of $12.83 billion. During the same period last year, the firm earned $3.61 earnings per share. Lockheed Martin’s revenue for the quarter was up 5.4% on a year-over-year basis. analysts anticipate that Lockheed Martin will post 13.11 earnings per share for the current fiscal year.

Lockheed Martin declared that its board has approved a stock repurchase program on Thursday, September 28th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the aerospace company to reacquire up to 2.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

In other news, insider Dale P. Bennett sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $313.75, for a total transaction of $627,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel F. Akerson acquired 2,500 shares of Lockheed Martin stock in a transaction dated Wednesday, October 25th. The shares were bought at an average price of $312.02 per share, with a total value of $780,050.00. Following the transaction, the director now directly owns 7,432 shares in the company, valued at approximately $2,318,932.64. The disclosure for this purchase can be found here. Insiders own 0.39% of the company’s stock.

An institutional investor recently bought a new position in Lockheed Martin stock. Buckingham Capital Management Inc. acquired a new position in shares of Lockheed Martin Co. (NYSE:LMT) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 670 shares of the aerospace company’s stock, valued at approximately $208,000. Institutional investors and hedge funds own 78.81% of the company’s stock.

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Lockheed Martin Company Profile

Lockheed Martin Corporation is a security and aerospace company. The Company operates through four segments. Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Lockheed Martin (NYSE:LMT)

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