Lockheed Martin (NYSE:LMT) had its price target increased by equities research analysts at Robert W. Baird from $337.00 to $410.00 in a research note issued to investors on Tuesday. The firm presently has an “outperform” rating on the aerospace company’s stock. Robert W. Baird’s price target suggests a potential upside of 17.01% from the company’s previous close.
A number of other research firms have also commented on LMT. Royal Bank of Canada set a $348.00 price target on shares of Lockheed Martin and gave the company a “hold” rating in a research report on Tuesday, January 23rd. Credit Suisse Group reiterated a “neutral” rating and set a $308.00 target price (up from $300.00) on shares of Lockheed Martin in a research report on Wednesday, October 25th. Stifel Nicolaus upped their target price on shares of Lockheed Martin from $320.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Cowen reiterated a “hold” rating and set a $320.00 target price on shares of Lockheed Martin in a research report on Wednesday, October 25th. Finally, Zacks Investment Research lowered shares of Lockheed Martin from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $365.03.
Lockheed Martin (NYSE LMT) traded down $1.46 during trading hours on Tuesday, reaching $350.39. 2,030,000 shares of the company’s stock were exchanged, compared to its average volume of 1,210,000. The firm has a market capitalization of $100,470.00, a price-to-earnings ratio of 53.25, a PEG ratio of 3.39 and a beta of 0.58. Lockheed Martin has a 52-week low of $249.96 and a 52-week high of $354.32. The company has a debt-to-equity ratio of 6.56, a quick ratio of 0.95 and a current ratio of 1.32.
In related news, insider Dale P. Bennett sold 2,000 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $313.75, for a total value of $627,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.39% of the company’s stock.
A hedge fund recently bought a new stake in Lockheed Martin stock. Buckingham Capital Management Inc. acquired a new stake in Lockheed Martin Co. (NYSE:LMT) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 670 shares of the aerospace company’s stock, valued at approximately $208,000. 78.81% of the stock is currently owned by institutional investors and hedge funds.
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About Lockheed Martin
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.
