Lockheed Martin (NYSE:LMT) had its price target raised by Buckingham Research from $348.00 to $403.00 in a note issued to investors on Monday. The brokerage presently has a “buy” rating on the aerospace company’s stock. Buckingham Research’s target price would indicate a potential upside of 14.27% from the company’s previous close.
A number of other analysts also recently issued reports on the stock. ValuEngine upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating in a report on Friday. Citigroup raised their price objective on shares of Lockheed Martin from $355.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Cowen restated a “hold” rating and set a $370.00 price objective on shares of Lockheed Martin in a report on Tuesday, January 30th. Wells Fargo & Co restated a “market perform” rating and set a $355.00 price objective (up previously from $340.00) on shares of Lockheed Martin in a report on Tuesday, January 30th. Finally, Robert W. Baird raised their price objective on shares of Lockheed Martin from $337.00 to $410.00 and gave the stock an “outperform” rating in a report on Tuesday, January 30th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $368.46.
Shares of Lockheed Martin (NYSE:LMT) opened at $352.66 on Monday. Lockheed Martin has a 1-year low of $251.50 and a 1-year high of $361.79. The company has a current ratio of 1.38, a quick ratio of 1.03 and a debt-to-equity ratio of -22.19. The stock has a market cap of $101,119.70, a PE ratio of 51.63, a P/E/G ratio of 3.10 and a beta of 0.73.
In other news, insider Richard F. Ambrose sold 7,517 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $357.89, for a total value of $2,690,259.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dale P. Bennett sold 2,000 shares of the firm’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 disclosure for this sale can be found here. Insiders have sold 28,517 shares of company stock valued at $9,905,819 in the last quarter. Company 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 stake in Lockheed Martin Co. (NYSE:LMT) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 670 shares of the aerospace company’s stock, valued at approximately $208,000. Institutional investors and hedge funds own 78.92% of the company’s stock.
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.
