Lockheed Martin (NYSE:LMT) had its price target upped by equities research analysts at Argus from $340.00 to $385.00 in a research note issued on Tuesday, MarketBeat reports. The firm currently has a “buy” rating on the aerospace company’s stock. Argus’ target price points to a potential upside of 14.04% from the company’s previous close.
A number of other research firms also recently weighed in on LMT. ValuEngine raised Lockheed Martin from a “hold” rating to a “buy” rating in a research report on Friday. Buckingham Research upped their price target on Lockheed Martin from $348.00 to $403.00 and gave the stock a “buy” rating in a research report on Monday. Stifel Nicolaus reaffirmed a “buy” rating and set a $400.00 price target (up previously from $345.00) on shares of Lockheed Martin in a research report on Monday, January 29th. Royal Bank of Canada reaffirmed a “hold” rating on shares of Lockheed Martin in a research report on Tuesday, January 30th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $370.00 price target on shares of Lockheed Martin in a research 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’s stock. The stock has an average rating of “Buy” and a consensus target price of $372.53.
Lockheed Martin (NYSE LMT) traded up $1.13 during midday trading on Tuesday, reaching $337.59. The company had a trading volume of 2,602,923 shares, compared to its average volume of 1,350,000. Lockheed Martin has a twelve month low of $254.11 and a twelve month 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 company has a market cap of $96,800.00, a PE ratio of 51.31, a price-to-earnings-growth ratio of 3.10 and a beta of 0.73.
Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Monday, January 29th. The aerospace company reported $4.30 earnings per share for the quarter, topping analysts’ consensus estimates of $4.06 by $0.24. Lockheed Martin had a return on equity of 354.55% and a net margin of 3.92%. The firm had revenue of $15.14 billion during the quarter, compared to the consensus estimate of $14.72 billion. During the same quarter in the prior year, the firm posted $3.25 EPS. The business’s revenue was up 10.1% on a year-over-year basis. analysts anticipate that Lockheed Martin will post 15.49 EPS for the current fiscal year.
In other news, insider Dale P. Bennett sold 2,000 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $313.75, for a total value of $627,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Marillyn A. Hewson sold 19,000 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $346.74, for a total value of $6,588,060.00. Following the completion of the sale, the chairman now directly owns 80,478 shares of the company’s stock, valued at approximately $27,904,941.72. The disclosure for this sale can be found here. In the last three months, insiders sold 28,517 shares of company stock valued at $9,905,819. 0.39% of the stock is currently owned by insiders.
A hedge fund recently bought a new stake in Lockheed Martin stock. Buckingham Capital Management Inc. purchased a new stake in shares of Lockheed Martin Co. (NYSE:LMT) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 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.
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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.