Lockheed Martin (NYSE:LMT) Price Target Raised to $525.00 at Citigroup

Lockheed Martin (NYSE:LMT) had its price target lifted by Citigroup from $508.00 to $525.00 in a research report sent to investors on Wednesday morning, Benzinga reports. Citigroup currently has a buy rating on the aerospace company’s stock.

Several other analysts also recently issued reports on the company. Susquehanna cut their price target on Lockheed Martin from $550.00 to $540.00 and set a positive rating on the stock in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft raised their price target on Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Royal Bank of Canada cut their price target on Lockheed Martin from $475.00 to $470.00 and set a sector perform rating on the stock in a report on Wednesday, January 24th. UBS Group lifted their target price on Lockheed Martin from $482.00 to $499.00 and gave the company a neutral rating in a research note on Wednesday. Finally, Morgan Stanley cut their target price on Lockheed Martin from $513.00 to $503.00 and set an equal weight rating on the stock in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, Lockheed Martin presently has an average rating of Hold and an average target price of $479.90.

Lockheed Martin Price Performance

Shares of LMT opened at $459.13 on Wednesday. The firm has a market cap of $110.42 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 4.21 and a beta of 0.48. The stock has a 50 day moving average of $442.16 and a 200-day moving average of $444.14. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 2.89. Lockheed Martin has a 52 week low of $393.77 and a 52 week high of $480.92.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping the consensus estimate of $5.80 by $0.53. The company had revenue of $17.20 billion during the quarter, compared to analyst estimates of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The business’s revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the firm earned $6.43 EPS. As a group, analysts forecast that Lockheed Martin will post 26.04 EPS for the current year.

Insider Transactions at Lockheed Martin

In related news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction on Friday, March 1st. The shares were sold at an average price of $425.35, for a total value of $2,827,726.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,874 shares of company stock valued at $7,249,946. Corporate insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. First Pacific Financial purchased a new position in shares of Lockheed Martin during the first quarter valued at $25,000. Altshuler Shaham Ltd purchased a new position in Lockheed Martin in the fourth quarter valued at about $26,000. Bank Julius Baer & Co. Ltd Zurich grew its stake in Lockheed Martin by 73.0% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 27 shares in the last quarter. Activest Wealth Management grew its stake in Lockheed Martin by 1,200.0% in the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 60 shares in the last quarter. Finally, Milestone Investment Advisors LLC purchased a new position in Lockheed Martin in the third quarter valued at about $33,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Company Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.