Lockheed Martin (NYSE:LMT) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Lockheed Martin (NYSE:LMT) from a buy rating to a strong-buy rating in a research report released on Thursday morning.

Other equities analysts have also issued reports about the company. Morgan Stanley decreased their target price on Lockheed Martin from $513.00 to $503.00 and set an equal weight rating for the company in a research report on Wednesday, January 24th. JPMorgan Chase & Co. upgraded Lockheed Martin from a neutral rating to an overweight rating and boosted their price objective for the company from $475.00 to $518.00 in a research report on Monday, April 15th. Wells Fargo & Company boosted their price objective on Lockheed Martin from $460.00 to $480.00 and gave the company an equal weight rating in a research report on Thursday. UBS Group boosted their price objective on Lockheed Martin from $482.00 to $499.00 and gave the company a neutral rating in a research report on Wednesday, April 24th. Finally, Citigroup boosted their price objective on Lockheed Martin from $508.00 to $525.00 and gave the company a buy rating in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin currently has an average rating of Hold and a consensus target price of $485.40.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $461.29 on Thursday. The firm has a market capitalization of $110.68 billion, a P/E ratio of 16.88, a PEG ratio of 4.22 and a beta of 0.48. Lockheed Martin has a 1 year low of $393.77 and a 1 year high of $479.50. The business has a 50-day moving average of $443.74 and a 200-day moving average of $444.58. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (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 company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the company earned $6.43 EPS. On average, equities analysts anticipate that Lockheed Martin will post 26.16 EPS for the current year.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, SVP Maryanne Lavan sold 4,022 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 16,874 shares of company stock worth $7,249,946. Corporate insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On Lockheed Martin

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Caprock Group LLC raised its stake in Lockheed Martin by 1.5% in the 3rd quarter. Caprock Group LLC now owns 1,746 shares of the aerospace company’s stock valued at $714,000 after acquiring an additional 26 shares during the period. Advisory Alpha LLC raised its stake in Lockheed Martin by 13.8% in the 3rd quarter. Advisory Alpha LLC now owns 1,737 shares of the aerospace company’s stock valued at $711,000 after acquiring an additional 211 shares during the period. Secure Asset Management LLC raised its stake in Lockheed Martin by 2.9% in the 3rd quarter. Secure Asset Management LLC now owns 1,318 shares of the aerospace company’s stock valued at $539,000 after acquiring an additional 37 shares during the period. Oak Thistle LLC raised its stake in Lockheed Martin by 66.0% in the 3rd quarter. Oak Thistle LLC now owns 2,143 shares of the aerospace company’s stock valued at $876,000 after acquiring an additional 852 shares during the period. Finally, Spirit of America Management Corp NY raised its stake in Lockheed Martin by 33.3% in the 3rd quarter. Spirit of America Management Corp NY now owns 400 shares of the aerospace company’s stock valued at $164,000 after acquiring an additional 100 shares during the period. 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.