Lockheed Martin (NYSE:LMT) PT Raised to $487.00

Lockheed Martin (NYSE:LMT) had its price target upped by stock analysts at Deutsche Bank Aktiengesellschaft from $467.00 to $487.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “hold” rating on the aerospace company’s stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 5.58% from the stock’s current price.

Several other research analysts have also commented on LMT. UBS Group raised 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. The Goldman Sachs Group cut their price objective on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research report on Tuesday. Morgan Stanley cut their price objective on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Citigroup lifted their target price on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Royal Bank of Canada dropped their target price on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Lockheed Martin has an average rating of “Hold” and an average price target of $485.40.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $461.28 on Thursday. Lockheed Martin has a twelve month low of $393.77 and a twelve month high of $479.50. The stock has a market capitalization of $110.68 billion, a P/E ratio of 16.88, a PEG ratio of 4.20 and a beta of 0.48. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 2.89. The business’s fifty day moving average price is $443.74 and its 200 day moving average price is $444.46.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating the consensus estimate of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The company had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. During the same period last year, the company posted $6.43 earnings per share. The firm’s revenue was up 13.7% compared to the same quarter last year. As a group, research analysts anticipate that Lockheed Martin will post 26.04 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Maryanne Lavan sold 4,022 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the transaction, the insider now directly owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction 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 disclosure for this sale can be found here. Insiders sold 16,874 shares of company stock worth $7,249,946 over the last ninety days. Company insiders own 0.17% of the company’s stock.

Hedge Funds Weigh In On Lockheed Martin

Several hedge funds have recently bought and sold shares of LMT. Herold Advisors Inc. grew its position in shares of Lockheed Martin by 8.6% in the third quarter. Herold Advisors Inc. now owns 3,448 shares of the aerospace company’s stock valued at $1,410,000 after purchasing an additional 274 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Lockheed Martin by 3.8% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,088 shares of the aerospace company’s stock valued at $8,624,000 after purchasing an additional 770 shares during the last quarter. Alethea Capital Management LLC bought a new stake in shares of Lockheed Martin in the third quarter valued at about $415,000. New Mexico Educational Retirement Board lifted its stake in shares of Lockheed Martin by 6.4% in the third quarter. New Mexico Educational Retirement Board now owns 11,697 shares of the aerospace company’s stock valued at $4,784,000 after buying an additional 700 shares during the period. Finally, Gilbert & Cook Inc. lifted its stake in shares of Lockheed Martin by 22.8% in the third quarter. Gilbert & Cook Inc. now owns 1,275 shares of the aerospace company’s stock valued at $521,000 after buying an additional 237 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

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.