Lockheed Martin Co. (NYSE:LMT) has been given an average rating of “Buy” by the eighteen analysts that are covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $374.16.
LMT has been the topic of several recent analyst reports. Bank of America set a $360.00 price objective on Lockheed Martin and gave the stock a “buy” rating in a report on Friday, October 27th. Royal Bank of Canada set a $314.00 price objective on Lockheed Martin and gave the stock a “hold” rating in a report on Wednesday, November 15th. Vetr downgraded Lockheed Martin from a “buy” rating to a “hold” rating and set a $332.40 price objective on the stock. in a report on Thursday, January 4th. Stifel Nicolaus boosted their price objective on Lockheed Martin from $320.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Finally, Wells Fargo & Co downgraded Lockheed Martin from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 16th.
Shares of Lockheed Martin (NYSE LMT) traded up $1.26 during trading on Tuesday, reaching $361.79. 362,181 shares of the company’s stock traded hands, compared to its average volume of 1,579,626. The company has a current ratio of 1.38, a quick ratio of 1.03 and a debt-to-equity ratio of -22.19. Lockheed Martin has a 12-month low of $263.18 and a 12-month high of $363.00. The company has a market capitalization of $102,960.00, a PE ratio of 27.51, a PEG ratio of 3.18 and a beta of 0.73.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Thursday, March 1st will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $8.00 annualized dividend and a yield of 2.21%. Lockheed Martin’s dividend payout ratio (DPR) is presently 61.12%.
In other Lockheed Martin news, Chairman Marillyn A. Hewson sold 19,000 shares of Lockheed Martin stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $346.74, for a total transaction of $6,588,060.00. Following the transaction, the chairman now owns 80,478 shares of the company’s stock, valued at approximately $27,904,941.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Richard F. Ambrose sold 7,517 shares of Lockheed Martin stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $357.89, for a total value of $2,690,259.13. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,517 shares of company stock worth $9,905,819. 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. bought a new position in shares of Lockheed Martin Co. (NYSE:LMT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 670 shares of the aerospace company’s stock, valued at approximately $208,000. Hedge funds and other institutional investors own 78.71% of the company’s stock.
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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.
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