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

Lockheed Martin (NYSE:LMT) had its price objective lifted by Deutsche Bank Aktiengesellschaft from $467.00 to $487.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “hold” rating on the aerospace company’s stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 6.07% from the stock’s previous close.

A number of other brokerages also recently commented on LMT. JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $475.00 to $518.00 in a research note on Monday, April 15th. Royal Bank of Canada lowered their target price on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 24th. Morgan Stanley lowered 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. UBS Group boosted 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, The Goldman Sachs Group reduced their price target on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $481.40.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $459.13 on Thursday. Lockheed Martin has a 1-year low of $393.77 and a 1-year high of $480.92. 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 company has a market capitalization of $110.42 billion, a price-to-earnings ratio of 16.80, a P/E/G ratio of 4.21 and a beta of 0.48. The stock’s fifty day simple moving average is $442.16 and its 200-day simple moving average is $444.14.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The business had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. During the same quarter in the previous year, the company posted $6.43 earnings per share. Lockheed Martin’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, sell-side analysts predict that Lockheed Martin will post 26.04 earnings per share for the current fiscal year.

Insider Activity

In other news, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 value of $1,747,116.58. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 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 ninety days, insiders have sold 16,874 shares of company stock worth $7,249,946. Company insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On Lockheed Martin

Large investors have recently bought and sold shares of the business. First Pacific Financial bought a new stake in Lockheed Martin during the 1st quarter worth approximately $25,000. Altshuler Shaham Ltd acquired a new position in Lockheed Martin during the 4th quarter worth $26,000. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in Lockheed Martin by 73.0% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock worth $26,000 after buying an additional 27 shares in the last quarter. Activest Wealth Management lifted its holdings in Lockheed Martin by 1,200.0% during the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after buying an additional 60 shares in the last quarter. Finally, Milestone Investment Advisors LLC acquired a new position in Lockheed Martin during the 3rd quarter worth $33,000. 74.19% of the stock is currently owned by institutional investors.

About Lockheed Martin

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.