Lockheed Martin (NYSE:LMT) Lowered to Buy Rating by Wall Street Zen

Wall Street Zen cut shares of Lockheed Martin (NYSE:LMT) from a strong-buy rating to a buy rating in a report issued on Saturday morning.

Other analysts also recently issued reports about the stock. Morgan Stanley lifted their price target on shares of Lockheed Martin from $530.00 to $630.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lockheed Martin in a report on Wednesday, October 8th. Truist Financial increased their price target on Lockheed Martin from $440.00 to $500.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Robert W. Baird raised their price target on Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Finally, Bank of America decreased their price objective on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a report on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $508.72.

Lockheed Martin Stock Performance

NYSE:LMT opened at $480.03 on Friday. The stock has a 50-day moving average price of $476.03 and a 200 day moving average price of $465.61. The stock has a market capitalization of $111.08 billion, a P/E ratio of 26.80, a P/E/G ratio of 1.39 and a beta of 0.24. Lockheed Martin has a 12-month low of $410.11 and a 12-month high of $516.00. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, topping the consensus estimate of $6.33 by $0.62. The business had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company posted $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Equities research analysts forecast that Lockheed Martin will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be given a $3.45 dividend. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, December 1st. Lockheed Martin’s dividend payout ratio is 77.05%.

Insiders Place Their Bets

In other news, COO John Frank A. St sold 7,792 shares of the stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total value of $3,826,183.68. Following the sale, the chief operating officer owned 1 shares of the company’s stock, valued at approximately $491.04. This represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.14% of the stock is owned by company insiders.

Institutional Trading of Lockheed Martin

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LMT. United Financial Planning Group LLC purchased a new stake in Lockheed Martin in the third quarter valued at about $25,000. Grey Fox Wealth Advisors LLC acquired a new position in shares of Lockheed Martin during the third quarter valued at about $27,000. Barnes Dennig Private Wealth Management LLC raised its position in shares of Lockheed Martin by 285.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 40 shares during the last quarter. Mid American Wealth Advisory Group Inc. acquired a new stake in Lockheed Martin in the 2nd quarter worth approximately $28,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Lockheed Martin in the 2nd quarter worth approximately $29,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

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.