Lockheed Martin (NYSE:LMT) had its target price raised by equities research analysts at Barclays from $340.00 to $370.00 in a research report issued on Thursday, BenzingaRatingsTable reports. The firm currently has an “equal weight” rating on the aerospace company’s stock. Barclays‘s target price indicates a potential upside of 10.06% from the company’s current price.
Several other equities analysts have also issued reports on the company. Morgan Stanley boosted their target price on Lockheed Martin from $300.00 to $324.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 13th. ValuEngine upgraded Lockheed Martin from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. Credit Suisse Group restated a “hold” rating and set a $297.00 target price on shares of Lockheed Martin in a research report on Wednesday, January 23rd. Jefferies Financial Group restated a “hold” rating and set a $313.00 target price on shares of Lockheed Martin in a research report on Tuesday, February 5th. Finally, Bank of America restated a “buy” rating and set a $390.00 target price on shares of Lockheed Martin in a research report on Wednesday, January 30th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Lockheed Martin currently has an average rating of “Buy” and an average price target of $355.13.
Lockheed Martin stock opened at $336.17 on Thursday. The stock has a market cap of $94.76 billion, a PE ratio of 18.83, a P/E/G ratio of 2.33 and a beta of 1.04. Lockheed Martin has a 1 year low of $241.18 and a 1 year high of $351.35. The company has a debt-to-equity ratio of 5.00, a current ratio of 1.17 and a quick ratio of 0.96.
Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, April 23rd. The aerospace company reported $5.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.29 by $1.70. The company had revenue of $14.34 billion during the quarter, compared to analyst estimates of $12.48 billion. Lockheed Martin had a return on equity of 415.92% and a net margin of 9.91%. The company’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period in the previous year, the company earned $4.02 EPS. Equities analysts forecast that Lockheed Martin will post 20.53 EPS for the current year.
In related news, VP Brian P. Colan sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $304.56, for a total transaction of $1,218,240.00. Following the transaction, the vice president now owns 2,489 shares in the company, valued at approximately $758,049.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ilene S. Gordon bought 750 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The stock was bought at an average cost of $306.04 per share, for a total transaction of $229,530.00. Following the completion of the acquisition, the director now owns 750 shares in the company, valued at approximately $229,530. The disclosure for this purchase can be found here. In the last three months, insiders sold 72,949 shares of company stock valued at $22,403,743. Insiders own 0.35% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Advisors Preferred LLC bought a new position in shares of Lockheed Martin in the 1st quarter valued at about $26,000. Heritage Wealth Advisors lifted its holdings in shares of Lockheed Martin by 304.3% in the 1st quarter. Heritage Wealth Advisors now owns 93 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 70 shares during the last quarter. Bremer Trust National Association bought a new position in shares of Lockheed Martin in the 4th quarter valued at about $25,000. ERTS Wealth Advisors LLC bought a new position in shares of Lockheed Martin in the 4th quarter valued at about $26,000. Finally, Lake Point Wealth Management bought a new position in shares of Lockheed Martin in the 4th quarter valued at about $26,000. Hedge funds and other institutional investors own 78.10% of the company’s stock.
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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
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