Barclays Cuts Lockheed Martin (NYSE:LMT) Price Target to $515.00

Lockheed Martin (NYSE:LMT) had its price objective decreased by Barclays from $565.00 to $515.00 in a research note published on Monday,Benzinga reports. Barclays currently has an equal weight rating on the aerospace company’s stock.

Other equities research analysts also recently issued research reports about the company. StockNews.com downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. UBS Group boosted their price target on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Susquehanna dropped their price objective on shares of Lockheed Martin from $705.00 to $695.00 and set a “positive” rating on the stock in a research note on Wednesday, October 23rd. Citigroup boosted their target price on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Royal Bank of Canada dropped their price target on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $591.21.

Lockheed Martin Stock Performance

NYSE:LMT opened at $468.61 on Monday. The company has a market capitalization of $111.08 billion, a PE ratio of 16.97, a P/E/G ratio of 4.05 and a beta of 0.48. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. Lockheed Martin has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. The company has a 50 day simple moving average of $514.50 and a two-hundred day simple moving average of $534.89.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $0.34. The business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. Lockheed Martin’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $6.77 earnings per share. Research analysts anticipate that Lockheed Martin will post 26.88 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lantz Financial LLC increased its position in Lockheed Martin by 2.6% in the second quarter. Lantz Financial LLC now owns 4,882 shares of the aerospace company’s stock worth $2,281,000 after buying an additional 123 shares during the last quarter. Savant Capital LLC lifted its holdings in Lockheed Martin by 12.4% during the second quarter. Savant Capital LLC now owns 7,715 shares of the aerospace company’s stock valued at $3,604,000 after purchasing an additional 852 shares during the last quarter. Strategic Financial Concepts LLC boosted its position in Lockheed Martin by 27,457.9% during the second quarter. Strategic Financial Concepts LLC now owns 132,278 shares of the aerospace company’s stock worth $618,000 after purchasing an additional 131,798 shares during the period. Chris Bulman Inc purchased a new position in shares of Lockheed Martin in the second quarter worth about $62,000. Finally, Acadian Asset Management LLC raised its position in shares of Lockheed Martin by 31.0% in the second quarter. Acadian Asset Management LLC now owns 33,130 shares of the aerospace company’s stock valued at $15,467,000 after purchasing an additional 7,847 shares during the period. 74.19% of the stock is currently 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.