Lockheed Martin Co. (NYSE:LMT) Receives $555.60 Consensus Price Target from Analysts

Lockheed Martin Co. (NYSE:LMT) has been given an average recommendation of “Moderate Buy” by the fifteen research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $555.60.

LMT has been the subject of several analyst reports. Royal Bank of Canada lowered their price target on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a report on Wednesday, January 29th. StockNews.com lowered Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Truist Financial started coverage on Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target for the company. JPMorgan Chase & Co. dropped their price objective on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Finally, Wells Fargo & Company decreased their target price on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th.

Institutional Investors Weigh In On Lockheed Martin

Large investors have recently modified their holdings of the stock. Itau Unibanco Holding S.A. purchased a new stake in shares of Lockheed Martin in the third quarter valued at about $26,000. Burkett Financial Services LLC purchased a new stake in Lockheed Martin in the 3rd quarter valued at approximately $32,000. Heck Capital Advisors LLC acquired a new position in Lockheed Martin during the 4th quarter worth approximately $35,000. Capital Performance Advisors LLP purchased a new position in shares of Lockheed Martin during the 3rd quarter worth approximately $40,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Lockheed Martin in the 3rd quarter valued at approximately $42,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 1.0 %

Shares of NYSE LMT opened at $444.05 on Monday. The stock has a market cap of $104.52 billion, a P/E ratio of 19.95, a PEG ratio of 2.12 and a beta of 0.48. The business’s fifty day simple moving average is $484.84 and its 200-day simple moving average is $535.84. Lockheed Martin has a 12-month low of $413.92 and a 12-month high of $618.95. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, equities analysts predict that Lockheed Martin will post 27.14 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.97%. Lockheed Martin’s dividend payout ratio (DPR) is currently 59.30%.

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.