Lockheed Martin (NYSE:LMT) PT Raised to $525.00 at Citigroup

Lockheed Martin (NYSE:LMT) had its price target upped by equities research analysts at Citigroup from $508.00 to $525.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the aerospace company’s stock. Citigroup’s target price indicates a potential upside of 14.07% from the stock’s previous close.

Several other research analysts have also recently weighed in on LMT. Royal Bank of Canada reduced their price objective on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 24th. UBS Group raised their price target on Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised their price target on Lockheed Martin from $438.00 to $472.00 in a research note on Monday, January 22nd. Susquehanna decreased their price target on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research note on Wednesday, January 24th. Finally, Morgan Stanley decreased their price target on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $479.90.

Lockheed Martin Trading Up 0.0 %

NYSE LMT traded up $0.17 on Wednesday, reaching $460.25. The company had a trading volume of 571,560 shares, compared to its average volume of 1,168,990. Lockheed Martin has a 52 week low of $393.77 and a 52 week high of $480.92. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 2.53. The stock has a market cap of $110.69 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 4.21 and a beta of 0.48. The stock’s 50 day moving average is $441.34 and its 200-day moving average is $444.04.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The firm had revenue of $17.20 billion during the quarter, compared to analysts’ expectations of $16.04 billion. During the same period in the previous year, the firm earned $6.43 earnings per share. The company’s revenue was up 13.7% on a year-over-year basis. Equities analysts predict that Lockheed Martin will post 26.13 earnings per share for the current year.

Insider Buying and Selling

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,874 shares of company stock valued at $7,249,946. Insiders own 0.14% of the company’s stock.

Institutional Trading of Lockheed Martin

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Triumph Capital Management lifted its holdings in shares of Lockheed Martin by 3.1% in the 3rd quarter. Triumph Capital Management now owns 723 shares of the aerospace company’s stock worth $296,000 after acquiring an additional 22 shares during the last quarter. Abbrea Capital LLC increased its stake in Lockheed Martin by 1.7% during the 3rd quarter. Abbrea Capital LLC now owns 1,397 shares of the aerospace company’s stock worth $571,000 after buying an additional 23 shares during the period. Pinnacle Wealth Planning Services Inc. increased its stake in Lockheed Martin by 1.6% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,429 shares of the aerospace company’s stock worth $584,000 after buying an additional 23 shares during the period. Duncker Streett & Co. Inc. increased its stake in Lockheed Martin by 1.2% during the 3rd quarter. Duncker Streett & Co. Inc. now owns 2,013 shares of the aerospace company’s stock worth $823,000 after buying an additional 24 shares during the period. Finally, Compagnie Lombard Odier SCmA increased its stake in Lockheed Martin by 0.7% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 3,375 shares of the aerospace company’s stock worth $1,380,000 after buying an additional 25 shares during the period. 74.19% of the stock is owned by 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.