Lockheed Martin (NYSE:LMT) Price Target Lowered to $550.00 at Susquehanna

Lockheed Martin (NYSE:LMT) had its price target cut by Susquehanna from $590.00 to $550.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a positive rating on the aerospace company’s stock.

Other research analysts also recently issued research reports about the company. UBS Group reduced their price target on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a report on Wednesday. Robert W. Baird upped their target price on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. TD Cowen upped their target price on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and reduced their target price for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. reduced their target price on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $556.13.

Lockheed Martin Trading Down 0.7 %

NYSE LMT opened at $454.18 on Wednesday. Lockheed Martin has a 1-year low of $413.92 and a 1-year high of $618.95. The firm has a market cap of $107.66 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The stock has a 50-day moving average of $497.18 and a 200-day moving average of $537.55.

Lockheed Martin (NYSE:LMT) last announced 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 101.44% and a net margin of 9.36%. As a group, sell-side analysts forecast that Lockheed Martin will post 26.89 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 2.91%. Lockheed Martin’s payout ratio is currently 47.79%.

Institutional Trading of Lockheed Martin

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its stake in Lockheed Martin by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,827,645 shares of the aerospace company’s stock valued at $2,816,898,000 after purchasing an additional 83,997 shares during the last quarter. FMR LLC boosted its stake in Lockheed Martin by 6.6% during the 3rd quarter. FMR LLC now owns 3,389,025 shares of the aerospace company’s stock valued at $1,981,088,000 after purchasing an additional 209,591 shares during the last quarter. Wellington Management Group LLP boosted its stake in Lockheed Martin by 8.5% during the 3rd quarter. Wellington Management Group LLP now owns 3,074,855 shares of the aerospace company’s stock valued at $1,797,437,000 after purchasing an additional 240,306 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Lockheed Martin by 60,592.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company’s stock valued at $911,433,000 after purchasing an additional 1,556,609 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in Lockheed Martin by 2.1% during the 3rd quarter. Bank of Montreal Can now owns 656,807 shares of the aerospace company’s stock valued at $382,498,000 after purchasing an additional 13,253 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

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.