Lockheed Martin Corporation (LMT) Earns Buy Rating from Argus

Lockheed Martin Corporation (LMT) Earns Buy Rating from Argus

Argus reissued their buy rating on shares of Lockheed Martin Corporation (NYSE:LMT) in a research note published on Sunday morning. They currently have a $290.00 price objective on the stock.

Several other equities analysts have also recently commented on the stock. Barclays PLC reissued an underweight rating and set a $245.00 target price (down previously from $250.00) on shares of Lockheed Martin Corporation in a research note on Monday, October 3rd. Stifel Nicolaus raised shares of Lockheed Martin Corporation from a hold rating to a buy rating and raised their target price for the company from $260.00 to $290.00 in a research note on Monday, November 14th. Citigroup Inc. reissued a buy rating on shares of Lockheed Martin Corporation in a research note on Wednesday, October 26th. Robert W. Baird reissued an outperform rating and set a $284.00 target price on shares of Lockheed Martin Corporation in a research note on Friday, January 20th. Finally, Vetr cut shares of Lockheed Martin Corporation from a buy rating to a hold rating and set a $260.42 target price on the stock. in a research note on Monday, January 2nd. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $274.61.

Lockheed Martin Corporation (NYSE:LMT) traded down 0.58% during trading on Friday, hitting $253.50. 2,597,749 shares of the stock were exchanged. The firm has a market cap of $73.97 billion, a PE ratio of 14.49 and a beta of 0.66. The stock’s 50-day moving average price is $253.62 and its 200-day moving average price is $250.70. Lockheed Martin Corporation has a 12-month low of $203.65 and a 12-month high of $269.90.

Lockheed Martin Corporation (NYSE:LMT) last released its quarterly earnings data on Tuesday, January 24th. The company reported $3.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.06 by $0.19. Lockheed Martin Corporation had a net margin of 10.41% and a return on equity of 151.34%. The business had revenue of $13.80 billion for the quarter, compared to analysts’ expectations of $13.03 billion. During the same quarter last year, the company earned $3.01 EPS. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. On average, equities analysts expect that Lockheed Martin Corporation will post $12.68 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Wednesday, March 1st will be given a dividend of $1.82 per share. This represents a $7.28 annualized dividend and a yield of 2.87%. The ex-dividend date is Monday, February 27th. Lockheed Martin Corporation’s payout ratio is presently 42.37%.

A number of institutional investors have recently modified their holdings of the stock. Moody Lynn & Lieberson LLC raised its position in Lockheed Martin Corporation by 4.0% in the second quarter. Moody Lynn & Lieberson LLC now owns 66,793 shares of the company’s stock worth $16,576,000 after buying an additional 2,577 shares in the last quarter. Waverton Investment Management Ltd raised its position in Lockheed Martin Corporation by 2.5% in the second quarter. Waverton Investment Management Ltd now owns 254,844 shares of the company’s stock worth $63,245,000 after buying an additional 6,108 shares in the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in Lockheed Martin Corporation during the second quarter worth approximately $125,819,000. Affinity Investment Advisors LLC raised its position in Lockheed Martin Corporation by 8.4% in the second quarter. Affinity Investment Advisors LLC now owns 61,564 shares of the company’s stock worth $15,278,000 after buying an additional 4,788 shares in the last quarter. Finally, Sabal Trust CO raised its position in Lockheed Martin Corporation by 1.2% in the second quarter. Sabal Trust CO now owns 107,442 shares of the company’s stock worth $26,664,000 after buying an additional 1,232 shares in the last quarter. 80.62% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Corporation Company Profile

Lockheed Martin Corporation is a global security and aerospace company. The Company is engaged in the research, design, integration and sustainment of advanced technology systems, products and services. It operates in five segments: Aeronautics; Information Systems & Global Solutions (IS&GS); Missiles and Fire Control (MFC); Mission Systems and Training (MST), and Space Systems.

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