Lockheed Martin Corporation (LMT) Upgraded at Vetr Inc.

Lockheed Martin Corporation (LMT) Upgraded at Vetr Inc.

Vetr upgraded shares of Lockheed Martin Corporation (NYSE:LMT) from a hold rating to a buy rating in a research report report published on Tuesday. Vetr currently has $265.06 price target on the stock.

A number of other brokerages also recently commented on LMT. Robert W. Baird restated an outperform rating and set a $284.00 price objective on shares of Lockheed Martin Corporation in a research note on Friday, January 20th. Royal Bank Of Canada initiated coverage on Lockheed Martin Corporation in a research note on Thursday, January 12th. They set a sector perform rating and a $265.00 price objective for the company. RBC Capital Markets initiated coverage on Lockheed Martin Corporation in a research note on Thursday, January 12th. They set a sector perform rating and a $265.00 price objective for the company. Zacks Investment Research upgraded Lockheed Martin Corporation from a hold rating to a strong-buy rating and set a $288.00 price objective for the company in a research note on Tuesday, January 3rd. Finally, Vertical Group restated a hold rating and set a $281.00 price objective on shares of Lockheed Martin Corporation in a research note on Friday, December 23rd. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Lockheed Martin Corporation currently has an average rating of Hold and a consensus price target of $274.61.

Lockheed Martin Corporation (NYSE:LMT) traded up 0.56% on Tuesday, hitting $256.39. The stock had a trading volume of 429,818 shares. The company has a market cap of $74.81 billion, a PE ratio of 14.66 and a beta of 0.66. The stock has a 50-day moving average of $253.79 and a 200-day moving average of $250.70. Lockheed Martin Corporation has a one year low of $203.65 and a one year high of $269.90.

Lockheed Martin Corporation (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 24th. The company reported $3.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.06 by $0.19. Lockheed Martin Corporation had a return on equity of 151.34% and a net margin of 10.41%. The business earned $13.80 billion during the quarter, compared to the consensus estimate of $13.03 billion. During the same period in the previous year, the business earned $3.01 EPS. The business’s quarterly revenue was up 19.4% on a year-over-year basis. Equities analysts expect that Lockheed Martin Corporation will post $12.87 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Stockholders of record on Wednesday, March 1st will be issued a dividend of $1.82 per share. This represents a $7.28 annualized dividend and a dividend yield of 2.86%. Lockheed Martin Corporation’s dividend payout ratio is 42.37%.

A number of large investors have recently made changes to their positions in LMT. Arrow Financial Corp increased its stake in shares of Lockheed Martin Corporation by 3.5% in the second quarter. Arrow Financial Corp now owns 439 shares of the company’s stock valued at $109,000 after buying an additional 15 shares in the last quarter. Signaturefd LLC increased its stake in shares of Lockheed Martin Corporation by 14.9% in the second quarter. Signaturefd LLC now owns 546 shares of the company’s stock valued at $135,000 after buying an additional 71 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Lockheed Martin Corporation by 24.4% in the second quarter. Quadrant Capital Group LLC now owns 684 shares of the company’s stock valued at $161,000 after buying an additional 134 shares in the last quarter. Diversified Trust Co acquired a new stake in shares of Lockheed Martin Corporation during the second quarter valued at about $201,000. Finally, First Heartland Consultants Inc. acquired a new stake in shares of Lockheed Martin Corporation during the second quarter valued at about $205,000. 80.62% of the stock is owned by hedge funds and other institutional investors.

About Lockheed Martin Corporation

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.

To view Vetr’s full report, visit Vetr’s official website.

Related posts

Leave a Comment