Lockheed Martin Co. (NYSE:LMT) Receives $591.21 Consensus Price Target from Analysts

Shares of Lockheed Martin Co. (NYSE:LMT) have been assigned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $591.21.

LMT has been the topic of several analyst reports. Robert W. Baird boosted their target price on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. TD Cowen upped their price target on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Citigroup upped their price target on Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, October 10th. UBS Group upped their price target on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Finally, Susquehanna lowered their target price on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a report on Wednesday.

Institutional Investors Weigh In On Lockheed Martin

A number of institutional investors and hedge funds have recently modified their holdings of the business. West Oak Capital LLC lifted its stake in shares of Lockheed Martin by 277.9% during the 4th quarter. West Oak Capital LLC now owns 18,761 shares of the aerospace company’s stock worth $9,117,000 after acquiring an additional 13,796 shares during the last quarter. RMR Wealth Builders increased its holdings in Lockheed Martin by 10.5% during the 4th quarter. RMR Wealth Builders now owns 3,124 shares of the aerospace company’s stock worth $1,518,000 after purchasing an additional 296 shares during the period. Tilia Fiduciary Partners Inc. increased its holdings in Lockheed Martin by 1.9% during the 4th quarter. Tilia Fiduciary Partners Inc. now owns 1,771 shares of the aerospace company’s stock worth $861,000 after purchasing an additional 33 shares during the period. Sugarloaf Wealth Management LLC increased its holdings in Lockheed Martin by 4.9% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 772 shares of the aerospace company’s stock worth $375,000 after purchasing an additional 36 shares during the period. Finally, Sage Capital Advisors llc increased its holdings in Lockheed Martin by 0.3% during the 4th quarter. Sage Capital Advisors llc now owns 10,039 shares of the aerospace company’s stock worth $4,878,000 after purchasing an additional 32 shares during the period. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Price Performance

Shares of LMT stock opened at $467.84 on Thursday. The stock has a market cap of $110.89 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 4.05 and a beta of 0.48. The business’s fifty day moving average is $511.39 and its 200 day moving average is $534.87. Lockheed Martin has a twelve month low of $413.92 and a twelve month high of $618.95. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping the consensus estimate of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The company had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. During the same period in the prior year, the firm earned $6.77 earnings per share. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. Research analysts expect that Lockheed Martin will post 26.88 EPS for the current fiscal year.

About Lockheed Martin

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.