Lockheed Martin Co. (NYSE:LMT) Receives Average Recommendation of “Moderate Buy” from Analysts

Lockheed Martin Co. (NYSE:LMT) has earned an average rating of “Moderate Buy” from the fifteen brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $553.67.

LMT has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price target on Lockheed Martin from $497.00 to $468.00 and set an “equal weight” rating for the company in a report on Wednesday. Royal Bank of Canada decreased their target price on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. Truist Financial initiated coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price target for the company. Morgan Stanley decreased their price objective on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and cut their target price for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $446.38 on Friday. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The stock has a market capitalization of $105.07 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 2.07 and a beta of 0.48. The firm’s 50 day simple moving average is $466.57 and its 200-day simple moving average is $526.08. Lockheed Martin has a 12 month low of $419.70 and a 12 month high of $618.95.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Analysts expect that Lockheed Martin will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Itau Unibanco Holding S.A. purchased a new stake in shares of Lockheed Martin in the 3rd quarter valued at approximately $26,000. Millstone Evans Group LLC acquired a new stake in Lockheed Martin during the fourth quarter worth $32,000. Mizuho Securities Co. Ltd. purchased a new stake in Lockheed Martin in the fourth quarter valued at $34,000. Heck Capital Advisors LLC acquired a new position in shares of Lockheed Martin in the 4th quarter valued at $35,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Lockheed Martin during the 3rd quarter worth about $40,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

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.