Lockheed Martin (NYSE:LMT) Stock Rating Upgraded by StockNews.com

Lockheed Martin (NYSE:LMT) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday.

Several other analysts have also recently weighed in on the stock. UBS Group upped their price objective on shares of Lockheed Martin from $511.00 to $538.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. TD Cowen upgraded shares of Lockheed Martin to a “strong-buy” rating in a research report on Tuesday. Royal Bank of Canada increased their price objective on shares of Lockheed Martin from $600.00 to $675.00 and gave the company an “outperform” rating in a report on Monday, October 7th. Morgan Stanley upped their target price on shares of Lockheed Martin from $503.00 to $599.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. Finally, Bank of America reissued a “buy” rating and set a $635.00 price objective on shares of Lockheed Martin in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $581.77.

Lockheed Martin Stock Up 1.1 %

LMT stock opened at $604.27 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 3.10. Lockheed Martin has a 1 year low of $413.92 and a 1 year high of $611.59. The company has a fifty day simple moving average of $572.03 and a 200 day simple moving average of $504.82. The firm has a market cap of $144.03 billion, a PE ratio of 21.93, a PEG ratio of 4.84 and a beta of 0.47.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share for the quarter, topping analysts’ consensus estimates of $6.45 by $0.66. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The firm had revenue of $18.12 billion during the quarter, compared to analyst estimates of $17.05 billion. During the same quarter in the previous year, the business earned $6.73 EPS. The business’s revenue was up 8.6% on a year-over-year basis. Sell-side analysts anticipate that Lockheed Martin will post 26.68 EPS for the current fiscal year.

Insider Buying and Selling

In other Lockheed Martin news, insider Timothy S. Cahill sold 3,975 shares of the company’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the transaction, the insider now owns 8,877 shares in the company, valued at approximately $4,574,850.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.17% of the stock is owned by insiders.

Institutional Trading of Lockheed Martin

Large investors have recently added to or reduced their stakes in the stock. BlueCrest Capital Management Ltd bought a new position in Lockheed Martin during the fourth quarter worth about $724,000. Bontempo Ohly Capital Mgmt LLC boosted its position in Lockheed Martin by 3.4% during the fourth quarter. Bontempo Ohly Capital Mgmt LLC now owns 8,610 shares of the aerospace company’s stock worth $3,902,000 after purchasing an additional 283 shares during the period. Grayhawk Investment Strategies Inc. bought a new position in Lockheed Martin during the fourth quarter worth about $277,000. Oracle Alpha Inc. bought a new position in Lockheed Martin during the fourth quarter worth about $480,000. Finally, Occudo Quantitative Strategies LP boosted its position in shares of Lockheed Martin by 72.3% in the fourth quarter. Occudo Quantitative Strategies LP now owns 13,422 shares of the aerospace company’s stock valued at $6,083,000 after acquiring an additional 5,634 shares during the period. 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.