Lockheed Martin (NYSE:LMT) Earns “Hold” Rating from Barclays

Barclays reiterated their hold rating on shares of Lockheed Martin (NYSE:LMT) in a research note published on Wednesday, AnalystRatings.com reports. Barclays currently has a $410.00 price target on the aerospace company’s stock.

Several other equities analysts have also issued reports on LMT. JPMorgan Chase & Co. lifted their price objective on shares of Lockheed Martin from $360.00 to $395.00 and gave the company a neutral rating in a report on Wednesday, July 24th. Morgan Stanley lifted their price objective on shares of Lockheed Martin from $356.00 to $376.00 and gave the company an equal weight rating in a report on Wednesday, August 14th. Credit Suisse Group lifted their price objective on shares of Lockheed Martin from $369.00 to $379.00 and gave the company a neutral rating in a report on Wednesday, July 24th. DZ Bank reaffirmed a hold rating on shares of Lockheed Martin in a report on Thursday, July 25th. Finally, UBS Group lifted their price target on shares of Lockheed Martin from $385.00 to $420.00 and gave the stock a buy rating in a report on Wednesday, July 10th. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Lockheed Martin has a consensus rating of Buy and an average target price of $372.64.

LMT stock traded down $5.41 during trading on Wednesday, hitting $381.47. 1,220,629 shares of the company’s stock traded hands, compared to its average volume of 1,106,083. The firm has a market capitalization of $109.25 billion, a P/E ratio of 21.37, a PEG ratio of 2.57 and a beta of 0.96. The business has a fifty day simple moving average of $385.55 and a two-hundred day simple moving average of $354.71. The company has a quick ratio of 0.96, a current ratio of 1.20 and a debt-to-equity ratio of 4.36. Lockheed Martin has a 1 year low of $241.18 and a 1 year high of $399.96.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $5.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.74 by $0.26. The company had revenue of $14.42 billion for the quarter, compared to analyst estimates of $14.17 billion. Lockheed Martin had a net margin of 10.18% and a return on equity of 297.37%. Lockheed Martin’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company posted $4.31 earnings per share. On average, equities research analysts predict that Lockheed Martin will post 21.22 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be issued a $2.40 dividend. This is a positive change from Lockheed Martin’s previous quarterly dividend of $2.20. This represents a $9.60 annualized dividend and a yield of 2.52%. The ex-dividend date is Friday, November 29th. Lockheed Martin’s payout ratio is currently 49.30%.

In other news, Director James D. Taiclet, Jr. purchased 1,354 shares of the business’s stock in a transaction on Friday, August 9th. The shares were acquired at an average cost of $376.32 per share, with a total value of $509,537.28. Following the completion of the acquisition, the director now owns 1,354 shares of the company’s stock, valued at $509,537.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Maryanne Lavan sold 1,003 shares of Lockheed Martin stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $365.50, for a total transaction of $366,596.50. Following the completion of the transaction, the senior vice president now directly owns 1,478 shares in the company, valued at $540,209. The disclosure for this sale can be found here. Insiders sold 22,503 shares of company stock worth $8,292,527 over the last ninety days. Corporate insiders own 0.35% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. OmniStar Financial Group Inc. grew its holdings in shares of Lockheed Martin by 8.4% during the third quarter. OmniStar Financial Group Inc. now owns 3,719 shares of the aerospace company’s stock valued at $1,451,000 after buying an additional 287 shares during the last quarter. Rothschild Investment Corp IL grew its holdings in shares of Lockheed Martin by 10.9% during the third quarter. Rothschild Investment Corp IL now owns 8,854 shares of the aerospace company’s stock valued at $3,454,000 after buying an additional 871 shares during the last quarter. Verity & Verity LLC grew its holdings in shares of Lockheed Martin by 1.9% during the third quarter. Verity & Verity LLC now owns 29,578 shares of the aerospace company’s stock valued at $11,376,000 after buying an additional 553 shares during the last quarter. Clarus Wealth Advisors grew its holdings in shares of Lockheed Martin by 21.7% during the third quarter. Clarus Wealth Advisors now owns 13,713 shares of the aerospace company’s stock valued at $5,349,000 after buying an additional 2,449 shares during the last quarter. Finally, Northside Capital Management LLC purchased a new stake in shares of Lockheed Martin during the third quarter valued at $245,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Analyst Recommendations for Lockheed Martin (NYSE:LMT)

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