Lockheed Martin Co. (NYSE:LMT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Lockheed Martin Co. (NYSE:LMT) has received a consensus recommendation of “Moderate Buy” from the fifteen research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $555.60.

A number of brokerages have recently weighed in on LMT. Barclays lowered their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Susquehanna decreased their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research note on Wednesday, January 29th. Royal Bank of Canada dropped their price target on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. Truist Financial assumed coverage on Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and lowered their target price for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd.

Hedge Funds Weigh In On Lockheed Martin

Several large investors have recently bought and sold shares of the stock. Itau Unibanco Holding S.A. bought a new position in shares of Lockheed Martin during the 3rd quarter worth approximately $26,000. Burkett Financial Services LLC bought a new stake in Lockheed Martin during the third quarter worth about $32,000. Heck Capital Advisors LLC acquired a new stake in shares of Lockheed Martin during the fourth quarter worth approximately $35,000. Capital Performance Advisors LLP bought a new stake in shares of Lockheed Martin during the third quarter worth $40,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Lockheed Martin in the third quarter valued at $42,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Trading Down 1.0 %

Shares of NYSE:LMT opened at $444.05 on Monday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The stock has a market capitalization of $104.52 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 2.96 and a beta of 0.48. Lockheed Martin has a 1-year low of $413.92 and a 1-year high of $618.95. The company has a 50 day moving average price of $486.55 and a 200 day moving average price of $535.81.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, research analysts anticipate that Lockheed Martin will post 27.29 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.97%. Lockheed Martin’s payout ratio is 59.30%.

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.