Lockheed Martin (NYSE:LMT) Price Target Increased to $620.00 by Analysts at Deutsche Bank Aktiengesellschaft

by · The Cerbat Gem

Lockheed Martin (NYSE:LMT – Free Report) had its price objective boosted by Deutsche Bank Aktiengesellschaft from $600.00 to $620.00 in a research note released on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the aerospace company’s stock.

A number of other analysts have also recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Lockheed Martin from $518.00 to $560.00 and gave the stock an overweight rating in a research report on Thursday, July 25th. Melius Research raised Lockheed Martin to a strong-buy rating in a research report on Tuesday, September 3rd. StockNews.com downgraded shares of Lockheed Martin from a strong-buy rating to a buy rating in a report on Wednesday. Susquehanna upped their price target on shares of Lockheed Martin from $540.00 to $565.00 and gave the stock a positive rating in a research report on Wednesday, July 24th. Finally, Bank of America reiterated a buy rating and issued a $635.00 price objective on shares of Lockheed Martin in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Lockheed Martin presently has a consensus rating of Moderate Buy and a consensus target price of $562.54.

Check Out Our Latest Analysis on Lockheed Martin

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $605.13 on Thursday. The company has a market cap of $145.19 billion, a PE ratio of 22.14, a P/E/G ratio of 4.66 and a beta of 0.47. Lockheed Martin has a 12 month low of $393.77 and a 12 month high of $611.49. The company has a fifty day moving average price of $565.71 and a two-hundred day moving average price of $499.64. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.24 and a quick ratio of 1.07.

Lockheed Martin (NYSE:LMT – Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 EPS for the quarter, beating the consensus estimate of $6.45 by $0.66. The business had revenue of $18.12 billion during the quarter, compared to analyst estimates of $17.05 billion. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $6.73 EPS. Research analysts expect that Lockheed Martin will post 26.65 earnings per share for the current year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be paid a $3.30 dividend. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Monday, December 2nd. Lockheed Martin’s dividend payout ratio is currently 46.10%.

Insider Activity

In related news, insider Timothy S. Cahill sold 3,975 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the sale, the insider now owns 8,877 shares of the company’s stock, valued at $4,574,850.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LMT. HTLF Bank boosted its position in shares of Lockheed Martin by 3.7% during the 2nd quarter. HTLF Bank now owns 565 shares of the aerospace company’s stock valued at $264,000 after purchasing an additional 20 shares in the last quarter. tru Independence LLC grew its position in Lockheed Martin by 2.5% in the second quarter. tru Independence LLC now owns 827 shares of the aerospace company’s stock worth $386,000 after buying an additional 20 shares during the last quarter. Sachetta LLC increased its holdings in shares of Lockheed Martin by 50.0% in the second quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after buying an additional 20 shares in the last quarter. Twin Lakes Capital Management LLC lifted its position in shares of Lockheed Martin by 1.3% during the 2nd quarter. Twin Lakes Capital Management LLC now owns 1,527 shares of the aerospace company’s stock valued at $713,000 after acquiring an additional 20 shares during the last quarter. Finally, Goldstein Advisors LLC boosted its stake in shares of Lockheed Martin by 1.2% during the 2nd quarter. Goldstein Advisors LLC now owns 1,731 shares of the aerospace company’s stock worth $809,000 after acquiring an additional 21 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Company Profile

(Get Free Report)

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.

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