Lockheed Martin (NYSE:LMT)‘s stock had its “neutral” rating restated by Credit Suisse Group in a note issued to investors on Friday.

LMT has been the subject of a number of other reports. Zacks Investment Research upgraded Lockheed Martin from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Royal Bank of Canada dropped their price target on Lockheed Martin from $327.00 to $316.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 25th. Deutsche Bank restated a “buy” rating and issued a $340.00 price target (up from $305.00) on shares of Lockheed Martin in a research report on Monday, October 2nd. Vetr lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating and set a $349.96 price target for the company. in a research report on Monday, November 20th. Finally, Wells Fargo & Co lowered Lockheed Martin from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 16th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $330.42.

Shares of Lockheed Martin (LMT) opened at $332.00 on Friday. The company has a current ratio of 1.32, a quick ratio of 0.95 and a debt-to-equity ratio of 6.56. The company has a market capitalization of $95,200.00, a P/E ratio of 26.93, a price-to-earnings-growth ratio of 3.27 and a beta of 0.58. Lockheed Martin has a 52 week low of $248.00 and a 52 week high of $336.67.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, October 24th. The aerospace company reported $3.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.26 by ($0.02). The company had revenue of $12.17 billion during the quarter, compared to analysts’ expectations of $12.83 billion. Lockheed Martin had a net margin of 7.31% and a return on equity of 221.41%. Lockheed Martin’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $3.61 earnings per share. equities analysts anticipate that Lockheed Martin will post 13.11 earnings per share for the current year.

Lockheed Martin declared that its Board of Directors has authorized a stock repurchase program on Thursday, September 28th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the aerospace company to repurchase up to 2.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

In other Lockheed Martin news, Director Daniel F. Akerson acquired 2,500 shares of the stock in a transaction that occurred on Wednesday, October 25th. The stock was bought at an average cost of $312.02 per share, for a total transaction of $780,050.00. Following the completion of the transaction, the director now owns 7,432 shares of the company’s stock, valued at approximately $2,318,932.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dale P. Bennett sold 2,000 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $313.75, for a total value of $627,500.00. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company’s stock.

A hedge fund recently bought a new stake in Lockheed Martin stock. Buckingham Capital Management Inc. purchased a new position in shares of Lockheed Martin Co. (NYSE:LMT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 670 shares of the aerospace company’s stock, valued at approximately $208,000. 78.81% of the stock is currently owned by institutional investors and hedge funds.

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Lockheed Martin Company Profile

Lockheed Martin Corporation is a security and aerospace company. The Company operates through four segments. Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies.

Analyst Recommendations for Lockheed Martin (NYSE:LMT)

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