Lockheed Martin (NYSE:LMT) had its price objective reduced by Barclays from $369.00 to $325.00 in a research note published on Tuesday morning. Barclays currently has an equal weight rating on the aerospace company’s stock.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research cut Lockheed Martin from a buy rating to a hold rating in a research note on Friday, October 12th. JPMorgan Chase & Co. decreased their price objective on Lockheed Martin from $395.00 to $370.00 and set a neutral rating for the company in a research note on Wednesday, October 24th. UBS Group assumed coverage on Lockheed Martin in a research note on Wednesday, August 15th. They issued a buy rating and a $400.00 price objective for the company. Credit Suisse Group lifted their price objective on Lockheed Martin from $340.00 to $368.00 and gave the company a neutral rating in a research note on Wednesday, October 3rd. Finally, Morgan Stanley set a $386.00 target price on Lockheed Martin and gave the stock a buy rating in a research note on Thursday, October 11th. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Lockheed Martin has a consensus rating of Buy and a consensus price target of $373.13.

Shares of LMT opened at $285.40 on Tuesday. The company has a debt-to-equity ratio of 13.46, a current ratio of 1.11 and a quick ratio of 0.91. The stock has a market capitalization of $81.45 billion, a PE ratio of 21.41, a P/E/G ratio of 2.70 and a beta of 0.88. Lockheed Martin has a 1 year low of $277.20 and a 1 year high of $363.00.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, October 23rd. The aerospace company reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.31 by $0.83. The business had revenue of $14.32 billion during the quarter, compared to analysts’ expectations of $13.10 billion. Lockheed Martin had a return on equity of 2,680.55% and a net margin of 5.78%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the business posted $3.24 EPS. As a group, sell-side analysts expect that Lockheed Martin will post 17.71 EPS for the current year.

Lockheed Martin announced that its Board of Directors has authorized a share buyback plan on Thursday, September 27th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the aerospace company to buy up to 1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Monday, December 3rd will be paid a $2.20 dividend. The ex-dividend date is Friday, November 30th. This represents a $8.80 dividend on an annualized basis and a yield of 3.08%. This is a boost from Lockheed Martin’s previous quarterly dividend of $2.00. Lockheed Martin’s payout ratio is currently 66.02%.

In other Lockheed Martin news, VP Bruce L. Tanner sold 11,203 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $308.49, for a total value of $3,456,013.47. Following the completion of the sale, the vice president now owns 79,770 shares in the company, valued at $24,608,247.30. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.35% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Canton Hathaway LLC purchased a new stake in Lockheed Martin in the third quarter valued at approximately $104,000. Amussen Hunsaker Associates LLC lifted its stake in Lockheed Martin by 159.1% in the third quarter. Amussen Hunsaker Associates LLC now owns 342 shares of the aerospace company’s stock valued at $118,000 after buying an additional 210 shares during the last quarter. FTB Advisors Inc. lifted its stake in Lockheed Martin by 142.6% in the second quarter. FTB Advisors Inc. now owns 359 shares of the aerospace company’s stock valued at $105,000 after buying an additional 211 shares during the last quarter. Fort L.P. purchased a new stake in Lockheed Martin in the second quarter valued at approximately $116,000. Finally, Quad Cities Investment Group LLC purchased a new stake in Lockheed Martin in the second quarter valued at approximately $131,000. Institutional investors own 77.63% of the company’s stock.

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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