Lockheed Martin (NYSE:LMT) Price Target Cut to $492.00 by Analysts at Deutsche Bank Aktiengesellschaft

Lockheed Martin (NYSE:LMT) had its price objective cut by Deutsche Bank Aktiengesellschaft from $517.00 to $492.00 in a research note issued to investors on Wednesday,MarketScreener reports. They currently have a hold rating on the aerospace company’s stock.

Other equities analysts have also recently issued reports about the company. UBS Group decreased their target price on Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating on the stock in a report on Wednesday, October 22nd. Citigroup began coverage on Lockheed Martin in a research note on Thursday. They set a “neutral” rating and a $505.00 price objective for the company. Truist Financial raised their target price on shares of Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. Finally, BNP Paribas upgraded shares of Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, November 18th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $508.72.

Lockheed Martin Stock Performance

Shares of NYSE LMT traded up $5.15 during midday trading on Wednesday, hitting $480.03. 1,383,011 shares of the stock traded hands, compared to its average volume of 1,321,043. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13. Lockheed Martin has a one year low of $410.11 and a one year high of $516.00. The firm has a market capitalization of $111.08 billion, a P/E ratio of 26.80, a PEG ratio of 1.37 and a beta of 0.24. The firm has a 50-day moving average of $476.03 and a two-hundred day moving average of $465.68.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The business had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. During the same period in the previous year, the company posted $6.84 EPS. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, equities analysts forecast that Lockheed Martin will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be issued a $3.45 dividend. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a yield of 2.9%. Lockheed Martin’s dividend payout ratio is currently 77.05%.

Insiders Place Their Bets

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the company’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total value of $3,826,183.68. Following the sale, the chief operating officer owned 1 shares in the company, valued at approximately $491.04. This represents a 99.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On Lockheed Martin

Several hedge funds have recently modified their holdings of the company. United Financial Planning Group LLC purchased a new stake in Lockheed Martin in the 3rd quarter worth $25,000. Barnes Dennig Private Wealth Management LLC grew its position in shares of Lockheed Martin by 285.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 40 shares during the period. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Lockheed Martin during the third quarter worth about $27,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Lockheed Martin during the 2nd quarter worth about $28,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Lockheed Martin in the 2nd quarter valued at about $29,000. 74.19% of the stock is 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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.