Lockheed Martin (NYSE:LMT) Price Target Raised to $735.00 at Argus

Lockheed Martin (NYSE:LMTFree Report) had its price target lifted by Argus from $530.00 to $735.00 in a research note released on Friday,MarketScreener reports. They currently have a buy rating on the aerospace company’s stock.

LMT has been the subject of several other reports. Wall Street Zen cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 8th. Royal Bank Of Canada raised their target price on shares of Lockheed Martin from $615.00 to $650.00 and gave the stock a “sector perform” rating in a report on Friday, January 30th. Susquehanna restated a “positive” rating and set a $660.00 target price on shares of Lockheed Martin in a research report on Thursday, January 15th. BNP Paribas Exane upped their price target on shares of Lockheed Martin from $550.00 to $570.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Finally, Morgan Stanley set a $675.00 price target on Lockheed Martin in a research report on Wednesday, February 4th. Seven analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and an average price target of $618.95.

View Our Latest Research Report on LMT

Lockheed Martin Stock Performance

Shares of LMT stock traded up $17.02 during mid-day trading on Friday, reaching $672.02. The stock had a trading volume of 1,881,701 shares, compared to its average volume of 1,517,431. Lockheed Martin has a 1-year low of $410.11 and a 1-year high of $692.00. The firm has a market cap of $154.62 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 1.18 and a beta of 0.22. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05. The business’s fifty day moving average is $600.07 and its 200-day moving average is $517.62.

Lockheed Martin (NYSE:LMTGet Free Report) last released its earnings results on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). The firm had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.84 billion. Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the firm earned $7.67 EPS. On average, research analysts forecast that Lockheed Martin will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 2nd will be paid a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Monday, March 2nd. Lockheed Martin’s payout ratio is currently 64.22%.

Institutional Trading of Lockheed Martin

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after acquiring an additional 191 shares in the last quarter. Sivia Capital Partners LLC increased its stake in shares of Lockheed Martin by 5.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock valued at $451,000 after purchasing an additional 50 shares in the last quarter. Schnieders Capital Management LLC. raised its holdings in Lockheed Martin by 17.3% in the 2nd quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company’s stock worth $676,000 after purchasing an additional 215 shares during the period. Bryn Mawr Trust Advisors LLC boosted its position in Lockheed Martin by 6.4% during the second quarter. Bryn Mawr Trust Advisors LLC now owns 2,127 shares of the aerospace company’s stock worth $985,000 after purchasing an additional 127 shares in the last quarter. Finally, Harvest Portfolios Group Inc. boosted its position in Lockheed Martin by 8.1% during the second quarter. Harvest Portfolios Group Inc. now owns 4,252 shares of the aerospace company’s stock worth $1,969,000 after purchasing an additional 317 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

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About Lockheed Martin

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Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.

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