Lockheed Martin Corporation (NYSE:LMT) Receives Average Recommendation of “Hold” from Analysts

Lockheed Martin Corporation (NYSE:LMT) has earned an average recommendation of “Hold” from the twenty-three brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $510.2941.

Several equities analysts have weighed in on the stock. Bank of America lowered their price objective on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a research report on Thursday, August 21st. Morgan Stanley lifted their target price on shares of Lockheed Martin from $530.00 to $630.00 and gave the company an “overweight” rating in a research note on Wednesday. Royal Bank Of Canada lifted their target price on shares of Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 7th. TD Cowen reissued a “hold” rating and set a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd.

Institutional Investors Weigh In On Lockheed Martin

Institutional investors have recently modified their holdings of the stock. Brighton Jones LLC lifted its stake in shares of Lockheed Martin by 5.0% in the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after purchasing an additional 191 shares during the last quarter. Zhang Financial LLC lifted its stake in shares of Lockheed Martin by 46.6% in the 1st quarter. Zhang Financial LLC now owns 3,019 shares of the aerospace company’s stock valued at $1,349,000 after purchasing an additional 960 shares during the last quarter. Simon Quick Advisors LLC lifted its stake in shares of Lockheed Martin by 15.6% in the 1st quarter. Simon Quick Advisors LLC now owns 1,247 shares of the aerospace company’s stock valued at $557,000 after purchasing an additional 168 shares during the last quarter. Greenwood Capital Associates LLC lifted its stake in shares of Lockheed Martin by 13.8% in the 1st quarter. Greenwood Capital Associates LLC now owns 2,749 shares of the aerospace company’s stock valued at $1,228,000 after purchasing an additional 333 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC lifted its stake in shares of Lockheed Martin by 2.4% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 62,290 shares of the aerospace company’s stock valued at $27,825,000 after purchasing an additional 1,435 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Up 0.4%

NYSE LMT opened at $495.24 on Friday. Lockheed Martin has a twelve month low of $410.11 and a twelve month high of $618.95. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The stock has a market cap of $115.62 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 1.74 and a beta of 0.28. The firm’s 50 day moving average price is $471.93 and its two-hundred day moving average price is $464.69.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, topping the consensus estimate of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The firm had revenue of $18.16 billion for the quarter, compared to analysts’ expectations of $18.59 billion. During the same period in the previous year, the company posted $7.11 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Equities analysts anticipate that Lockheed Martin will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be paid a dividend of $3.45 per share. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date of this dividend is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.8%. Lockheed Martin’s dividend payout ratio (DPR) is 74.32%.

Lockheed Martin Company Profile

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.