Lockheed Martin (NYSE:LMT) had its price objective upped by Buckingham Research from $348.00 to $403.00 in a report released on Monday morning. Buckingham Research currently has a buy rating on the aerospace company’s stock.
A number of other analysts have also commented on the company. ValuEngine raised Lockheed Martin from a hold rating to a buy rating in a research note on Friday, February 2nd. Citigroup increased their price objective on Lockheed Martin from $355.00 to $400.00 and gave the company a buy rating in a research note on Tuesday, January 30th. Cowen reissued a hold rating and issued a $370.00 price target on shares of Lockheed Martin in a research note on Tuesday, January 30th. Wells Fargo & Co raised their price target on Lockheed Martin from $340.00 to $355.00 and gave the stock a market perform rating in a research note on Tuesday, January 30th. Finally, Robert W. Baird raised their price target on Lockheed Martin from $337.00 to $410.00 and gave the stock an outperform rating in a research note on Tuesday, January 30th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $372.53.
Shares of Lockheed Martin (NYSE LMT) opened at $345.43 on Monday. The company has a debt-to-equity ratio of -22.19, a quick ratio of 1.03 and a current ratio of 1.38. The company has a market capitalization of $99,050.00, a price-to-earnings ratio of 52.50, a P/E/G ratio of 2.96 and a beta of 0.73. Lockheed Martin has a 52 week low of $256.40 and a 52 week high of $361.79.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Thursday, March 1st will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Wednesday, February 28th. Lockheed Martin’s payout ratio is 121.58%.
In other news, insider Richard F. Ambrose sold 7,517 shares of Lockheed Martin stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $357.89, for a total value of $2,690,259.13. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Dale P. Bennett sold 2,000 shares of Lockheed Martin stock in a transaction dated Monday, December 4th. The shares were 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. Insiders sold a total of 28,517 shares of company stock worth $9,905,819 over the last ninety days. Corporate insiders own 0.39% of the company’s stock.
An institutional investor recently bought a new position in Lockheed Martin stock. Buckingham Capital Management Inc. acquired a new stake in Lockheed Martin Co. (NYSE:LMT) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 670 shares of the aerospace company’s stock, valued at approximately $208,000. Institutional investors and hedge funds own 78.92% of the company’s stock.
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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.
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