Lockheed Martin Co. (NYSE:LMT) VP Brian P. Colan sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $304.56, for a total value of $1,218,240.00. Following the completion of the sale, the vice president now directly owns 2,489 shares in the company, valued at approximately $758,049.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of LMT stock traded up $2.02 on Wednesday, reaching $307.20. 869,109 shares of the stock were exchanged, compared to its average volume of 1,196,165. The company has a current ratio of 1.12, a quick ratio of 0.91 and a debt-to-equity ratio of 8.70. The company has a market cap of $86.23 billion, a P/E ratio of 17.21, a PEG ratio of 2.28 and a beta of 1.02. Lockheed Martin Co. has a twelve month low of $241.18 and a twelve month high of $362.98.
Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, January 29th. The aerospace company reported $4.39 EPS for the quarter, hitting analysts’ consensus estimates of $4.39. The firm had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.75 billion. Lockheed Martin had a net margin of 9.39% and a return on equity of 726.78%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($2.25) earnings per share. On average, equities analysts forecast that Lockheed Martin Co. will post 19.4 EPS for the current year.
Several hedge funds have recently modified their holdings of LMT. Bremer Trust National Association acquired a new position in Lockheed Martin in the fourth quarter valued at $25,000. ERTS Wealth Advisors LLC acquired a new position in Lockheed Martin in the fourth quarter valued at $26,000. Van ECK Associates Corp acquired a new position in Lockheed Martin in the fourth quarter valued at $29,000. Virtus ETF Advisers LLC acquired a new position in Lockheed Martin in the fourth quarter valued at $31,000. Finally, Clarfeld Financial Advisors LLC acquired a new position in Lockheed Martin in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 78.88% of the company’s stock.
A number of analysts have issued reports on LMT shares. JPMorgan Chase & Co. cut their target price on Lockheed Martin from $395.00 to $370.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 24th. Citigroup cut their target price on Lockheed Martin from $400.00 to $338.00 and set a “buy” rating on the stock in a research report on Monday, January 14th. Goldman Sachs Group raised Lockheed Martin from a “neutral” rating to a “conviction-buy” rating and boosted their target price for the company from $391.00 to $394.00 in a research report on Wednesday, October 24th. ValuEngine raised Lockheed Martin from a “sell” rating to a “hold” rating in a research report on Tuesday, December 11th. Finally, Barclays cut their target price on Lockheed Martin from $369.00 to $325.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 4th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Lockheed Martin presently has a consensus rating of “Buy” and an average price target of $350.00.
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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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
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