Lockheed Martin (LMT) PT Raised to $385.00 at Argus

Lockheed Martin (NYSE:LMT) had its price objective boosted by Argus from $340.00 to $385.00 in a report issued on Tuesday morning, Marketbeat.com reports. Argus currently has a buy rating on the aerospace company’s stock.

A number of other analysts also recently weighed in on the stock. Bank of America set a $360.00 price target on shares of Lockheed Martin and gave the stock a buy rating in a research report on Friday, October 27th. Royal Bank of Canada set a $314.00 price target on shares of Lockheed Martin and gave the stock a hold rating in a research report on Wednesday, November 15th. Vetr cut Lockheed Martin from a buy rating to a hold rating and set a $332.40 price objective on the stock. in a research note on Thursday, January 4th. Stifel Nicolaus raised their price objective on Lockheed Martin from $320.00 to $340.00 and gave the stock a buy rating in a research note on Wednesday, October 25th. Finally, Wells Fargo & Co cut Lockheed Martin from an outperform rating to a market perform rating in a research note on Tuesday, January 16th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Lockheed Martin currently has a consensus rating of Buy and an average target price of $372.53.

Shares of Lockheed Martin (NYSE LMT) opened at $341.42 on Tuesday. Lockheed Martin has a 1 year low of $256.80 and a 1 year high of $361.79. 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 firm has a market cap of $97,900.00, a P/E ratio of 51.89, a PEG ratio of 3.04 and a beta of 0.73.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Monday, January 29th. The aerospace company reported $4.30 earnings per share for the quarter, topping analysts’ consensus estimates of $4.06 by $0.24. Lockheed Martin had a net margin of 3.92% and a return on equity of 354.55%. The business had revenue of $15.14 billion during the quarter, compared to the consensus estimate of $14.72 billion. During the same quarter last year, the company earned $3.25 earnings per share. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. research analysts expect that Lockheed Martin will post 15.47 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Thursday, March 1st will be paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Wednesday, February 28th. Lockheed Martin’s dividend payout ratio (DPR) is presently 121.58%.

In other Lockheed Martin news, insider Dale P. Bennett sold 2,000 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $313.75, for a total value of $627,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Marillyn A. Hewson sold 19,000 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $346.74, for a total value of $6,588,060.00. Following the completion of the sale, the chairman now owns 80,478 shares in the company, valued at $27,904,941.72. The disclosure for this sale can be found here. Insiders have sold 28,517 shares of company stock worth $9,905,819 over the last 90 days. 0.39% of the stock is currently owned by company insiders.

An institutional investor recently bought a new position in Lockheed Martin stock. Buckingham Capital Management Inc. bought a new stake in Lockheed Martin Co. (NYSE:LMT) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 670 shares of the aerospace company’s stock, valued at approximately $208,000. 78.92% of the stock is owned by institutional investors.

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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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