Lockheed Martin (NYSE:LMT) Price Target Increased to $487.00 by Analysts at Deutsche Bank Aktiengesellschaft

Lockheed Martin (NYSE:LMT) had its price objective upped by Deutsche Bank Aktiengesellschaft from $467.00 to $487.00 in a report issued on Thursday, Benzinga reports. They currently have a hold rating on the aerospace company’s stock.

A number of other equities research analysts have also weighed in on the company. Morgan Stanley reduced their price objective on Lockheed Martin from $513.00 to $503.00 and set an equal weight rating on the stock in a research report on Wednesday, January 24th. JPMorgan Chase & Co. raised shares of Lockheed Martin from a neutral rating to an overweight rating and boosted their target price for the stock from $475.00 to $518.00 in a report on Monday, April 15th. Royal Bank of Canada dropped their price target on shares of Lockheed Martin from $475.00 to $470.00 and set a sector perform rating for the company in a research note on Wednesday, January 24th. Susquehanna lowered their target price on Lockheed Martin from $550.00 to $540.00 and set a positive rating for the company in a research report on Wednesday, January 24th. Finally, UBS Group increased their price target on Lockheed Martin from $482.00 to $499.00 and gave the company a neutral rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Lockheed Martin has a consensus rating of Hold and a consensus price target of $485.40.

Lockheed Martin Trading Up 1.3 %

Shares of LMT stock opened at $465.19 on Thursday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.03 and a current ratio of 1.30. Lockheed Martin has a fifty-two week low of $393.77 and a fifty-two week high of $479.50. The company has a market cap of $111.62 billion, a PE ratio of 17.02, a P/E/G ratio of 4.20 and a beta of 0.48. The stock’s fifty day moving average price is $443.00 and its two-hundred day moving average price is $444.29.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping analysts’ consensus estimates of $5.80 by $0.53. The firm had revenue of $17.20 billion during the quarter, compared to analysts’ expectations of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.43 earnings per share. Equities analysts predict that Lockheed Martin will post 26.04 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total value of $2,675,102.76. Following the transaction, the insider now directly owns 12,604 shares in the company, valued at approximately $5,434,718.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the completion of the sale, the insider now directly owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,874 shares of company stock valued at $7,249,946. 0.17% of the stock is owned by company insiders.

Institutional Trading of Lockheed Martin

Several institutional investors and hedge funds have recently made changes to their positions in the company. Triumph Capital Management increased its position in shares of Lockheed Martin by 3.1% during the third quarter. Triumph Capital Management now owns 723 shares of the aerospace company’s stock valued at $296,000 after acquiring an additional 22 shares during the last quarter. Abbrea Capital LLC raised its position in Lockheed Martin by 1.7% in the third quarter. Abbrea Capital LLC now owns 1,397 shares of the aerospace company’s stock worth $571,000 after acquiring an additional 23 shares during the period. Pinnacle Wealth Planning Services Inc. boosted its stake in Lockheed Martin by 1.6% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,429 shares of the aerospace company’s stock valued at $584,000 after acquiring an additional 23 shares during the last quarter. Duncker Streett & Co. Inc. grew its position in shares of Lockheed Martin by 1.2% during the 3rd quarter. Duncker Streett & Co. Inc. now owns 2,013 shares of the aerospace company’s stock valued at $823,000 after acquiring an additional 24 shares during the period. Finally, Compagnie Lombard Odier SCmA increased its stake in shares of Lockheed Martin by 0.7% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 3,375 shares of the aerospace company’s stock worth $1,380,000 after purchasing an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

About Lockheed Martin

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.