Lockheed Martin (NYSE:LMT) Upgraded to Buy at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Lockheed Martin (NYSE:LMT) from a hold rating to a buy rating in a research note released on Friday morning, MarketBeat reports. The brokerage currently has $600.00 price objective on the aerospace company’s stock, up from their previous price objective of $540.00.

Other equities analysts have also issued research reports about the stock. Royal Bank of Canada upped their price objective on shares of Lockheed Martin from $470.00 to $500.00 and gave the company a sector perform rating in a report on Wednesday. Wells Fargo & Company upped their price objective on shares of Lockheed Martin from $483.00 to $525.00 and gave the company an equal weight rating in a report on Wednesday. Susquehanna upped their target price on shares of Lockheed Martin from $540.00 to $565.00 and gave the stock a positive rating in a report on Wednesday. TD Cowen upgraded shares of Lockheed Martin from a hold rating to a buy rating and upped their target price for the stock from $480.00 to $560.00 in a report on Wednesday. Finally, UBS Group upped their target price on shares of Lockheed Martin from $511.00 to $538.00 and gave the stock a neutral rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $518.91.

Lockheed Martin Stock Performance

Shares of LMT opened at $524.71 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.11 and a debt-to-equity ratio of 3.10. The stock has a market capitalization of $125.07 billion, a P/E ratio of 19.20, a price-to-earnings-growth ratio of 4.86 and a beta of 0.46. The firm’s fifty day simple moving average is $469.59 and its two-hundred day simple moving average is $453.91. Lockheed Martin has a 12 month low of $393.77 and a 12 month high of $528.64.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share for the quarter, beating the consensus estimate of $6.45 by $0.66. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The firm had revenue of $18.12 billion for the quarter, compared to analyst estimates of $17.05 billion. During the same quarter in the prior year, the business earned $6.73 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, analysts predict that Lockheed Martin will post 26.43 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be paid a $3.15 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 annualized dividend and a yield of 2.40%. Lockheed Martin’s dividend payout ratio (DPR) is 46.10%.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, insider Timothy S. Cahill sold 3,975 shares of the stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total value of $2,048,556.00. Following the completion of the sale, the insider now owns 8,877 shares in the company, valued at approximately $4,574,850.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. HB Wealth Management LLC grew its position in shares of Lockheed Martin by 5.2% during the 2nd quarter. HB Wealth Management LLC now owns 11,410 shares of the aerospace company’s stock valued at $5,330,000 after acquiring an additional 565 shares during the period. Strategic Blueprint LLC boosted its holdings in Lockheed Martin by 1.6% in the 2nd quarter. Strategic Blueprint LLC now owns 2,819 shares of the aerospace company’s stock worth $1,317,000 after buying an additional 45 shares during the period. Rosenberg Matthew Hamilton boosted its holdings in Lockheed Martin by 9.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 875 shares of the aerospace company’s stock worth $408,000 after buying an additional 72 shares during the period. Fort Pitt Capital Group LLC boosted its holdings in Lockheed Martin by 4.2% in the 2nd quarter. Fort Pitt Capital Group LLC now owns 6,772 shares of the aerospace company’s stock worth $3,163,000 after buying an additional 271 shares during the period. Finally, Lester Murray Antman dba SimplyRich boosted its holdings in Lockheed Martin by 0.8% in the 2nd quarter. Lester Murray Antman dba SimplyRich now owns 2,765 shares of the aerospace company’s stock worth $1,291,000 after buying an additional 22 shares during the period. 74.19% of the stock is owned by institutional investors.

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.