Lockheed Martin (NYSE:LMT) Given New $550.00 Price Target at Susquehanna

Lockheed Martin (NYSE:LMT) had its target price decreased by Susquehanna from $590.00 to $550.00 in a report issued on Wednesday morning,Benzinga reports. Susquehanna currently has a positive rating on the aerospace company’s stock.

Other equities analysts also recently issued reports about the company. UBS Group lowered their target price on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research report on Wednesday. TD Cowen lifted their target price on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Barclays lowered their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and lowered their target price for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. Finally, Citigroup lowered their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $556.13.

Lockheed Martin Stock Performance

LMT stock opened at $454.18 on Wednesday. The company has a market cap of $107.66 billion, a P/E ratio of 16.44, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. Lockheed Martin has a 1 year low of $413.92 and a 1 year high of $618.95. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The stock’s fifty day moving average price is $497.18 and its 200-day moving average price is $537.55.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. On average, equities analysts forecast that Lockheed Martin will post 26.89 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.91%. Lockheed Martin’s dividend payout ratio (DPR) is 47.79%.

Institutional Investors Weigh In On Lockheed Martin

Several large investors have recently made changes to their positions in LMT. Algert Global LLC bought a new stake in shares of Lockheed Martin in the second quarter worth about $277,000. Regal Investment Advisors LLC increased its holdings in shares of Lockheed Martin by 103.9% in the second quarter. Regal Investment Advisors LLC now owns 2,235 shares of the aerospace company’s stock worth $1,044,000 after purchasing an additional 1,139 shares during the last quarter. New Century Financial Group LLC increased its holdings in shares of Lockheed Martin by 179.6% in the second quarter. New Century Financial Group LLC now owns 1,258 shares of the aerospace company’s stock worth $588,000 after purchasing an additional 808 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in Lockheed Martin during the second quarter worth approximately $201,000. Finally, Sanctuary Advisors LLC bought a new stake in Lockheed Martin during the second quarter worth approximately $24,001,000. 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.