Jefferies Financial Group restated their hold rating on shares of Lockheed Martin (NYSE:LMT) in a research report released on Tuesday morning. They currently have a $313.00 target price on the aerospace company’s stock. Jefferies Financial Group also issued estimates for Lockheed Martin’s Q1 2019 earnings at $4.26 EPS, Q2 2019 earnings at $4.66 EPS, Q3 2019 earnings at $4.99 EPS, Q4 2019 earnings at $5.29 EPS, FY2019 earnings at $19.20 EPS, FY2020 earnings at $23.45 EPS and FY2021 earnings at $25.01 EPS.
LMT has been the topic of several other research reports. Susquehanna Bancshares began coverage on Lockheed Martin in a report on Thursday, January 10th. They set a positive rating and a $321.00 price objective on the stock. Zacks Investment Research upgraded Lockheed Martin from a hold rating to a buy rating and set a $377.00 price objective on the stock in a report on Thursday, October 11th. Morgan Stanley downgraded Lockheed Martin from an overweight rating to an equal weight rating and set a $300.00 price objective on the stock. in a report on Wednesday, January 9th. Goldman Sachs Group upgraded Lockheed Martin from a neutral rating to a conviction-buy rating and boosted their price objective for the stock from $391.00 to $394.00 in a report on Wednesday, October 24th. Finally, Robert W. Baird restated a buy rating and set a $326.00 price objective on shares of Lockheed Martin in a report on Friday, December 21st. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Lockheed Martin has an average rating of Buy and an average price target of $348.50.
Get Lockheed Martin alerts:NYSE LMT opened at $301.50 on Tuesday. The company has a debt-to-equity ratio of 8.70, a quick ratio of 0.91 and a current ratio of 1.12. The stock has a market cap of $85.36 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 2.23 and a beta of 1.02. Lockheed Martin has a 1 year low of $241.18 and a 1 year high of $363.00.
Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, January 29th. The aerospace company reported $4.39 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $4.39. The firm had revenue of $14.41 billion for the quarter, compared to the consensus estimate of $13.75 billion. Lockheed Martin had a return on equity of 726.78% and a net margin of 9.39%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($2.25) EPS. On average, sell-side analysts expect that Lockheed Martin will post 19.41 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be issued a $2.20 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $8.80 dividend on an annualized basis and a dividend yield of 2.92%. Lockheed Martin’s dividend payout ratio is 49.30%.
In other news, EVP Richard F. Ambrose sold 6,647 shares of the company’s stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $301.34, for a total value of $2,003,006.98. Following the transaction, the executive vice president now owns 4,218 shares in the company, valued at approximately $1,271,052.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michele A. Evans sold 7,690 shares of the company’s stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $298.78, for a total value of $2,297,618.20. Following the completion of the transaction, the insider now owns 7,690 shares in the company, valued at approximately $2,297,618.20. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of LMT. Vanguard Group Inc. grew its stake in shares of Lockheed Martin by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 21,266,343 shares of the aerospace company’s stock valued at $7,357,305,000 after buying an additional 199,456 shares in the last quarter. Vanguard Group Inc grew its stake in shares of Lockheed Martin by 0.9% in the 3rd quarter. Vanguard Group Inc now owns 21,266,343 shares of the aerospace company’s stock valued at $7,357,305,000 after buying an additional 199,456 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Lockheed Martin by 77,867.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,152,483 shares of the aerospace company’s stock valued at $81,000 after buying an additional 21,125,353 shares in the last quarter. BlackRock Inc. grew its stake in shares of Lockheed Martin by 8.2% in the 4th quarter. BlackRock Inc. now owns 18,811,944 shares of the aerospace company’s stock valued at $4,925,719,000 after buying an additional 1,426,889 shares in the last quarter. Finally, Morgan Stanley grew its stake in shares of Lockheed Martin by 3.0% in the 3rd quarter. Morgan Stanley now owns 3,587,085 shares of the aerospace company’s stock valued at $1,240,989,000 after buying an additional 105,749 shares in the last quarter. Institutional investors own 77.87% 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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
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