The Lockheed Martin Corp. (LMT) Given Average Recommendation of “Hold” by Analysts

The Lockheed Martin Corp. (LMT) Given Average Recommendation of “Hold” by Analysts

Lockheed Martin Corp. (NYSE:LMT) has been given an average recommendation of “Hold” by the twenty research firms that are covering the company. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $260.45.

Several research firms have weighed in on LMT. Jefferies Group reissued a “hold” rating on shares of Lockheed Martin Corp. in a research note on Wednesday, August 3rd. Zacks Investment Research downgraded shares of Lockheed Martin Corp. from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. Argus reaffirmed a “buy” rating and set a $290.00 price objective on shares of Lockheed Martin Corp. in a research note on Friday, August 5th. Drexel Hamilton reaffirmed a “buy” rating and set a $284.00 price objective on shares of Lockheed Martin Corp. in a research note on Wednesday, July 20th. Finally, Credit Suisse Group AG reaffirmed a “neutral” rating and set a $255.00 price objective (up from $225.00) on shares of Lockheed Martin Corp. in a research note on Friday, July 22nd.

In other news, insider Sondra L. Barbour sold 66,460 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $255.74, for a total transaction of $16,996,480.40. Following the sale, the insider now owns 31,200 shares in the company, valued at $7,979,088. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Orlando D. Carvalho sold 12,700 shares of the stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $254.78, for a total transaction of $3,235,706.00. Following the sale, the insider now owns 29,120 shares in the company, valued at approximately $7,419,193.60. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Large investors have recently bought and sold shares of the stock. AMP Capital Investors Ltd boosted its stake in Lockheed Martin Corp. by 4.3% in the first quarter. AMP Capital Investors Ltd now owns 150,260 shares of the company’s stock worth $33,500,000 after buying an additional 6,258 shares during the last quarter. Waverton Investment Management Ltd boosted its stake in Lockheed Martin Corp. by 2.5% in the second quarter. Waverton Investment Management Ltd now owns 254,844 shares of the company’s stock worth $63,245,000 after buying an additional 6,108 shares during the last quarter. Sabal Trust CO boosted its stake in Lockheed Martin Corp. by 1.2% in the second quarter. Sabal Trust CO now owns 107,442 shares of the company’s stock worth $26,664,000 after buying an additional 1,232 shares during the last quarter. UMB Bank N A MO boosted its stake in Lockheed Martin Corp. by 9.9% in the second quarter. UMB Bank N A MO now owns 66,298 shares of the company’s stock worth $16,453,000 after buying an additional 5,998 shares during the last quarter. Finally, Standard Life Investments LTD boosted its stake in Lockheed Martin Corp. by 1.2% in the second quarter. Standard Life Investments LTD now owns 292,788 shares of the company’s stock worth $72,698,000 after buying an additional 3,573 shares during the last quarter. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Shares of Lockheed Martin Corp. (NYSE:LMT) remained flat at $232.99 during trading on Friday. 531,488 shares of the stock were exchanged. The stock’s 50-day moving average is $240.29 and its 200 day moving average is $241.86. The firm has a market capitalization of $70.57 billion, a PE ratio of 19.40 and a beta of 0.59. Lockheed Martin Corp. has a one year low of $200.47 and a one year high of $266.93.

Lockheed Martin Corp. (NYSE:LMT) last posted its quarterly earnings results on Tuesday, July 19th. The company reported $3.32 earnings per share for the quarter, topping the consensus estimate of $2.93 by $0.39. The business earned $12.90 billion during the quarter, compared to the consensus estimate of $12.56 billion. Lockheed Martin Corp. had a net margin of 7.37% and a return on equity of 119.66%. During the same period in the previous year, the firm posted $2.94 earnings per share. Equities analysts predict that Lockheed Martin Corp. will post $11.75 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 1st will be issued a dividend of $1.82 per share. This is a boost from Lockheed Martin Corp.’s previous quarterly dividend of $1.65. The ex-dividend date is Tuesday, November 29th. This represents a $7.28 dividend on an annualized basis and a dividend yield of 3.12%. Lockheed Martin Corp.’s dividend payout ratio is presently 56.51%.

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