Today The Lockheed Martin Corporation (LMT) PT Lowered to $333.00 at Citigroup Inc.

Today The Lockheed Martin Corporation (LMT) PT Lowered to $333.00 at Citigroup Inc.

Lockheed Martin Corporation (NYSE:LMT) had its price target dropped by equities researchers at Citigroup Inc. to $333.00 in a report released on Wednesday. Citigroup Inc.’s price objective would indicate a potential upside of 31.67% from the company’s previous close.

A number of other brokerages have also recently issued reports on LMT. Royal Bank Of Canada initiated coverage on Lockheed Martin Corporation in a research note on Thursday, January 12th. They set a “sector perform” rating and a $265.00 price objective for the company. Robert W. Baird reiterated an “outperform” rating and set a $284.00 price objective on shares of Lockheed Martin Corporation in a research note on Friday, January 20th. Vetr cut Lockheed Martin Corporation from a “buy” rating to a “hold” rating and set a $260.42 price objective for the company. in a research note on Monday, January 2nd. Zacks Investment Research cut Lockheed Martin Corporation from a “buy” rating to a “hold” rating in a research note on Monday, December 12th. Finally, Barclays PLC reiterated an “underweight” rating and set a $245.00 price objective (down previously from $250.00) on shares of Lockheed Martin Corporation in a research note on Monday, October 3rd. Ten analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Lockheed Martin Corporation currently has a consensus rating of “Buy” and a consensus price target of $274.61.

Lockheed Martin Corporation (NYSE:LMT) traded down 0.92% on Wednesday, hitting $250.59. The stock had a trading volume of 634,217 shares. The company has a market capitalization of $73.42 billion, a price-to-earnings ratio of 14.66 and a beta of 0.66. Lockheed Martin Corporation has a 52 week low of $203.65 and a 52 week high of $269.90. The firm has a 50-day moving average of $254.59 and a 200 day moving average of $250.67.

Lockheed Martin Corporation (NYSE:LMT) last announced its quarterly earnings data on Tuesday, January 24th. The company reported $3.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.06 by $0.19. The business earned $13.80 billion during the quarter, compared to analysts’ expectations of $13.03 billion. Lockheed Martin Corporation had a return on equity of 131.23% and a net margin of 10.48%. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.01 earnings per share. On average, analysts predict that Lockheed Martin Corporation will post $12.21 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Adage Capital Partners GP L.L.C. acquired a new position in shares of Lockheed Martin Corporation during the second quarter valued at approximately $125,819,000. Capital World Investors increased its position in shares of Lockheed Martin Corporation by 1.4% in the second quarter. Capital World Investors now owns 26,593,437 shares of the company’s stock valued at $6,599,693,000 after buying an additional 365,700 shares during the last quarter. Artemis Investment Management LLP increased its position in shares of Lockheed Martin Corporation by 22.0% in the second quarter. Artemis Investment Management LLP now owns 1,917,270 shares of the company’s stock valued at $476,046,000 after buying an additional 345,305 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of Lockheed Martin Corporation by 4.1% in the second quarter. BlackRock Fund Advisors now owns 6,532,416 shares of the company’s stock valued at $1,621,150,000 after buying an additional 257,451 shares during the last quarter. Finally, FMR LLC increased its position in shares of Lockheed Martin Corporation by 7.5% in the second quarter. FMR LLC now owns 2,242,794 shares of the company’s stock valued at $556,595,000 after buying an additional 155,561 shares during the last quarter. 80.62% of the stock is owned by institutional investors and hedge funds.

About Lockheed Martin Corporation

Lockheed Martin Corporation is a global security and aerospace company. The Company is engaged in the research, design, integration and sustainment of advanced technology systems, products and services. It operates in five segments: Aeronautics; Information Systems & Global Solutions (IS&GS); Missiles and Fire Control (MFC); Mission Systems and Training (MST), and Space Systems.

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