Lockheed Martin (NYSE:LMT) Earns Buy Rating from Seaport Res Ptn

Seaport Res Ptn restated their buy rating on shares of Lockheed Martin (NYSE:LMT – Get Rating) in a report published on Tuesday morning, Zacks.com reports.

Several other research firms have also recently weighed in on LMT. Morgan Stanley boosted their price objective on Lockheed Martin from $450.00 to $521.00 and gave the stock an overweight rating in a research report on Wednesday, March 2nd. Robert W. Baird increased their target price on Lockheed Martin from $376.00 to $425.00 in a report on Wednesday, January 26th. Argus increased their target price on Lockheed Martin from $365.00 to $415.00 in a research report on Thursday, January 27th. Wolfe Research raised Lockheed Martin from a peer perform rating to an outperform rating and set a $467.00 price target for the company in a research report on Monday, February 28th. Finally, Susquehanna boosted their price objective on Lockheed Martin from $400.00 to $445.00 in a research note on Wednesday, January 26th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Lockheed Martin currently has an average rating of Hold and a consensus price target of $448.86.

NYSE:LMT opened at $445.79 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.42 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $118.82 billion, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 3.08 and a beta of 0.79. Lockheed Martin has a twelve month low of $324.23 and a twelve month high of $479.99. The stock’s 50 day moving average price is $438.41 and its two-hundred day moving average price is $384.90.

Lockheed Martin (NYSE:LMT – Get Rating) last released its quarterly earnings data on Tuesday, April 19th. The aerospace company reported $6.44 earnings per share for the quarter, beating the consensus estimate of $6.21 by $0.23. The business had revenue of $14.96 billion for the quarter, compared to analyst estimates of $15.49 billion. Lockheed Martin had a return on equity of 91.52% and a net margin of 9.42%. Lockheed Martin’s revenue was down 8.0% compared to the same quarter last year. During the same period last year, the firm posted $6.56 earnings per share. As a group, analysts anticipate that Lockheed Martin will post 26.77 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Wednesday, June 1st will be paid a $2.80 dividend. This represents a $11.20 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Tuesday, May 31st. Lockheed Martin’s payout ratio is 49.21%.

In other news, COO John Frank A. St sold 8,063 shares of the business’s stock in a transaction that occurred on Tuesday, March 1st. The stock was sold at an average price of $435.91, for a total value of $3,514,742.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian P. Colan sold 1,937 shares of the business’s stock in a transaction that occurred on Monday, February 28th. The shares were sold at an average price of $426.45, for a total value of $826,033.65. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,250 shares of company stock valued at $7,464,599. Company insiders own 0.17% of the company’s stock.

Several large investors have recently modified their holdings of LMT. Eagle Capital Management LLC raised its position in Lockheed Martin by 2.3% in the second quarter. Eagle Capital Management LLC now owns 10,687 shares of the aerospace company’s stock valued at $4,043,000 after purchasing an additional 240 shares during the period. Morgan Stanley raised its holdings in shares of Lockheed Martin by 0.7% in the 2nd quarter. Morgan Stanley now owns 4,044,680 shares of the aerospace company’s stock valued at $1,530,306,000 after buying an additional 26,557 shares during the period. Keudell Morrison Wealth Management raised its holdings in shares of Lockheed Martin by 28.3% in the 3rd quarter. Keudell Morrison Wealth Management now owns 1,337 shares of the aerospace company’s stock valued at $461,000 after buying an additional 295 shares during the period. Vontobel Holding Ltd. raised its holdings in shares of Lockheed Martin by 71.3% in the 3rd quarter. Vontobel Holding Ltd. now owns 5,747 shares of the aerospace company’s stock valued at $1,983,000 after buying an additional 2,393 shares during the period. Finally, Whittier Trust Co. increased its holdings in Lockheed Martin by 3.4% during the 3rd quarter. Whittier Trust Co. now owns 6,868 shares of the aerospace company’s stock worth $2,370,000 after purchasing an additional 228 shares during the period. 74.72% of the stock is currently owned by hedge funds and other institutional investors.

About Lockheed Martin (Get Rating)

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, Rotary and Mission Systems, and Space.

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