Lockheed Martin (NYSE:LMT) Price Target Increased to $525.00 by Analysts at Wells Fargo & Company

Lockheed Martin (NYSE:LMT) had its price objective lifted by Wells Fargo & Company from $483.00 to $525.00 in a research report report published on Wednesday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the aerospace company’s stock.

A number of other equities research analysts have also commented on the stock. The Goldman Sachs Group decreased their price objective on shares of Lockheed Martin from $380.00 to $377.00 and set a sell rating on the stock in a report on Tuesday, April 23rd. Susquehanna increased their price objective on shares of Lockheed Martin from $540.00 to $565.00 and gave the stock a positive rating in a report on Wednesday. Citigroup increased their price objective on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a buy rating in a report on Wednesday, April 24th. UBS Group increased their price objective on shares of Lockheed Martin from $511.00 to $538.00 and gave the stock a neutral rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a hold rating in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $518.91.

Lockheed Martin Trading Up 0.7 %

Shares of Lockheed Martin stock opened at $524.80 on Wednesday. The stock has a market capitalization of $125.09 billion, a P/E ratio of 19.20, a price-to-earnings-growth ratio of 4.89 and a beta of 0.46. The company has a quick ratio of 1.11, a current ratio of 1.24 and a debt-to-equity ratio of 3.10. The company has a 50-day simple moving average of $469.59 and a 200 day simple moving average of $453.90. Lockheed Martin has a 12-month low of $393.77 and a 12-month high of $528.64.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.45 by $0.66. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The business had revenue of $18.12 billion during the quarter, compared to analysts’ expectations of $17.05 billion. During the same quarter last year, the company posted $6.73 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. Research analysts expect that Lockheed Martin will post 26.26 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be paid a $3.15 dividend. This represents a $12.60 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Tuesday, September 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 46.10%.

Insider Buying and Selling

In related news, insider Timothy S. Cahill sold 3,975 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the transaction, the insider now owns 8,877 shares of the company’s stock, valued at approximately $4,574,850.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.17% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LMT. First Pacific Financial bought a new position in Lockheed Martin during the 1st quarter worth approximately $25,000. Altshuler Shaham Ltd acquired a new stake in Lockheed Martin during the 4th quarter worth approximately $26,000. Wiser Advisor Group LLC raised its holdings in Lockheed Martin by 65.8% during the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock worth $29,000 after buying an additional 25 shares during the period. Activest Wealth Management raised its holdings in Lockheed Martin by 1,200.0% during the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after buying an additional 60 shares during the period. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in Lockheed Martin during the 1st quarter worth approximately $30,000. Institutional investors own 74.19% 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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.