Morgan Stanley Has Lowered Expectations for Lockheed Martin (NYSE:LMT) Stock Price

Lockheed Martin (NYSE:LMT) had its target price trimmed by Morgan Stanley from $555.00 to $525.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has an equal weight rating on the aerospace company’s stock.

LMT has been the topic of several other research reports. Wells Fargo & Company dropped their price target on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. UBS Group dropped their price target on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. lowered their target price on shares of Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Truist Financial began coverage on shares of Lockheed Martin in a research note on Tuesday, January 14th. They issued a “buy” rating and a $579.00 target price on the stock. Finally, StockNews.com lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $556.13.

Lockheed Martin Stock Down 0.7 %

Lockheed Martin stock opened at $454.18 on Wednesday. The firm has a market cap of $107.66 billion, a PE ratio of 16.44, a P/E/G ratio of 4.05 and a beta of 0.48. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. The firm’s 50 day moving average price is $497.18 and its two-hundred day moving average price is $537.55. Lockheed Martin has a twelve month low of $413.92 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. On average, research analysts predict that Lockheed Martin will post 26.89 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 47.79%.

Institutional Trading of Lockheed Martin

A number of hedge funds have recently bought and sold shares of the stock. Bogart Wealth LLC boosted its holdings in Lockheed Martin by 1.0% in the 4th quarter. Bogart Wealth LLC now owns 19,858 shares of the aerospace company’s stock valued at $9,650,000 after purchasing an additional 203 shares during the period. Asset Management One Co. Ltd. lifted its holdings in shares of Lockheed Martin by 5.1% during the 4th quarter. Asset Management One Co. Ltd. now owns 87,349 shares of the aerospace company’s stock worth $42,711,000 after acquiring an additional 4,202 shares during the period. Life Planning Partners Inc bought a new position in shares of Lockheed Martin during the 4th quarter worth about $4,867,000. Aljian Capital Management LLC lifted its holdings in shares of Lockheed Martin by 39.1% during the 4th quarter. Aljian Capital Management LLC now owns 10,774 shares of the aerospace company’s stock worth $5,236,000 after acquiring an additional 3,029 shares during the period. Finally, Pathway Financial Advisers LLC lifted its holdings in shares of Lockheed Martin by 1.3% during the 4th quarter. Pathway Financial Advisers LLC now owns 9,844 shares of the aerospace company’s stock worth $4,784,000 after acquiring an additional 125 shares during the period. 74.19% of the stock is owned by institutional investors.

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.