Shares of Lockheed Martin Corp. (NYSE:LMT) have received a consensus recommendation of “Hold” from the twenty ratings firms that are presently covering the firm. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $260.45.

Several research firms have weighed in on LMT. Argus lifted their target price on Lockheed Martin Corp. from $255.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, July 20th. Citigroup Inc. reiterated a “buy” rating and set a $284.00 target price (up from $239.00) on shares of Lockheed Martin Corp. in a report on Tuesday, September 6th. Robert W. Baird began coverage on Lockheed Martin Corp. in a report on Wednesday, October 5th. They set an “outperform” rating and a $284.00 target price on the stock. Zacks Investment Research upgraded Lockheed Martin Corp. from a “hold” rating to a “buy” rating and set a $288.00 target price on the stock in a report on Monday, July 18th. Finally, Jefferies Group reiterated a “hold” rating on shares of Lockheed Martin Corp. in a report on Wednesday, August 3rd.

Shares of Lockheed Martin Corp. (NYSE:LMT) remained flat at $232.99 on Friday. 531,488 shares of the stock traded hands. The firm’s 50 day moving average is $240.29 and its 200 day moving average is $241.86. The company has a market cap of $70.57 billion, a PE ratio of 19.40 and a beta of 0.59. Lockheed Martin Corp. has a 1-year low of $200.47 and a 1-year high of $266.93.

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

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

In related news, insider Orlando D. Carvalho sold 12,700 shares of the stock in a transaction that occurred on Friday, July 22nd. The stock was 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 of the company’s stock, valued at $7,419,193.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Sondra L. Barbour sold 66,460 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $255.74, for a total value of $16,996,480.40. Following the sale, the insider now directly owns 31,200 shares in the company, valued at approximately $7,979,088. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Keeley Asset Management Corp increased its stake in shares of Lockheed Martin Corp. by 0.3% in the second quarter. Keeley Asset Management Corp now owns 966 shares of the company’s stock worth $240,000 after buying an additional 3 shares in the last quarter. Paragon Capital Management Ltd increased its stake in shares of Lockheed Martin Corp. by 0.4% in the second quarter. Paragon Capital Management Ltd now owns 1,053 shares of the company’s stock worth $261,000 after buying an additional 4 shares in the last quarter. Glassman Wealth Services increased its stake in shares of Lockheed Martin Corp. by 0.5% in the second quarter. Glassman Wealth Services now owns 838 shares of the company’s stock worth $208,000 after buying an additional 4 shares in the last quarter. Burns J W & Co. Inc. NY increased its stake in shares of Lockheed Martin Corp. by 0.4% in the second quarter. Burns J W & Co. Inc. NY now owns 1,388 shares of the company’s stock worth $344,000 after buying an additional 5 shares in the last quarter. Finally, Chicago Partners Investment Group LLC increased its stake in shares of Lockheed Martin Corp. by 0.7% in the second quarter. Chicago Partners Investment Group LLC now owns 1,022 shares of the company’s stock worth $254,000 after buying an additional 7 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Corp. Company Profile

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.

5 Day Chart for NYSE:LMT

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