Lockheed Martin Corp. (NYSE:LMT) has received a consensus rating of “Buy” from the twenty-one analysts that are currently covering the stock. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $266.09.

Several analysts have weighed in on the stock. Citigroup Inc. reissued a “buy” rating on shares of Lockheed Martin Corp. in a research report on Wednesday, October 26th. Deutsche Bank AG boosted their target price on shares of Lockheed Martin Corp. from $253.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, October 26th. Argus reissued a “buy” rating and set a $290.00 target price on shares of Lockheed Martin Corp. in a research report on Friday, August 5th. Robert W. Baird assumed coverage on shares of Lockheed Martin Corp. in a research report on Wednesday, October 5th. They set an “outperform” rating and a $284.00 target price on the stock. Finally, Jefferies Group reissued a “hold” rating on shares of Lockheed Martin Corp. in a research report on Wednesday, August 3rd.

Lockheed Martin Corp. (NYSE:LMT) traded up 0.02% during mid-day trading on Friday, reaching $263.32. 670,192 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $242.65 and a 200-day moving average price of $245.31. Lockheed Martin Corp. has a 12-month low of $200.47 and a 12-month high of $269.74. The stock has a market capitalization of $77.15 billion, a PE ratio of 15.40 and a beta of 0.65.

Lockheed Martin Corp. (NYSE:LMT) last released its earnings results on Tuesday, October 25th. The company reported $3.61 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.75. The company had revenue of $11.60 billion for the quarter, compared to the consensus estimate of $11.49 billion. Lockheed Martin Corp. had a net margin of 10.48% and a return on equity of 131.23%. Lockheed Martin Corp.’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.76 EPS. Equities research analysts expect that Lockheed Martin Corp. will post $12.19 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 1st will be given a dividend of $1.82 per share. The ex-dividend date is Tuesday, November 29th. This is a boost from Lockheed Martin Corp.’s previous quarterly dividend of $1.65. This represents a $7.28 dividend on an annualized basis and a yield of 2.77%. Lockheed Martin Corp.’s dividend payout ratio is currently 39.19%.

A number of institutional investors have recently bought and sold shares of the company. Schonfeld Strategic Advisors LLC bought a new position in Lockheed Martin Corp. during the first quarter worth $375,000. Squarepoint Ops LLC bought a new position in Lockheed Martin Corp. during the first quarter worth $2,011,000. Ladenburg Thalmann Financial Services Inc. boosted its position in Lockheed Martin Corp. by 1.3% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 50,824 shares of the company’s stock worth $11,258,000 after buying an additional 644 shares in the last quarter. Avalon Advisors LLC boosted its position in Lockheed Martin Corp. by 9.4% in the first quarter. Avalon Advisors LLC now owns 112,097 shares of the company’s stock worth $24,829,000 after buying an additional 9,605 shares in the last quarter. Finally, Euclid Advisors LLC boosted its position in Lockheed Martin Corp. by 115.8% in the first quarter. Euclid Advisors LLC now owns 26,775 shares of the company’s stock worth $5,931,000 after buying an additional 14,368 shares in the last quarter. Institutional investors own 82.60% of the company’s stock.

About Lockheed Martin Corp.

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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