Credit Suisse Group reissued their neutral rating on shares of Lockheed Martin (NYSE:LMT) in a report released on Friday.

A number of other research analysts also recently weighed in on the company. Zacks Investment Research raised Lockheed Martin from a hold rating to a buy rating and set a $373.00 price objective on the stock in a research note on Friday. Wells Fargo & Co downgraded Lockheed Martin from an outperform rating to a market perform rating in a research report on Tuesday. Vetr downgraded Lockheed Martin from a buy rating to a hold rating and set a $332.40 price target on the stock. in a research report on Thursday, January 4th. Royal Bank of Canada set a $314.00 price target on Lockheed Martin and gave the stock a hold rating in a research report on Wednesday, November 15th. Finally, Bank of America set a $360.00 price target on Lockheed Martin and gave the stock a buy rating in a research report on Friday, October 27th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $327.10.

Shares of Lockheed Martin (NYSE:LMT) traded down $1.00 during mid-day trading on Friday, hitting $332.00. The company had a trading volume of 1,478,147 shares, compared to its average volume of 1,020,000. The company has a debt-to-equity ratio of 6.56, a current ratio of 1.32 and a quick ratio of 0.95. Lockheed Martin has a 1-year low of $248.00 and a 1-year high of $336.67. The company has a market cap of $95,200.00, a P/E ratio of 26.93, a price-to-earnings-growth ratio of 3.27 and a beta of 0.58.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, October 24th. The aerospace company reported $3.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.26 by ($0.02). Lockheed Martin had a net margin of 7.31% and a return on equity of 221.41%. The company had revenue of $12.17 billion during the quarter, compared to the consensus estimate of $12.83 billion. During the same period in the previous year, the business posted $3.61 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. sell-side analysts predict that Lockheed Martin will post 13.11 earnings per share for the current fiscal year.

Lockheed Martin declared that its Board of Directors has approved a stock buyback program on Thursday, September 28th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the aerospace company to repurchase up to 2.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

In other news, Director Daniel F. Akerson acquired 2,500 shares of the stock in a transaction dated Wednesday, October 25th. The shares were acquired at an average cost of $312.02 per share, for a total transaction of $780,050.00. Following the completion of the transaction, the director now owns 7,432 shares in the company, valued at approximately $2,318,932.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dale P. Bennett sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $313.75, for a total value of $627,500.00. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

A hedge fund recently bought a new stake in Lockheed Martin stock. Buckingham Capital Management Inc. acquired a new stake in shares of Lockheed Martin Co. (NYSE:LMT) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 670 shares of the aerospace company’s stock, valued at approximately $208,000. Institutional investors and hedge funds own 78.81% of the company’s stock.

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About Lockheed Martin

Lockheed Martin Corporation is a security and aerospace company. The Company operates through four segments. Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies.

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