Lockheed Martin (NYSE:LMT) Price Target Raised to $487.00 at Deutsche Bank Aktiengesellschaft

Lockheed Martin (NYSE:LMT) had its target price boosted by Deutsche Bank Aktiengesellschaft from $467.00 to $487.00 in a research report released on Thursday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the aerospace company’s stock.

A number of other analysts have also recently issued reports on the company. The Goldman Sachs Group reduced their price objective on Lockheed Martin from $380.00 to $377.00 and set a sell rating for the company in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. raised Lockheed Martin from a neutral rating to an overweight rating and boosted their price target for the stock from $475.00 to $518.00 in a research report on Monday, April 15th. Citigroup boosted their price target on Lockheed Martin from $508.00 to $525.00 and gave the stock a buy rating in a research report on Wednesday. Morgan Stanley reduced their price target on Lockheed Martin from $513.00 to $503.00 and set an equal weight rating for the company in a research report on Wednesday, January 24th. Finally, Susquehanna reduced their price target on Lockheed Martin from $550.00 to $540.00 and set a positive rating for the company in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin has a consensus rating of Hold and a consensus price target of $485.40.

Lockheed Martin Price Performance

LMT opened at $461.29 on Thursday. The stock has a market cap of $110.68 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 4.22 and a beta of 0.48. Lockheed Martin has a 1 year low of $393.77 and a 1 year high of $479.50. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 2.89. The stock has a fifty day moving average price of $443.74 and a 200 day moving average price of $444.53.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. The firm had revenue of $17.20 billion during the quarter, compared to analysts’ expectations of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter last year, the firm earned $6.43 earnings per share. Analysts forecast that Lockheed Martin will post 26.16 EPS for the current fiscal year.

Insider Transactions at Lockheed Martin

In other news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Gregory M. Ulmer sold 6,204 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the transaction, the insider now owns 12,604 shares in the company, valued at $5,434,718.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,874 shares of company stock worth $7,249,946. Company insiders own 0.17% of the company’s stock.

Hedge Funds Weigh In On Lockheed Martin

Several institutional investors and hedge funds have recently added to or reduced their stakes in LMT. Caprock Group LLC grew its stake in shares of Lockheed Martin by 1.5% in the 3rd quarter. Caprock Group LLC now owns 1,746 shares of the aerospace company’s stock valued at $714,000 after purchasing an additional 26 shares during the period. Advisory Alpha LLC grew its stake in shares of Lockheed Martin by 13.8% in the 3rd quarter. Advisory Alpha LLC now owns 1,737 shares of the aerospace company’s stock valued at $711,000 after purchasing an additional 211 shares during the period. Secure Asset Management LLC grew its stake in shares of Lockheed Martin by 2.9% in the 3rd quarter. Secure Asset Management LLC now owns 1,318 shares of the aerospace company’s stock valued at $539,000 after purchasing an additional 37 shares during the period. Oak Thistle LLC grew its stake in shares of Lockheed Martin by 66.0% in the 3rd quarter. Oak Thistle LLC now owns 2,143 shares of the aerospace company’s stock valued at $876,000 after purchasing an additional 852 shares during the period. Finally, Spirit of America Management Corp NY grew its stake in shares of Lockheed Martin by 33.3% in the 3rd quarter. Spirit of America Management Corp NY now owns 400 shares of the aerospace company’s stock valued at $164,000 after purchasing an additional 100 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Company Profile

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.