Lockheed Martin Co. (NYSE:LMT) has been assigned an average rating of “Hold” from the twenty research firms that are currently covering the company, MarketBeat.com reports. Ten research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $372.96.
LMT has been the topic of a number of research reports. Zacks Investment Research lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. Barclays initiated coverage on shares of Lockheed Martin in a report on Thursday, March 29th. They set an “equal weight” rating and a $369.00 target price on the stock. Morgan Stanley reduced their target price on shares of Lockheed Martin from $388.00 to $373.00 and set an “overweight” rating on the stock in a report on Thursday, April 12th. Cowen reissued a “hold” rating and set a $370.00 target price on shares of Lockheed Martin in a report on Tuesday, April 24th. Finally, TheStreet raised shares of Lockheed Martin from a “c” rating to a “b-” rating in a report on Tuesday, April 24th.
Several hedge funds and other institutional investors have recently modified their holdings of the company. KCM Investment Advisors LLC lifted its position in shares of Lockheed Martin by 2.4% during the 4th quarter. KCM Investment Advisors LLC now owns 18,912 shares of the aerospace company’s stock valued at $6,072,000 after acquiring an additional 445 shares during the period. D.B. Root & Company LLC acquired a new position in shares of Lockheed Martin during the 4th quarter valued at $971,000. Fairfield Bush & CO. lifted its position in shares of Lockheed Martin by 34.5% during the 4th quarter. Fairfield Bush & CO. now owns 4,480 shares of the aerospace company’s stock valued at $1,438,000 after acquiring an additional 1,150 shares during the period. Certified Advisory Corp acquired a new position in Lockheed Martin during the fourth quarter worth $1,362,000. Finally, Elkfork Partners LLC acquired a new position in Lockheed Martin during the fourth quarter worth $2,113,000. Hedge funds and other institutional investors own 77.87% of the company’s stock.
Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, April 24th. The aerospace company reported $4.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.35 by $0.67. The company had revenue of $11.64 billion for the quarter, compared to analyst estimates of $11.25 billion. Lockheed Martin had a net margin of 4.64% and a return on equity of 608.95%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $3.00 EPS. research analysts anticipate that Lockheed Martin will post 16.09 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 22nd. Stockholders of record on Friday, June 1st were given a $2.00 dividend. The ex-dividend date was Thursday, May 31st. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.66%. Lockheed Martin’s dividend payout ratio (DPR) is currently 60.02%.
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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
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