Morgan Stanley Analysts Give Lockheed Martin (LMT) a $386.00 Price Target

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Lockheed Martin (NYSE:LMT) has been given a $386.00 target price by research analysts at Morgan Stanley in a note issued to investors on Thursday. The firm presently has a “buy” rating on the aerospace company’s stock. Morgan Stanley’s price target points to a potential upside of 17.82% from the stock’s current price.

A number of other brokerages also recently commented on LMT. Credit Suisse Group boosted their price objective on Lockheed Martin from $340.00 to $368.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 3rd. Zacks Investment Research downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, October 5th. Bank of America upped their price target on Lockheed Martin from $400.00 to $412.00 and gave the company a “buy” rating in a report on Wednesday, July 25th. Berenberg Bank raised Lockheed Martin from a “hold” rating to a “buy” rating in a report on Thursday, July 26th. Finally, Stifel Nicolaus lowered their price target on Lockheed Martin from $400.00 to $370.00 and set a “buy” rating for the company in a report on Wednesday, July 25th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $377.14.

Shares of Lockheed Martin stock opened at $327.62 on Thursday. Lockheed Martin has a one year low of $291.52 and a one year high of $363.00. The stock has a market cap of $98.52 billion, a PE ratio of 24.58, a P/E/G ratio of 2.74 and a beta of 0.71. The company has a debt-to-equity ratio of 28.14, a current ratio of 1.19 and a quick ratio of 0.97.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, July 24th. The aerospace company reported $4.31 EPS for the quarter, topping the Zacks’ consensus estimate of $3.92 by $0.39. Lockheed Martin had a return on equity of 944.31% and a net margin of 5.00%. The business had revenue of $13.40 billion during the quarter, compared to the consensus estimate of $12.72 billion. During the same period in the previous year, the company posted $3.23 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, sell-side analysts predict that Lockheed Martin will post 17.21 earnings per share for the current year.

Lockheed Martin announced that its board has authorized a stock buyback plan on Thursday, September 27th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the aerospace company to purchase up to 1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

In other news, SVP Maryanne Lavan sold 7,250 shares of the stock in a transaction that occurred on Wednesday, July 25th. The stock was sold at an average price of $323.64, for a total value of $2,346,390.00. Following the completion of the sale, the senior vice president now directly owns 9,869 shares of the company’s stock, valued at $3,194,003.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Marillyn A. Hewson sold 25,000 shares of the stock in a transaction that occurred on Friday, July 27th. The shares were sold at an average price of $323.68, for a total value of $8,092,000.00. Following the completion of the sale, the chairman now directly owns 90,625 shares of the company’s stock, valued at $29,333,500. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Canton Hathaway LLC acquired a new stake in shares of Lockheed Martin in the third quarter valued at approximately $104,000. FTB Advisors Inc. boosted its holdings in shares of Lockheed Martin by 142.6% in the second quarter. FTB Advisors Inc. now owns 359 shares of the aerospace company’s stock valued at $105,000 after acquiring an additional 211 shares during the period. Fort L.P. acquired a new stake in shares of Lockheed Martin in the second quarter valued at approximately $116,000. Trilogy Capital Inc. acquired a new stake in shares of Lockheed Martin in the first quarter valued at approximately $134,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Lockheed Martin in the second quarter valued at approximately $117,000. 77.84% of the stock is owned by institutional investors and hedge funds.

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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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Analyst Recommendations for Lockheed Martin (NYSE:LMT)

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