Lockheed Martin (NYSE:LMT) Price Target Increased to $499.00 by Analysts at UBS Group

Lockheed Martin (NYSE:LMT) had its price target upped by UBS Group from $482.00 to $499.00 in a report released on Wednesday, Benzinga reports. They currently have a neutral rating on the aerospace company’s stock.

A number of other research firms have also issued reports on LMT. Susquehanna dropped 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. Deutsche Bank Aktiengesellschaft upped their price target on Lockheed Martin from $438.00 to $472.00 in a research report on Monday, January 22nd. JPMorgan Chase & Co. upgraded Lockheed Martin from a neutral rating to an overweight rating and upped their price target for the company from $475.00 to $518.00 in a research report on Monday, April 15th. The Goldman Sachs Group dropped their price target on Lockheed Martin from $380.00 to $377.00 and set a sell rating for the company in a research report on Tuesday. Finally, Morgan Stanley lowered their price objective 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $479.90.

Lockheed Martin Price Performance

NYSE:LMT opened at $459.13 on Wednesday. Lockheed Martin has a 12 month low of $393.77 and a 12 month high of $480.92. The stock has a 50 day moving average of $442.16 and a two-hundred day moving average of $444.14. 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 firm has a market cap of $110.42 billion, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 4.21 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping the consensus estimate of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The company had revenue of $17.20 billion during the quarter, compared to analyst estimates of $16.04 billion. During the same period in the previous year, the business earned $6.43 EPS. Lockheed Martin’s quarterly revenue was up 13.7% on a year-over-year basis. On average, analysts expect that Lockheed Martin will post 26.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total value of $2,675,102.76. Following the sale, the insider now directly owns 12,604 shares in the company, valued at $5,434,718.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction on 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 completion of the sale, 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. Insiders have sold 16,874 shares of company stock worth $7,249,946 over the last ninety days. Corporate insiders own 0.17% of the company’s stock.

Institutional Trading of Lockheed Martin

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Triumph Capital Management raised its stake in Lockheed Martin by 3.1% in the third quarter. Triumph Capital Management now owns 723 shares of the aerospace company’s stock valued at $296,000 after buying an additional 22 shares in the last quarter. Abbrea Capital LLC raised its stake in Lockheed Martin by 1.7% in the third quarter. Abbrea Capital LLC now owns 1,397 shares of the aerospace company’s stock valued at $571,000 after buying an additional 23 shares in the last quarter. Pinnacle Wealth Planning Services Inc. raised its stake in Lockheed Martin by 1.6% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,429 shares of the aerospace company’s stock valued at $584,000 after buying an additional 23 shares in the last quarter. Duncker Streett & Co. Inc. raised its stake in Lockheed Martin by 1.2% in the third quarter. Duncker Streett & Co. Inc. now owns 2,013 shares of the aerospace company’s stock valued at $823,000 after buying an additional 24 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA raised its stake in Lockheed Martin by 0.7% in the third quarter. Compagnie Lombard Odier SCmA now owns 3,375 shares of the aerospace company’s stock valued at $1,380,000 after buying an additional 25 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.