Lockheed Martin (NYSE:LMT) Price Target Cut to $525.00 by Analysts at Morgan Stanley

Lockheed Martin (NYSE:LMT) had its target price cut by Morgan Stanley from $555.00 to $525.00 in a research report report published on Wednesday,Benzinga reports. They currently have an equal weight rating on the aerospace company’s stock.

LMT has been the subject of a number of other reports. UBS Group reduced their target price on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research note on Wednesday. Citigroup dropped their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Royal Bank of Canada dropped their price target on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Barclays dropped their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Finally, Robert W. Baird boosted their price target on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and a consensus target price of $556.13.

Lockheed Martin Trading Down 0.7 %

Lockheed Martin stock opened at $454.18 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The firm has a 50-day moving average price of $497.18 and a two-hundred day moving average price of $537.55. The firm has a market capitalization of $107.66 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 4.05 and a beta of 0.48. Lockheed Martin has a 52-week low of $413.92 and a 52-week high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. Sell-side analysts expect that Lockheed Martin will post 26.89 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a $3.30 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.91%. Lockheed Martin’s dividend payout ratio (DPR) is presently 47.79%.

Institutional Investors Weigh In On Lockheed Martin

Several hedge funds have recently made changes to their positions in LMT. Algert Global LLC purchased a new stake in shares of Lockheed Martin in the 2nd quarter valued at approximately $277,000. Regal Investment Advisors LLC lifted its position in shares of Lockheed Martin by 103.9% in the 2nd quarter. Regal Investment Advisors LLC now owns 2,235 shares of the aerospace company’s stock valued at $1,044,000 after acquiring an additional 1,139 shares in the last quarter. New Century Financial Group LLC lifted its position in shares of Lockheed Martin by 179.6% in the 2nd quarter. New Century Financial Group LLC now owns 1,258 shares of the aerospace company’s stock valued at $588,000 after acquiring an additional 808 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Lockheed Martin in the 2nd quarter valued at approximately $201,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Lockheed Martin in the 2nd quarter valued at approximately $24,001,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

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.