Lockheed Martin Corporation (NYSE:LMT)‘s stock had its “hold” rating reissued by equities research analysts at Jefferies Group LLC in a research report issued to clients and investors on Friday, July 14th. They currently have a $240.00 price objective on the aerospace company’s stock. Jefferies Group LLC’s price target would indicate a potential downside of 19.19% from the company’s current price.
LMT has been the topic of a number of other research reports. Zacks Investment Research cut shares of Lockheed Martin Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. BidaskClub raised shares of Lockheed Martin Corporation from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Royal Bank Of Canada reissued a “hold” rating and set a $263.00 price objective on shares of Lockheed Martin Corporation in a report on Tuesday, May 9th. Stifel Nicolaus raised their price objective on shares of Lockheed Martin Corporation from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. Finally, Cowen and Company reissued a “hold” rating and set a $265.00 price objective on shares of Lockheed Martin Corporation in a report on Tuesday, April 25th. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $286.10.
Lockheed Martin Corporation (NYSE:LMT) traded up 0.40% during mid-day trading on Friday, reaching $297.00. 796,392 shares of the company’s stock traded hands. The stock’s 50 day moving average is $284.59 and its 200-day moving average is $272.17. The stock has a market capitalization of $85.53 billion, a PE ratio of 17.23 and a beta of 0.60. Lockheed Martin Corporation has a 52 week low of $228.50 and a 52 week high of $297.00.
Lockheed Martin Corporation (NYSE:LMT) last released its quarterly earnings data on Tuesday, July 18th. The aerospace company reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.13. Lockheed Martin Corporation had a net margin of 10.37% and a return on equity of 221.92%. The company had revenue of $12.69 billion for the quarter, compared to analysts’ expectations of $12.43 billion. During the same quarter last year, the company earned $3.32 earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities analysts anticipate that Lockheed Martin Corporation will post $12.65 EPS for the current year.
In related news, SVP Maryanne Lavan sold 10,000 shares of Lockheed Martin Corporation stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $290.11, for a total value of $2,901,100.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Marillyn A. Hewson sold 26,000 shares of Lockheed Martin Corporation stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $290.53, for a total transaction of $7,553,780.00. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.
About Lockheed Martin Corporation
Lockheed Martin Corporation is a security and aerospace company. The Company operates through four segments. Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies.
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