Shares of Lockheed Martin Co. (NYSE:LMT) have earned an average rating of “Buy” from the eighteen analysts that are presently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $374.16.
A number of equities research analysts recently commented on LMT shares. Zacks Investment Research raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $373.00 price objective on the stock in a research note on Friday, January 19th. Stifel Nicolaus increased their price objective on shares of Lockheed Martin from $320.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Vetr cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating and set a $349.96 price objective on the stock. in a research note on Monday, November 13th. Bank of America set a $360.00 price objective on shares of Lockheed Martin and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, Citigroup raised their price target on shares of Lockheed Martin from $355.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th.
Shares of Lockheed Martin (LMT) traded up $1.26 on Tuesday, hitting $361.79. 362,181 shares of the stock were exchanged, compared to its average volume of 1,579,626. The company has a debt-to-equity ratio of -22.19, a current ratio of 1.38 and a quick ratio of 1.03. The stock has a market cap of $102,960.00, a P/E ratio of 27.51, a PEG ratio of 3.18 and a beta of 0.73. Lockheed Martin has a 1-year low of $263.18 and a 1-year high of $363.00.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Thursday, March 1st will be given a $2.00 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $8.00 annualized dividend and a dividend yield of 2.21%. Lockheed Martin’s dividend payout ratio is presently 61.12%.
In related news, insider Dale P. Bennett sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $313.75, for a total value of $627,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Richard F. Ambrose sold 7,517 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $357.89, for a total transaction of $2,690,259.13. The disclosure for this sale can be found here. Insiders sold 28,517 shares of company stock worth $9,905,819 over the last three months. Corporate insiders own 0.39% of the company’s stock.
A hedge fund recently bought a new stake in Lockheed Martin stock. Buckingham Capital Management Inc. acquired a new position in Lockheed Martin Co. (NYSE:LMT) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 670 shares of the aerospace company’s stock, valued at approximately $208,000. Institutional investors own 78.71% of the company’s stock.
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About Lockheed Martin
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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