Lockheed Martin (NYSE:LMT) Trading Up 0.6% – What’s Next?

Lockheed Martin Co. (NYSE:LMT) shares traded up 0.6% during trading on Tuesday . The stock traded as high as $473.42 and last traded at $468.59. Approximately 371,734 shares were traded during trading, a decline of 60% from the average session volume of 928,180 shares. The stock had previously closed at $466.00.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. TD Cowen boosted their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. UBS Group raised their price target on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price objective for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Royal Bank of Canada lowered their price target on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Finally, StockNews.com lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $601.79.

Lockheed Martin Stock Down 0.3 %

The stock’s 50 day simple moving average is $517.70 and its two-hundred day simple moving average is $535.38. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The firm has a market cap of $110.13 billion, a P/E ratio of 16.82, a P/E/G ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping the consensus estimate of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The company had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. During the same period last year, the company earned $6.77 EPS. Lockheed Martin’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, research analysts forecast that Lockheed Martin Co. will post 26.88 earnings per share for the current year.

Institutional Investors Weigh In On Lockheed Martin

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LMT. Lantz Financial LLC increased its position in Lockheed Martin by 2.6% during the second quarter. Lantz Financial LLC now owns 4,882 shares of the aerospace company’s stock valued at $2,281,000 after acquiring an additional 123 shares during the last quarter. Savant Capital LLC raised its holdings in Lockheed Martin by 12.4% in the second quarter. Savant Capital LLC now owns 7,715 shares of the aerospace company’s stock worth $3,604,000 after purchasing an additional 852 shares in the last quarter. Strategic Financial Concepts LLC grew its holdings in Lockheed Martin by 27,457.9% in the second quarter. Strategic Financial Concepts LLC now owns 132,278 shares of the aerospace company’s stock worth $618,000 after purchasing an additional 131,798 shares during the last quarter. Chris Bulman Inc purchased a new stake in Lockheed Martin in the second quarter valued at about $62,000. Finally, Acadian Asset Management LLC grew its position in Lockheed Martin by 31.0% during the 2nd quarter. Acadian Asset Management LLC now owns 33,130 shares of the aerospace company’s stock worth $15,467,000 after purchasing an additional 7,847 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

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.