Lockheed Martin (NYSE:LMT) PT Raised to $620.00 at Deutsche Bank Aktiengesellschaft

Lockheed Martin (NYSE:LMT) had its target price boosted by Deutsche Bank Aktiengesellschaft from $600.00 to $620.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the aerospace company’s stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 2.46% from the company’s current price.

A number of other research firms have also commented on LMT. StockNews.com lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Morgan Stanley upped their price objective on shares of Lockheed Martin from $503.00 to $599.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Wells Fargo & Company boosted their price target on shares of Lockheed Martin from $483.00 to $525.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Susquehanna raised their price objective on shares of Lockheed Martin from $540.00 to $565.00 and gave the company a “positive” rating in a research report on Wednesday, July 24th. Finally, TD Cowen raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $480.00 to $560.00 in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $562.54.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $605.14 on Thursday. The firm has a market capitalization of $145.20 billion, a P/E ratio of 22.14, a PEG ratio of 4.66 and a beta of 0.47. Lockheed Martin has a one year low of $393.77 and a one year high of $611.49. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.24 and a quick ratio of 1.07. The business has a fifty day moving average price of $565.71 and a 200-day moving average price of $499.21.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 EPS for the quarter, topping the consensus estimate of $6.45 by $0.66. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The business had revenue of $18.12 billion during the quarter, compared to the consensus estimate of $17.05 billion. During the same quarter last year, the company earned $6.73 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. As a group, equities research analysts forecast that Lockheed Martin will post 26.65 EPS for the current year.

Insider Buying and Selling

In other Lockheed Martin news, insider Timothy S. Cahill sold 3,975 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the completion of the transaction, the insider now owns 8,877 shares of the company’s stock, valued at $4,574,850.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.17% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Cibc World Markets Corp boosted its position in Lockheed Martin by 106.3% during the 4th quarter. Cibc World Markets Corp now owns 31,292 shares of the aerospace company’s stock valued at $14,183,000 after acquiring an additional 16,121 shares in the last quarter. Exencial Wealth Advisors LLC grew its position in shares of Lockheed Martin by 7.4% in the 4th quarter. Exencial Wealth Advisors LLC now owns 4,825 shares of the aerospace company’s stock worth $2,187,000 after buying an additional 332 shares during the period. Stephens Inc. AR increased its stake in shares of Lockheed Martin by 4.5% in the 4th quarter. Stephens Inc. AR now owns 20,762 shares of the aerospace company’s stock worth $9,410,000 after acquiring an additional 895 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Lockheed Martin by 1.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 716,832 shares of the aerospace company’s stock valued at $324,897,000 after acquiring an additional 9,136 shares during the period. Finally, Angeles Wealth Management LLC purchased a new stake in Lockheed Martin in the fourth quarter worth about $320,000. 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.