Lockheed Martin (NYSE:LMT) Trading Up 0.5% – Here’s Why

Lockheed Martin Co. (NYSE:LMT) traded up 0.5% during mid-day trading on Wednesday . The company traded as high as $466.96 and last traded at $466.45. 214,797 shares were traded during trading, a decline of 78% from the average session volume of 981,757 shares. The stock had previously closed at $463.96.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. Susquehanna cut their price target on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. boosted their target price on Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Robert W. Baird raised their price target on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Finally, StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Lockheed Martin presently has an average rating of “Moderate Buy” and an average price target of $591.21.

Lockheed Martin Price Performance

The stock has a market capitalization of $110.50 billion, a PE ratio of 16.88, a PEG ratio of 4.05 and a beta of 0.48. The firm’s fifty day moving average price is $516.04 and its two-hundred day moving average price is $535.36. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating 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 firm had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. During the same period in the prior year, the firm earned $6.77 EPS. The company’s revenue was up 1.3% compared to the same quarter last year. On average, equities analysts predict that Lockheed Martin Co. will post 26.88 earnings per share for the current year.

Institutional Trading of Lockheed Martin

Large investors have recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. purchased a new position in shares of Lockheed Martin during the 3rd quarter valued at about $26,000. Burkett Financial Services LLC purchased a new position in Lockheed Martin during the third quarter valued at approximately $32,000. Mattson Financial Services LLC bought a new position in shares of Lockheed Martin in the second quarter worth approximately $27,000. Sachetta LLC increased its stake in shares of Lockheed Martin by 50.0% in the second quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 20 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of Lockheed Martin during the 3rd quarter valued at $40,000. 74.19% of the stock is currently owned by 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.