UBS Group Raises Lockheed Martin (NYSE:LMT) Price Target to $538.00

Lockheed Martin (NYSE:LMT) had its target price boosted by research analysts at UBS Group from $511.00 to $538.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the aerospace company’s stock. UBS Group’s price objective suggests a potential upside of 5.39% from the stock’s previous close.

Several other research firms have also recently weighed in on LMT. Citigroup raised their price objective on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. TD Cowen raised Lockheed Martin from a “hold” rating to a “buy” rating and upped their price objective for the stock from $480.00 to $560.00 in a report on Wednesday. Wells Fargo & Company lifted their target price on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. Susquehanna raised their price target on Lockheed Martin from $540.00 to $565.00 and gave the company a “positive” rating in a report on Wednesday. Finally, The Goldman Sachs Group cut their target price on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $502.09.

Lockheed Martin Price Performance

Shares of NYSE LMT traded up $9.19 during mid-day trading on Wednesday, hitting $510.48. 918,369 shares of the stock were exchanged, compared to its average volume of 1,067,501. The company has a market cap of $122.48 billion, a P/E ratio of 18.55, a PEG ratio of 4.48 and a beta of 0.46. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30. Lockheed Martin has a twelve month low of $393.77 and a twelve month high of $513.08. The stock’s fifty day simple moving average is $466.26 and its two-hundred day simple moving average is $452.54.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.45 by $0.66. The firm had revenue of $18.12 billion during the quarter, compared to the consensus estimate of $17.05 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.73 EPS. As a group, analysts forecast that Lockheed Martin will post 26.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. boosted its stake in Lockheed Martin by 14.9% in the 4th quarter. Franklin Resources Inc. now owns 2,589,447 shares of the aerospace company’s stock worth $1,173,641,000 after purchasing an additional 336,588 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Lockheed Martin by 10,526.6% during the fourth quarter. International Assets Investment Management LLC now owns 1,362,228 shares of the aerospace company’s stock worth $617,416,000 after buying an additional 1,349,409 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Lockheed Martin by 2.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,038,161 shares of the aerospace company’s stock valued at $470,536,000 after acquiring an additional 27,349 shares in the last quarter. Capital Research Global Investors boosted its position in Lockheed Martin by 29.7% during the 1st quarter. Capital Research Global Investors now owns 953,285 shares of the aerospace company’s stock worth $433,621,000 after acquiring an additional 218,506 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Lockheed Martin by 1.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 716,832 shares of the aerospace company’s stock worth $324,897,000 after acquiring an additional 9,136 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Company Profile

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.