JPMorgan Chase & Co. Issues Pessimistic Forecast for Lockheed Martin (NYSE:LMT) Stock Price

Lockheed Martin (NYSE:LMT) had its price objective lowered by JPMorgan Chase & Co. from $540.00 to $535.00 in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the aerospace company’s stock.

LMT has been the topic of a number of other reports. Robert W. Baird upped their price target on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their target price for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. UBS Group lowered their price target on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a report on Wednesday. Royal Bank of Canada decreased their target price on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Barclays dropped their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

Lockheed Martin Price Performance

LMT stock opened at $459.12 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.12 and a debt-to-equity ratio of 3.10. Lockheed Martin has a 12 month low of $413.92 and a 12 month high of $618.95. The stock has a market cap of $108.07 billion, a PE ratio of 20.63, a P/E/G ratio of 3.78 and a beta of 0.48. The company has a 50-day moving average price of $495.56 and a 200 day moving average price of $536.97.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Equities research analysts anticipate that Lockheed Martin will post 27.09 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.88%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is currently 59.30%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Sierra Ocean LLC purchased a new position in shares of Lockheed Martin in the fourth quarter worth about $63,000. Monument Capital Management boosted its holdings in shares of Lockheed Martin by 2.9% in the 4th quarter. Monument Capital Management now owns 1,345 shares of the aerospace company’s stock valued at $654,000 after acquiring an additional 38 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its stake in shares of Lockheed Martin by 3.9% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 8,783 shares of the aerospace company’s stock worth $4,268,000 after acquiring an additional 330 shares during the period. J.W. Cole Advisors Inc. raised its holdings in shares of Lockheed Martin by 2.1% during the fourth quarter. J.W. Cole Advisors Inc. now owns 14,548 shares of the aerospace company’s stock worth $7,069,000 after purchasing an additional 302 shares during the last quarter. Finally, Valmark Advisers Inc. lifted its position in Lockheed Martin by 3.9% during the fourth quarter. Valmark Advisers Inc. now owns 3,887 shares of the aerospace company’s stock valued at $1,889,000 after purchasing an additional 147 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

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.