Lockheed Martin (NYSE:LMT) Trading Up 0.5% – Should You Buy?

Lockheed Martin Co. (NYSE:LMT)’s share price was up 0.5% during trading on Wednesday . The company traded as high as $486.53 and last traded at $485.94. Approximately 731,840 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 1,092,156 shares. The stock had previously closed at $483.37.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LMT. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price target for the company from $611.00 to $523.00 in a report on Thursday. Citigroup upped their target price on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. lifted their price target on shares of Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Robert W. Baird boosted their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Finally, Susquehanna dropped their target price on shares of Lockheed Martin from $705.00 to $695.00 and set a “positive” rating on the stock in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and an average target price of $605.36.

Lockheed Martin Price Performance

The firm has a 50 day moving average price of $521.08 and a 200 day moving average price of $534.18. The stock has a market capitalization of $114.31 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 4.05 and a beta of 0.47. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The business had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.38 billion. During the same quarter in the prior year, the business posted $6.77 earnings per share. The business’s quarterly revenue was up 1.3% on a year-over-year basis. Research analysts anticipate that Lockheed Martin Co. will post 26.88 earnings per share for the current year.

Institutional Trading of Lockheed Martin

Several institutional investors and hedge funds have recently modified their holdings of the company. Itau Unibanco Holding S.A. purchased a new stake in Lockheed Martin in the 3rd quarter worth $26,000. Mattson Financial Services LLC purchased a new position in shares of Lockheed Martin in the second quarter valued at about $27,000. Sachetta LLC boosted 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 acquiring an additional 20 shares during the period. Burkett Financial Services LLC purchased a new stake in shares of Lockheed Martin during the third quarter worth about $32,000. Finally, Capital Performance Advisors LLP bought a new stake in Lockheed Martin during the 3rd quarter valued at approximately $40,000. 74.19% of the stock is currently owned by institutional investors.

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.