Deutsche Bank Aktiengesellschaft Cuts Lockheed Martin (NYSE:LMT) Price Target to $492.00

Lockheed Martin (NYSE:LMT) had its target price decreased by Deutsche Bank Aktiengesellschaft from $517.00 to $492.00 in a report published on Wednesday morning,MarketScreener reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the aerospace company’s stock.

Several other equities research analysts have also weighed in on the stock. Royal Bank Of Canada upped their target price on shares of Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 7th. UBS Group decreased their price objective on shares of Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 22nd. BNP Paribas upgraded shares of Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, November 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Lockheed Martin in a report on Wednesday, October 8th. Finally, Susquehanna raised their price target on Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a report on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $508.72.

Lockheed Martin Price Performance

Shares of LMT stock traded up $5.15 during trading hours on Wednesday, hitting $480.03. The company had a trading volume of 1,383,011 shares, compared to its average volume of 1,321,043. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13. The firm has a market capitalization of $111.08 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 1.37 and a beta of 0.24. Lockheed Martin has a 12 month low of $410.11 and a 12 month high of $516.00. The firm’s fifty day moving average is $476.03 and its 200 day moving average is $465.68.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, beating the consensus estimate of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The business had revenue of $18.61 billion for the quarter, compared to analyst estimates of $18.45 billion. During the same quarter in the previous year, the firm earned $6.84 EPS. Lockheed Martin’s quarterly revenue was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, sell-side analysts predict that Lockheed Martin will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be issued a dividend of $3.45 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $13.80 annualized dividend and a yield of 2.9%. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio (DPR) is currently 77.05%.

Insider Buying and Selling

In other news, COO John Frank A. St sold 7,792 shares of Lockheed Martin stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total value of $3,826,183.68. Following the completion of the sale, the chief operating officer directly owned 1 shares of the company’s stock, valued at approximately $491.04. This trade represents a 99.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On Lockheed Martin

Hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC grew its holdings in shares of Lockheed Martin by 21.2% during the first quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company’s stock worth $18,038,000 after buying an additional 7,052 shares in the last quarter. Laffer Tengler Investments Inc. grew its stake in shares of Lockheed Martin by 482.6% during the 2nd quarter. Laffer Tengler Investments Inc. now owns 6,979 shares of the aerospace company’s stock worth $3,232,000 after acquiring an additional 5,781 shares in the last quarter. Modera Wealth Management LLC raised its holdings in shares of Lockheed Martin by 3.1% in the second quarter. Modera Wealth Management LLC now owns 32,333 shares of the aerospace company’s stock valued at $14,975,000 after purchasing an additional 971 shares during the last quarter. Founders Capital Management raised its holdings in shares of Lockheed Martin by 46.9% in the second quarter. Founders Capital Management now owns 14,568 shares of the aerospace company’s stock valued at $6,747,000 after purchasing an additional 4,648 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of Lockheed Martin by 10.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 49,092 shares of the aerospace company’s stock worth $22,737,000 after purchasing an additional 4,672 shares in the last quarter. Institutional investors 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.