Lockheed Martin (NYSE:LMT) Rating Lowered to “Hold” at Melius

Lockheed Martin (NYSE:LMT) was downgraded by Melius from a “buy” rating to a “hold” rating in a report issued on Monday, MarketBeat reports.

LMT has been the subject of a number of other reports. StockNews.com downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Barclays dropped their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Truist Financial started coverage on Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 target price on the stock. UBS Group dropped their price target on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Finally, Citigroup reduced their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and an average price target of $544.20.

Lockheed Martin Stock Down 5.7 %

LMT stock opened at $440.26 on Monday. Lockheed Martin has a fifty-two week low of $419.70 and a fifty-two week high of $618.95. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The stock has a market capitalization of $103.63 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 2.07 and a beta of 0.43. The business’s fifty day moving average price is $460.94 and its two-hundred day moving average price is $514.45.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, equities analysts anticipate that Lockheed Martin will post 27.15 earnings per share for the current year.

Insider Activity at Lockheed Martin

In related news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the completion of the sale, the insider now directly owns 2,000 shares in the company, valued at $884,840. This represents a 61.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Harry Edward Paul III sold 707 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the sale, the vice president now owns 2,278 shares in the company, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,133 shares of company stock worth $3,155,916 in the last quarter. 0.17% of the stock is owned by insiders.

Institutional Trading of Lockheed Martin

Several institutional investors have recently added to or reduced their stakes in LMT. Itau Unibanco Holding S.A. acquired a new position in shares of Lockheed Martin in the 3rd quarter worth approximately $26,000. Millstone Evans Group LLC bought a new position in Lockheed Martin during the fourth quarter worth $32,000. Mizuho Securities Co. Ltd. acquired a new position in Lockheed Martin in the fourth quarter valued at $34,000. Heck Capital Advisors LLC bought a new stake in Lockheed Martin during the fourth quarter valued at $35,000. Finally, Redwood Park Advisors LLC bought a new stake in Lockheed Martin during the fourth 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.