Lockheed Martin Corporation (LMT) – Research Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for Lockheed Martin Corporation (NYSE: LMT):

  • 8/8/2017 – Lockheed Martin Corporation is now covered by analysts at Morgan Stanley. They set an “overweight” rating and a $342.00 price target on the stock.
  • 7/31/2017 – Lockheed Martin Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Lockheed Martin’s second-quarter results have comfortably surpassed the Zacks Consensus Estimate on both the top- and bottom-line fronts. Year-over-year results were also impressive on both fronts. However, backlog dropped year-over-year. In particular Aeronautics segment posted a strong, double-digit growth, which, in turn, boosted the company’s sales. The increased outlook for 2017 also buoyed optimism. Moreover, being the largest defense contractor in the world, Lockheed Martin continues to be a strong cash generator. The recently passed defense policy bill for 2018, with a promise of $696 billion budget, is also expected to boost growth of defense primes like Lockheed Martin. However, a comparative analysis of the company’s historical EV/EBITDA ratio reflects a relatively gloomy picture when compared with its broader industry. It's share price also underperformed the broader industry in the last one year.”
  • 7/31/2017 – Lockheed Martin Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/27/2017 – Lockheed Martin Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $325.00 price target on the stock. According to Zacks, “Lockheed Martin’s second-quarter results have comfortably surpassed the Zacks Consensus Estimate on both the top- and bottom-line fronts. Year-over-year results were also impressive on both fronts. However, backlog dropped year-over-year. In particular Aeronautics segment posted a strong, double-digit growth, which, in turn, boosted the company’s sales. The increased outlook for 2017 also buoyed optimism. Moreover, being the largest defense contractor in the world, Lockheed Martin continues to be a strong cash generator. The recently passed defense policy bill for 2018, with a promise of $696 billion budget, is also expected to boost growth of defense primes like Lockheed Martin. However, a comparative analysis of the company’s historical EV/EBITDA ratio reflects a relatively gloomy picture when compared with its broader industry.”
  • 7/20/2017 – Lockheed Martin Corporation had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada.
  • 7/19/2017 – Lockheed Martin Corporation had its “neutral” rating reaffirmed by analysts at Credit Suisse Group. They now have a $300.00 price target on the stock, up previously from $280.00.
  • 7/19/2017 – Lockheed Martin Corporation had its “buy” rating reaffirmed by analysts at Argus. They now have a $320.00 price target on the stock, up previously from $100.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 7/19/2017 – Lockheed Martin Corporation had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $320.00 price target on the stock, up previously from $300.00.
  • 7/17/2017 – Lockheed Martin Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $323.00 price target on the stock. According to Zacks, “Being the largest defense contractor in the world, Lockheed Martin continues to be a strong cash generator. Moreover, the proposed budget of fiscal 2018 hinted at the U.S. government to spend more on defense primes like Lockheed Martin. Apart from its strong foray in the U.S., the company also boasts a strong opportunity in the ever-expanding international defense market. However, majority of Lockheed Martin’s sales are derived from government contracts. This limits the company’s commercial exposure and almost full government dependency may prove fatal in maintaining its margins and bottom line. Also, a comparative analysis of the company’s historical EV/EBITDA ratio, reflects a relatively gloomy picture when compared to its broader industry’s ratio. All these concerns caused Lockheed Martin to underperform the Zacks categorized Aerospace-Defense industry during the last one year.”
  • 7/14/2017 – Lockheed Martin Corporation had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $240.00 price target on the stock.
  • 7/12/2017 – Lockheed Martin Corporation had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $263.00 price target on the stock.
  • 7/11/2017 – Lockheed Martin Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Majority of Lockheed Martin’s sales are derived from government contracts. This limits the company’s commercial exposure and almost full government dependency may prove fatal in maintaining its margins and bottom line. Moreover, its F-35 program that earns a major share of its revenue has been repeatedly criticised by President Trump, as an ‘overtly expensive’ project. This may lead to reduced demand for these fighter jets, which in turn may affect its revenue growth. Also, a comparative analysis of the company’s historical EV/EBITDA ratio, reflects a relatively gloomy picture when compared to its broader industry’s ratio. All these concerns caused Lockheed Martin to underperform the Zacks categorized Aerospace-Defense industry during the last one year. Nevertheless, being the largest defense contractor in the world, Lockheed Martin continues to be a strong cash generator.”
  • 7/8/2017 – Lockheed Martin Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/27/2017 – Lockheed Martin Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/17/2017 – Lockheed Martin Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/12/2017 – Lockheed Martin Corporation had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $240.00 price target on the stock.

Shares of Lockheed Martin Corporation (NYSE LMT) opened at 303.25 on Friday. Lockheed Martin Corporation has a 1-year low of $228.50 and a 1-year high of $307.10. The firm has a 50-day moving average price of $288.14 and a 200-day moving average price of $273.98. The stock has a market cap of $87.33 billion, a price-to-earnings ratio of 17.60 and a beta of 0.60.

Lockheed Martin Corporation (NYSE:LMT) last released its quarterly earnings data on Tuesday, July 18th. The aerospace company reported $3.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.10 by $0.13. The company had revenue of $12.69 billion for the quarter, compared to analyst estimates of $12.43 billion. Lockheed Martin Corporation had a return on equity of 221.92% and a net margin of 10.37%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.32 earnings per share. Equities analysts forecast that Lockheed Martin Corporation will post $12.63 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be paid a dividend of $1.82 per share. This represents a $7.28 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Wednesday, August 30th. Lockheed Martin Corporation’s dividend payout ratio (DPR) is currently 42.52%.

In other news, Chairman Marillyn A. Hewson sold 26,000 shares of the company’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $290.53, for a total value of $7,553,780.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Maryanne Lavan sold 10,000 shares of the company’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $290.11, for a total value of $2,901,100.00. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

Lockheed Martin Corporation is a security and aerospace company. The Company operates through four segments. Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies.

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