Lockheed Martin Co. (NYSE:LMT - Free Report) - Investment analysts at Zacks Research upped their Q4 2024 earnings per share estimates for Lockheed Martin in a research report issued on Wednesday, December 18th. Zacks Research analyst R. Department now expects that the aerospace company will post earnings of $6.40 per share for the quarter, up from their previous estimate of $6.37. The consensus estimate for Lockheed Martin's current full-year earnings is $26.88 per share. Zacks Research also issued estimates for Lockheed Martin's Q2 2025 earnings at $7.28 EPS, Q1 2026 earnings at $6.83 EPS and Q2 2026 earnings at $7.70 EPS.
A number of other brokerages have also weighed in on LMT. JPMorgan Chase & Co. boosted their price objective on Lockheed Martin from $560.00 to $630.00 and gave the stock an "overweight" rating in a research report on Monday, October 14th. UBS Group boosted their price target on Lockheed Martin from $589.00 to $603.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Lockheed Martin from $600.00 to $620.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Melius raised shares of Lockheed Martin from a "hold" rating to a "buy" rating and set a $704.00 target price on the stock in a report on Tuesday, September 3rd. Finally, Royal Bank of Canada dropped their price target on shares of Lockheed Martin from $675.00 to $665.00 and set an "outperform" rating for the company in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $612.29.
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Shares of NYSE:LMT opened at $489.02 on Monday. Lockheed Martin has a 52-week low of $413.92 and a 52-week high of $618.95. The company has a market capitalization of $115.91 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 4.13 and a beta of 0.46. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. The company has a fifty day moving average of $541.05 and a 200-day moving average of $533.23.
Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $0.34. The company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The firm's revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $6.77 EPS.
Institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can boosted its holdings in Lockheed Martin by 2.1% in the third quarter. Bank of Montreal Can now owns 656,807 shares of the aerospace company's stock worth $382,498,000 after acquiring an additional 13,253 shares in the last quarter. Hilltop Holdings Inc. lifted its holdings in shares of Lockheed Martin by 79.9% in the 3rd quarter. Hilltop Holdings Inc. now owns 12,068 shares of the aerospace company's stock worth $7,054,000 after purchasing an additional 5,361 shares in the last quarter. Old West Investment Management LLC grew its position in Lockheed Martin by 6.6% in the 3rd quarter. Old West Investment Management LLC now owns 26,633 shares of the aerospace company's stock valued at $15,569,000 after purchasing an additional 1,643 shares during the period. World Investment Advisors LLC increased its stake in Lockheed Martin by 55.1% during the 3rd quarter. World Investment Advisors LLC now owns 6,468 shares of the aerospace company's stock valued at $3,781,000 after purchasing an additional 2,297 shares in the last quarter. Finally, Empower Advisory Group LLC raised its holdings in Lockheed Martin by 9.1% during the third quarter. Empower Advisory Group LLC now owns 22,016 shares of the aerospace company's stock worth $12,870,000 after buying an additional 1,843 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be issued a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.70%. This is a boost from Lockheed Martin's previous quarterly dividend of $3.15. The ex-dividend date is Monday, December 2nd. Lockheed Martin's dividend payout ratio (DPR) is presently 47.79%.
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.
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