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Lockheed Martin (NYSE:LMT) has been downgraded to Hold by Vertical Research.

Lockheed Martin (NYSE:LMT) has been downgraded to Hold by Vertical Research.

According to Briefing.com, equity research analysts at Vertical Research lowered their rating on Lockheed Martin (NYSE: LMT) in a letter sent to investors on Friday. The analysts went from recommending that investors “buy” the stock to recommending that investors “hold” it. As of right now, they have set their sights on achieving a price of $491.00 per share for the aerospace company’s stock. Vertical Research has established a price target for the stock that, in comparison to the value of the company as it stands right now, has the potential to result in a gain of 2.92%.
Several other analysts have recently disseminated reports on the stock based on the Research they have conducted. First, Susquehanna gave the company a “positive” rating in a research note published on Wednesday, October 19. However, on the same day, they reduced their price target for Lockheed Martin stock from $539.00 to $510.00.Additionally, they rated the company as “positive,” which is a very good sign. Second, Robert W. Baird raised his rating on Lockheed Martin from “neutral” to “outperform” in a research report published on Wednesday, October 19. He also set a price objective of $513.00 on the stock. Third, the Royal Bank of Canada raised its price target on Lockheed Martin stock on Wednesday, October 19, in a research report that was made public. The new price target is $445.00, up from $420.00. In addition, the company was given a rating of “sector perform” in the report, which indicates that the bank believes the company will continue to benefit from the sector in which it operates. Finally, Wells Fargo & Company published a research report on Wednesday, October 19, stating that they had upgraded Lockheed Martin from an “underweight” rating to an “equal weight” rating and had increased their target price on the stock from $415.00 to $417.00. After what seemed like an eternity, on October 10, a research note was finally released by Wolfe Research, signaling the beginning of the company’s coverage of Lockheed Martin shares. Their report rated the stock as “peer perform,” which indicates that it is performing similarly to other stocks. Seven research analysts advise clients to buy shares of the company; six analysts counsel clients to hold onto their existing holdings; and two equity research professionals counsel clients to sell shares of the company. Currently, the stock has an average recommendation of “Hold” and a price target generally agreed upon to be $478.73. These estimates originate from the statistics database that can be found on Bloomberg.com.
The opening price of a share on the NYSE LMT on Friday was 477.07 dollars. The debt-to-equity ratio comes in at 0.96, the quick ratio to debt stands at 1.09, the current debt ratio comes in at 1.28, and so on. During the last year and a half, the price of a share of Lockheed Martin has fluctuated between a low of $357.55 and a high of $498.95. The stock has traded for $440.90 on average over the past 50 trading days, while its moving average price over the past 200 trading days is $482.21. The company’s stock has a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 2.79, and a beta value of 0.73. These metrics are based on the company’s most recent financial reports. It currently has a market capitalization of $125 billion.
Lockheed Martin (NYSE: LMT) provided the most recent results of its financial operations in a press release on October 18. The aerospace company reported quarterly earnings of $6.87 per share, which is $0.27 higher than the average forecast for the period, which was $6.60 per share. The net margin and return on equity for Lockheed Martin were quite high, coming in at 9.07% and 65.16%, respectively. The company’s most recent quarter brought in $16.58 billion in revenue, which is lower than the general average forecast of $16.69 billion for that period. The company reported a profit of $6.66 per share for the quarter, which was comparable to the previous year’s. The company’s revenue in the third quarter increased by 3.5% compared to the same period in the previous year’s financial year. According to the forecasts provided by industry analysts, Lockheed Martin should generate a profit of 26.97 cents per share throughout the current financial year.
On October 20, director John Donovan purchased 568 shares of the company’s stock, which brings us to another piece of information about Lockheed Martin. It costs 250,732.24 dollars to buy the shares, which averages $441.43 per share when divided by the number of shares purchased. Following the successful conclusion of the transaction, the director acquired 1,768 shares in the company. Based on the current market price, these shares have a value of approximately $780,448.24. Follow the link, which will take you to a document presented to the Securities and Exchange Commission. You will have the opportunity to acquire additional information regarding the transaction. The total number of shares currently in circulation represents a total ownership stake of 0.17% by company insiders.
Several institutional investors and hedge funds have recently been very active in the stock market, engaging in various transactions, including buying and selling companies. During the first three months of the year, Dakota Wealth Management saw an increase of 83.4% in the proportion of Lockheed Martin stock that it owned. The investment advisory firm now has 1,977 shares of the aerospace company’s stock, which have a value of $873,000. This is a result of Dakota Wealth Management’s purchase of an additional 899 shares during the most recent fiscal quarter. During the second quarter, Arkadios Wealth Advisors made a 70.0% increase in the proportion of Lockheed Martin stock it owned. Arcadius Wealth Advisors increased the total number of shares it owned in the aerospace company by purchasing an additional 1,531 shares during the final three months of 2018, bringing the total number of shares it owned to 3,012. According to current market standards, the 3,719 shares of company stock that Arkadios Wealth Advisors owns currently have a value of $1,599,000. During the second quarter, B. Riley Wealth Management Inc. made a 19.8 percent increase in the proportion of Lockheed Martin stock that it owns. B. Riley Wealth Management Inc. now has 10,268 shares of the aerospace company’s stock, valued at $4,415,000, after purchasing an additional 1,694 shares during the most recent quarter. This brings the total number of shares owned by the firm to 10,268. During the third quarter of this year, Patron Partners LLC increased the percentage of Lockheed Martin stock owned by 4.1%. During the most recent reporting period, Patron Partners LLC increased its stake in the aerospace business by 66 shares, bringing its total number of shares owned in the firm to 1,666, with a market value of $644,000. And finally, during the period covered by the second quarter report, Minot Wealth Management LLC witnessed a growth of 187.6% in the size of its holdings in Lockheed Martin. Minot Wealth Management LLC now

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