Lockheed Martin (NYSE:LMT) Shares Up 0.3% – Here’s Why

Lockheed Martin Co. (NYSE:LMT) shot up 0.3% during trading on Thursday . The company traded as high as $443.00 and last traded at $443.10. 339,307 shares traded hands during trading, a decline of 75% from the average session volume of 1,359,769 shares. The stock had previously closed at $441.97.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LMT. Barclays dropped their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Wells Fargo & Company dropped their target price on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. TD Cowen raised their target price on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Citigroup dropped their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Finally, StockNews.com lowered Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $555.60.

Lockheed Martin Trading Down 2.7 %

The company has a 50 day moving average price of $477.08 and a 200 day moving average price of $532.86. The firm has a market cap of $99.60 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 2.12 and a beta of 0.48. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, research analysts expect that Lockheed Martin Co. will post 27.14 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be paid a dividend of $3.30 per share. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 3.12%. Lockheed Martin’s payout ratio is 59.30%.

Institutional Investors Weigh In On Lockheed Martin

A number of hedge funds have recently bought and sold shares of LMT. Creative Planning raised its holdings in shares of Lockheed Martin by 3.1% in the 3rd quarter. Creative Planning now owns 106,301 shares of the aerospace company’s stock valued at $62,139,000 after purchasing an additional 3,236 shares in the last quarter. ZWJ Investment Counsel Inc. acquired a new stake in Lockheed Martin in the third quarter valued at $216,000. One Wealth Advisors LLC purchased a new stake in Lockheed Martin during the 3rd quarter worth about $222,000. Good Life Advisors LLC lifted its holdings in Lockheed Martin by 20.9% during the 3rd quarter. Good Life Advisors LLC now owns 1,883 shares of the aerospace company’s stock worth $1,099,000 after buying an additional 326 shares during the last quarter. Finally, Greenup Street Wealth Management LLC boosted its position in shares of Lockheed Martin by 102.5% during the 3rd quarter. Greenup Street Wealth Management LLC now owns 4,223 shares of the aerospace company’s stock worth $2,469,000 after acquiring an additional 2,138 shares in the last quarter. Institutional investors and hedge funds 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.