Lockheed Martin (NYSE:LMT) Shares Up 0% – Should You Buy?

Lockheed Martin Co. (NYSE:LMT)’s stock price traded up 0% during trading on Thursday . The company traded as high as $448.14 and last traded at $445.34. 404,404 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 1,140,803 shares. The stock had previously closed at $445.17.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LMT. Bank of America lowered shares of Lockheed Martin from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $685.00 to $485.00 in a research note on Monday. JPMorgan Chase & Co. cut their target price on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Truist Financial assumed coverage on Lockheed Martin in a research note on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target for the company. StockNews.com raised Lockheed Martin from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Royal Bank of Canada cut shares of Lockheed Martin from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $550.00 to $480.00 in a research note on Thursday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $539.53.

Lockheed Martin Trading Down 0.6 %

The business’s 50 day simple moving average is $458.36 and its 200 day simple moving average is $512.16. 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 cap of $104.13 billion, a P/E ratio of 19.87, a PEG ratio of 2.07 and a beta of 0.43.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) 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, analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.98%. Lockheed Martin’s dividend payout ratio is 59.30%.

Insider Activity

In other news, VP Harry Edward Paul III sold 707 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was 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 directly owns 2,278 shares in the company, valued at approximately $1,008,265.58. This trade represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the sale, the insider now directly owns 2,000 shares in the company, valued at approximately $884,840. This represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,133 shares of company stock worth $3,155,916. Insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On Lockheed Martin

Hedge funds and other institutional investors have recently made changes to their positions in the company. M1 Capital Management LLC bought a new position in Lockheed Martin in the fourth quarter valued at about $235,000. DSG Capital Advisors LLC acquired a new position in Lockheed Martin during the 4th quarter valued at about $235,000. Chancellor Financial Group WB LP bought a new position in shares of Lockheed Martin in the 4th quarter valued at about $209,000. 111 Capital acquired a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $1,155,000. Finally, Thoma Capital Management LLC bought a new stake in shares of Lockheed Martin during the fourth quarter worth approximately $524,000. 74.19% of the stock is owned by institutional investors and hedge funds.

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.