Lockheed Martin (NYSE:LMT) Stock Price Down 0.8%

Lockheed Martin Co. (NYSE:LMT)’s stock price was down 0.8% during mid-day trading on Wednesday . The company traded as low as $464.21 and last traded at $464.52. Approximately 79,777 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 1,074,321 shares. The stock had previously closed at $468.07.

Wall Street Analyst Weigh In

A number of analysts have issued reports on LMT shares. JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $475.00 to $518.00 in a research note on Monday, April 15th. The Goldman Sachs Group reduced their price objective on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research note on Tuesday, April 23rd. StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. Citigroup boosted their target price on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Lockheed Martin has a consensus rating of “Hold” and an average price target of $485.40.

Lockheed Martin Price Performance

The stock’s 50-day simple moving average is $464.34 and its 200 day simple moving average is $450.00. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. The company has a market cap of $111.95 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 4.41 and a beta of 0.47.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The company had revenue of $17.20 billion for the quarter, compared to analysts’ expectations of $16.04 billion. During the same quarter in the prior year, the company posted $6.43 earnings per share. Lockheed Martin’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, equities research analysts anticipate that Lockheed Martin Co. will post 26.17 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be paid a dividend of $3.15 per share. The ex-dividend date is Monday, June 3rd. This represents a $12.60 dividend on an annualized basis and a yield of 2.70%. Lockheed Martin’s dividend payout ratio (DPR) is presently 46.10%.

Institutional Trading of Lockheed Martin

A number of institutional investors and hedge funds have recently bought and sold shares of the business. HM Payson & Co. increased its stake in Lockheed Martin by 1.4% during the first quarter. HM Payson & Co. now owns 10,306 shares of the aerospace company’s stock worth $4,688,000 after purchasing an additional 142 shares during the period. SRN Advisors LLC increased its stake in Lockheed Martin by 4.7% during the first quarter. SRN Advisors LLC now owns 2,019 shares of the aerospace company’s stock worth $918,000 after purchasing an additional 90 shares during the period. NBW Capital LLC increased its stake in Lockheed Martin by 6.6% during the first quarter. NBW Capital LLC now owns 514 shares of the aerospace company’s stock worth $234,000 after purchasing an additional 32 shares during the period. Keynote Financial Services LLC purchased a new stake in Lockheed Martin during the first quarter worth about $761,000. Finally, IMS Capital Management increased its stake in Lockheed Martin by 7.9% during the first quarter. IMS Capital Management now owns 2,344 shares of the aerospace company’s stock worth $1,066,000 after purchasing an additional 171 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

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.