Lockheed Martin (NYSE:LMT) Trading Down 0.9%

Shares of Lockheed Martin Co. (NYSE:LMTGet Free Report) dropped 0.9% during mid-day trading on Wednesday . The stock traded as low as $454.00 and last traded at $454.25. Approximately 143,216 shares changed hands during trading, a decline of 87% from the average daily volume of 1,074,584 shares. The stock had previously closed at $458.48.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group cut their target price on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research note on Tuesday, April 23rd. StockNews.com raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $475.00 to $518.00 in a research report on Monday, April 15th. UBS Group upped their target price on shares of Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and an average price target of $485.40.

Get Our Latest Research Report on Lockheed Martin

Lockheed Martin Stock Up 1.8 %

The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89. The firm has a market cap of $110.55 billion, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 4.26 and a beta of 0.46. The firm’s 50 day moving average is $459.58 and its two-hundred day moving average is $447.76.

Lockheed Martin (NYSE:LMTGet Free Report) last posted its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, topping the consensus estimate of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The firm had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. During the same period in the previous year, the company posted $6.43 earnings per share. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, research analysts anticipate that Lockheed Martin Co. will post 26.17 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be issued a dividend of $3.15 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $12.60 annualized dividend and a yield of 2.73%. Lockheed Martin’s dividend payout ratio (DPR) is currently 46.10%.

Insider Buying and Selling at Lockheed Martin

In related news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the sale, the insider now owns 12,604 shares in the company, valued at $5,434,718.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total value of $1,747,116.58. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On Lockheed Martin

Institutional investors and hedge funds have recently made changes to their positions in the stock. First Pacific Financial acquired a new stake in Lockheed Martin in the first quarter valued at $25,000. Altshuler Shaham Ltd acquired a new stake in Lockheed Martin in the 4th quarter valued at about $26,000. Wiser Advisor Group LLC grew its holdings in Lockheed Martin by 65.8% during the first quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 25 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Lockheed Martin by 73.0% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 27 shares during the period. Finally, Activest Wealth Management boosted its position in Lockheed Martin by 1,200.0% during the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 60 shares during the period. Institutional investors own 74.19% of the company’s stock.

About Lockheed Martin

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.