Lockheed Martin (NYSE:LMT) Stock Price Down 0.5%

Lockheed Martin Co. (NYSE:LMTGet Free Report)’s share price fell 0.5% on Thursday . The stock traded as low as $456.01 and last traded at $457.02. 138,948 shares changed hands during trading, a decline of 87% from the average session volume of 1,071,928 shares. The stock had previously closed at $459.11.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LMT. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $475.00 to $518.00 in a research note on Monday, April 15th. Citigroup upped their price objective on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Wells Fargo & Company boosted their target price on shares of Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. Finally, The Goldman Sachs Group dropped their price objective 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $485.40.

View Our Latest Stock Analysis on Lockheed Martin

Lockheed Martin Stock Performance

The company has a market capitalization of $109.78 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 4.40 and a beta of 0.47. 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 stock’s fifty day simple moving average is $462.40 and its 200-day simple moving average is $449.01.

Lockheed Martin (NYSE:LMTGet Free Report) last released its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping the consensus estimate of $5.80 by $0.53. The company had revenue of $17.20 billion during the quarter, compared to analysts’ expectations of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The business’s revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the business earned $6.43 EPS. Analysts predict that Lockheed Martin Co. will post 26.17 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently disclosed 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 2.75%. Lockheed Martin’s dividend payout ratio (DPR) is 46.10%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Warther Private Wealth LLC increased its holdings in shares of Lockheed Martin by 86.1% in the 4th quarter. Warther Private Wealth LLC now owns 16,369 shares of the aerospace company’s stock worth $7,419,000 after acquiring an additional 7,575 shares during the period. Alethea Capital Management LLC acquired a new stake in shares of Lockheed Martin in the 3rd quarter worth about $415,000. Brandywine Global Investment Management LLC increased its stake in Lockheed Martin by 14.1% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 305,555 shares of the aerospace company’s stock valued at $124,960,000 after buying an additional 37,827 shares during the period. AdvisorNet Financial Inc increased its stake in Lockheed Martin by 0.4% during the 4th quarter. AdvisorNet Financial Inc now owns 7,741 shares of the aerospace company’s stock valued at $3,509,000 after buying an additional 29 shares during the period. Finally, Morningstar Investment Services LLC increased its stake in Lockheed Martin by 99.6% during the 4th quarter. Morningstar Investment Services LLC now owns 147,811 shares of the aerospace company’s stock valued at $66,697,000 after buying an additional 73,774 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Company Profile

(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

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