Lockheed Martin (NYSE:LMT) Shares Down 0.2% – Here’s What Happened

Lockheed Martin Co. (NYSE:LMT) shares traded down 0.2% during trading on Friday . The stock traded as low as $440.25 and last traded at $441.40. 360,309 shares traded hands during trading, a decline of 68% from the average session volume of 1,141,968 shares. The stock had previously closed at $442.28.

Analysts Set New Price Targets

A number of analysts have weighed in on LMT shares. Melius cut Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Monday. Melius Research downgraded Lockheed Martin from a “strong-buy” rating to a “hold” rating in a report on Monday. Bank of America cut shares of Lockheed Martin from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $685.00 to $485.00 in a research note on Monday. Barclays reduced their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Finally, StockNews.com upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating in a research report on Monday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $539.53.

Lockheed Martin Trading Up 0.1 %

The firm has a market cap of $104.24 billion, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. The business has a 50 day moving average of $457.47 and a 200 day moving average of $511.67. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, research analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

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

Insider Buying and Selling

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the transaction, the vice president now owns 2,278 shares in the company, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the sale, the insider now owns 2,000 shares of the company’s stock, valued at approximately $884,840. The trade was a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,133 shares of company stock worth $3,155,916. 0.17% of the stock is owned by company insiders.

Institutional Trading of Lockheed Martin

Institutional investors and hedge funds have recently bought and sold shares of the business. Fisher Asset Management LLC boosted its position in Lockheed Martin by 0.9% during the 3rd quarter. Fisher Asset Management LLC now owns 6,742 shares of the aerospace company’s stock worth $3,941,000 after purchasing an additional 61 shares during the period. Townsquare Capital LLC boosted its position in shares of Lockheed Martin by 4.0% in the third quarter. Townsquare Capital LLC now owns 19,318 shares of the aerospace company’s stock worth $11,293,000 after buying an additional 738 shares during the period. Freedom Investment Management Inc. boosted its position in shares of Lockheed Martin by 16.7% in the third quarter. Freedom Investment Management Inc. now owns 754 shares of the aerospace company’s stock worth $441,000 after buying an additional 108 shares during the period. Blueshift Asset Management LLC acquired a new stake in shares of Lockheed Martin in the third quarter valued at about $500,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Lockheed Martin during the 3rd quarter worth approximately $29,813,000. 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.