Lockheed Martin (NYSE:LMT) Trading 0% Higher – Time to Buy?

Lockheed Martin Co. (NYSE:LMT) shares were up 0% during trading on Friday . The company traded as high as $545.71 and last traded at $542.23. Approximately 241,106 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 1,061,104 shares. The stock had previously closed at $542.01.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Barclays raised their price objective on Lockheed Martin from $505.00 to $565.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Citigroup lifted their price target on Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. UBS Group increased their price objective on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Susquehanna reduced their price objective on shares of Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. upped their target price on shares of Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $611.00.

Lockheed Martin Stock Performance

The company has a market cap of $128.53 billion, a PE ratio of 19.63, a PEG ratio of 4.43 and a beta of 0.49. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The business has a 50-day moving average of $573.12 and a 200 day moving average of $527.36.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping the consensus estimate of $6.50 by $0.34. The firm had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.77 EPS. Equities research analysts anticipate that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be given a dividend of $3.30 per share. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.15. The ex-dividend date is Monday, December 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.43%. Lockheed Martin’s payout ratio is presently 45.62%.

Hedge Funds Weigh In On Lockheed Martin

Institutional investors have recently bought and sold shares of the stock. Gabelli Funds LLC lifted its position in shares of Lockheed Martin by 7.3% during the 1st quarter. Gabelli Funds LLC now owns 7,350 shares of the aerospace company’s stock valued at $3,343,000 after buying an additional 500 shares in the last quarter. 1832 Asset Management L.P. boosted its position in shares of Lockheed Martin by 25.5% in the first quarter. 1832 Asset Management L.P. now owns 9,970 shares of the aerospace company’s stock worth $4,535,000 after purchasing an additional 2,024 shares during the period. Lazard Asset Management LLC increased its stake in shares of Lockheed Martin by 112.2% in the first quarter. Lazard Asset Management LLC now owns 38,442 shares of the aerospace company’s stock worth $17,486,000 after purchasing an additional 20,327 shares in the last quarter. Mount Yale Investment Advisors LLC lifted its stake in shares of Lockheed Martin by 15.1% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 1,636 shares of the aerospace company’s stock valued at $744,000 after buying an additional 215 shares in the last quarter. Finally, Waverly Advisors LLC boosted its holdings in Lockheed Martin by 168.3% in the 1st quarter. Waverly Advisors LLC now owns 3,839 shares of the aerospace company’s stock worth $1,747,000 after buying an additional 2,408 shares during the period. 74.19% of the stock is owned by institutional investors.

About Lockheed Martin

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.