Lockheed Martin (NYSE:LMT) Trading Down 0.1%

Lockheed Martin Co. (NYSE:LMT) shares were down 0.1% during mid-day trading on Monday . The company traded as low as $466.37 and last traded at $466.56. Approximately 125,520 shares were traded during trading, a decline of 88% from the average daily volume of 1,091,109 shares. The stock had previously closed at $467.10.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LMT shares. JPMorgan Chase & Co. raised shares of 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 report on Monday, April 15th. UBS Group boosted their price target on shares of Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. The Goldman Sachs Group cut their price target on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a report on Tuesday, April 23rd. Citigroup boosted their price target on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, Wells Fargo & Company boosted their price objective on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $485.40.

Lockheed Martin Stock Down 0.4 %

The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11. The company has a market cap of $111.64 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 4.40 and a beta of 0.46. The company has a fifty day moving average price of $464.84 and a 200 day moving average price of $450.33.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 EPS 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 company had revenue of $17.20 billion during the quarter, compared to analyst estimates of $16.04 billion. During the same quarter in the previous year, the firm earned $6.43 earnings per share. Lockheed Martin’s revenue was up 13.7% on a year-over-year basis. As a group, analysts anticipate that Lockheed Martin Co. will post 26.17 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be paid a $3.15 dividend. This represents a $12.60 annualized dividend and a yield of 2.71%. The ex-dividend date is Tuesday, September 3rd. Lockheed Martin’s dividend payout ratio is currently 46.10%.

Institutional Trading of Lockheed Martin

Hedge funds and other institutional investors have recently bought and sold shares of the company. First Pacific Financial purchased a new stake in Lockheed Martin in the first quarter worth approximately $25,000. Altshuler Shaham Ltd purchased a new stake in shares of Lockheed Martin during the fourth quarter valued at approximately $26,000. Wiser Advisor Group LLC boosted its stake in shares of Lockheed Martin by 65.8% during the first quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 25 shares during the period. Activest Wealth Management boosted its stake in shares of Lockheed Martin by 1,200.0% during the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 60 shares during the period. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Lockheed Martin during the first quarter valued at approximately $30,000. Hedge funds and other institutional investors 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.