Lockheed Martin (NYSE:LMT) Stock Price Down 0.2%

Lockheed Martin Co. (NYSE:LMT) shares were down 0.2% during mid-day trading on Tuesday . The company traded as low as $464.57 and last traded at $465.57. Approximately 53,119 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 1,086,339 shares. The stock had previously closed at $466.44.

Wall Street Analyst Weigh In

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

Lockheed Martin Trading Down 0.5 %

The firm has a market capitalization of $111.37 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 4.40 and a beta of 0.46. The stock has a 50-day simple moving average of $464.84 and a two-hundred day simple moving average of $450.33. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $16.04 billion. During the same period in the previous year, the company posted $6.43 earnings per share. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. On average, equities research analysts anticipate that Lockheed Martin Co. will post 26.17 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $3.15 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.71%. Lockheed Martin’s dividend payout ratio is presently 46.10%.

Institutional Trading of Lockheed Martin

A number of hedge funds have recently bought and sold shares of LMT. First Pacific Financial purchased a new position in Lockheed Martin in the first quarter worth $25,000. Altshuler Shaham Ltd purchased a new position in Lockheed Martin during the 4th quarter worth $26,000. Wiser Advisor Group LLC increased its position in Lockheed Martin by 65.8% during the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock valued at $29,000 after buying an additional 25 shares in the last quarter. Activest Wealth Management raised its stake in Lockheed Martin by 1,200.0% in the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after buying an additional 60 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in Lockheed Martin in the first quarter worth about $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.