Lockheed Martin (NYSE:LMT) Trading 0.4% Higher

Lockheed Martin Co. (NYSE:LMT) shares traded up 0.4% during mid-day trading on Tuesday . The stock traded as high as $549.48 and last traded at $547.38. 177,919 shares were traded during trading, a decline of 84% from the average session volume of 1,090,263 shares. The stock had previously closed at $545.38.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Susquehanna increased their price objective on shares of Lockheed Martin from $540.00 to $565.00 and gave the company a “positive” rating in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and increased their target price for the company from $540.00 to $600.00 in a research report on Friday, July 26th. JPMorgan Chase & Co. increased their target price on shares of Lockheed Martin from $518.00 to $560.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. Finally, UBS Group increased their target price on shares of Lockheed Martin from $511.00 to $538.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $534.46.

Lockheed Martin Trading Down 0.7 %

The firm has a market capitalization of $129.09 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 4.40 and a beta of 0.46. The business’s 50-day simple moving average is $478.45 and its two-hundred day simple moving average is $457.38. The company has a quick ratio of 1.07, a current ratio of 1.24 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share for the quarter, beating analysts’ consensus estimates of $6.45 by $0.66. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The business had revenue of $18.12 billion during the quarter, compared to analysts’ expectations of $17.05 billion. During the same period last year, the business earned $6.73 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities analysts forecast that Lockheed Martin Co. will post 26.71 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 $3.15 dividend. This represents a $12.60 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Tuesday, September 3rd. Lockheed Martin’s payout ratio is 46.10%.

Insider Activity

In other news, insider Timothy S. Cahill sold 3,975 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total value of $2,048,556.00. Following the completion of the transaction, the insider now owns 8,877 shares of the company’s stock, valued at $4,574,850.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its stake in Lockheed Martin by 14.9% in the fourth quarter. Franklin Resources Inc. now owns 2,589,447 shares of the aerospace company’s stock worth $1,173,641,000 after acquiring an additional 336,588 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Lockheed Martin by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,038,161 shares of the aerospace company’s stock worth $470,536,000 after acquiring an additional 27,349 shares during the last quarter. Capital Research Global Investors lifted its stake in Lockheed Martin by 29.7% in the first quarter. Capital Research Global Investors now owns 953,285 shares of the aerospace company’s stock worth $433,621,000 after acquiring an additional 218,506 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Lockheed Martin by 1.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 716,832 shares of the aerospace company’s stock worth $324,897,000 after acquiring an additional 9,136 shares during the last quarter. Finally, Corient Private Wealth LLC raised its holdings in Lockheed Martin by 91.8% during the fourth quarter. Corient Private Wealth LLC now owns 574,017 shares of the aerospace company’s stock worth $260,169,000 after purchasing an additional 274,680 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

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.