Lockheed Martin (NYSE:LMT) Trading Up 0.7% – Should You Buy?

Lockheed Martin Co. (NYSE:LMT) was up 0.7% on Tuesday . The stock traded as high as $539.32 and last traded at $534.45. Approximately 306,015 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 1,061,086 shares. The stock had previously closed at $530.96.

Analysts Set New Price Targets

A number of analysts have recently issued reports on LMT shares. UBS Group boosted their target price on Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Citigroup increased their price target on Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. boosted their price objective on Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Royal Bank of Canada dropped their target price on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Finally, Robert W. Baird boosted their price target on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $611.00.

Lockheed Martin Trading Up 0.3 %

The firm has a market cap of $126.79 billion, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 4.36 and a beta of 0.49. The business’s 50 day moving average price is $574.19 and its 200-day moving average price is $526.27. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. The company had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. Lockheed Martin’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $6.77 EPS. Equities analysts expect that Lockheed Martin Co. will post 26.89 EPS for the current year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be issued a $3.30 dividend. 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 annualized dividend and a dividend yield of 2.47%. Lockheed Martin’s dividend payout ratio (DPR) is 45.62%.

Hedge Funds Weigh In On Lockheed Martin

Several institutional investors have recently modified their holdings of LMT. Old West Investment Management LLC raised its holdings in shares of Lockheed Martin by 6.6% during the third quarter. Old West Investment Management LLC now owns 26,633 shares of the aerospace company’s stock valued at $15,569,000 after buying an additional 1,643 shares during the last quarter. Second Line Capital LLC acquired a new position in Lockheed Martin during the 3rd quarter worth $202,000. Hohimer Wealth Management LLC grew its stake in shares of Lockheed Martin by 12.9% in the third quarter. Hohimer Wealth Management LLC now owns 8,094 shares of the aerospace company’s stock worth $4,731,000 after purchasing an additional 925 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in shares of Lockheed Martin by 0.5% during the third quarter. TD Private Client Wealth LLC now owns 11,223 shares of the aerospace company’s stock valued at $6,561,000 after purchasing an additional 52 shares during the period. Finally, Virtue Capital Management LLC lifted its holdings in Lockheed Martin by 112.8% in the third quarter. Virtue Capital Management LLC now owns 2,249 shares of the aerospace company’s stock worth $1,315,000 after purchasing an additional 1,192 shares during the period. 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.