Lockheed Martin (NYSE:LMT) Stock Price Up 1.4% – Still a Buy?

Lockheed Martin Corporation (NYSE:LMT) shares were up 1.4% on Thursday . The stock traded as high as $644.25 and last traded at $637.2450. Approximately 1,744,046 shares changed hands during trading, a decline of 16% from the average daily volume of 2,083,612 shares. The stock had previously closed at $628.70.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group upped their target price on shares of Lockheed Martin from $540.00 to $630.00 and gave the stock a “hold” rating in a report on Sunday, February 1st. JPMorgan Chase & Co. lifted their price target on Lockheed Martin from $515.00 to $680.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. DZ Bank downgraded Lockheed Martin from a “buy” rating to a “hold” rating and set a $665.00 price objective for the company. in a research note on Tuesday, February 3rd. TD Cowen upped their price target on Lockheed Martin from $600.00 to $670.00 and gave the stock a “hold” rating in a report on Friday, January 30th. Finally, The Goldman Sachs Group increased their price target on Lockheed Martin from $464.00 to $517.00 and gave the company a “sell” rating in a research report on Monday, February 2nd. Six analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $612.50.

Lockheed Martin Stock Up 1.4%

The stock has a market capitalization of $146.62 billion, a P/E ratio of 29.65, a P/E/G ratio of 1.14 and a beta of 0.23. The stock’s 50-day moving average price is $537.63 and its two-hundred day moving average price is $491.07. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.33 by ($0.53). The company had revenue of $20.32 billion for the quarter, compared to analysts’ expectations of $19.84 billion. Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $7.67 EPS. As a group, research analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 2nd will be paid a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, March 2nd. Lockheed Martin’s payout ratio is presently 64.22%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Hamilton Point Investment Advisors LLC increased its stake in shares of Lockheed Martin by 12.4% in the 4th quarter. Hamilton Point Investment Advisors LLC now owns 1,154 shares of the aerospace company’s stock worth $558,000 after acquiring an additional 127 shares in the last quarter. Johnson Financial Group Inc. raised its stake in shares of Lockheed Martin by 3.4% in the fourth quarter. Johnson Financial Group Inc. now owns 13,394 shares of the aerospace company’s stock worth $6,478,000 after purchasing an additional 443 shares during the last quarter. Davis R M Inc. boosted its holdings in shares of Lockheed Martin by 1.3% during the 4th quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company’s stock valued at $612,000 after acquiring an additional 16 shares during the last quarter. Federation des caisses Desjardins du Quebec boosted its holdings in Lockheed Martin by 4.3% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 15,248 shares of the aerospace company’s stock worth $7,375,000 after purchasing an additional 626 shares during the last quarter. Finally, Bank of Jackson Hole Trust increased its position in Lockheed Martin by 1.6% during the fourth quarter. Bank of Jackson Hole Trust now owns 1,942 shares of the aerospace company’s stock valued at $939,000 after acquiring an additional 31 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

About Lockheed Martin

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.