Lockheed Martin (NYSE:LMT) Trading Up 0% – Should You Buy?

Lockheed Martin Co. (NYSE:LMT)’s share price was up 0% during mid-day trading on Friday . The company traded as high as $545.71 and last traded at $542.23. Approximately 241,106 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 1,061,104 shares. The stock had previously closed at $542.01.

Wall Street Analyst Weigh In

LMT has been the subject of a number of recent analyst reports. Bank of America reaffirmed a “buy” rating and set a $635.00 target price on shares of Lockheed Martin in a report on Friday, August 30th. StockNews.com lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 23rd. Melius Research raised Lockheed Martin to a “strong-buy” rating in a report on Tuesday, September 3rd. Susquehanna dropped their target price on Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. boosted their target price on Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and an average price target of $611.00.

Lockheed Martin Stock Performance

The company has a market capitalization of $128.54 billion, a PE ratio of 19.63, a PEG ratio of 4.36 and a beta of 0.49. The company has a 50 day moving average of $573.68 and a two-hundred day moving average of $526.39. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12.

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. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. During the same period in the prior year, the firm posted $6.77 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. As a group, equities research analysts predict that Lockheed Martin Co. will post 26.89 earnings per share for the current year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders 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 dividend on an annualized basis and a yield of 2.43%. Lockheed Martin’s dividend payout ratio is currently 47.79%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LMT. Canada Pension Plan Investment Board raised its stake in shares of Lockheed Martin by 7.4% in the first quarter. Canada Pension Plan Investment Board now owns 324,493 shares of the aerospace company’s stock worth $147,602,000 after buying an additional 22,293 shares during the period. Stonebridge Capital Advisors LLC grew its position in shares of Lockheed Martin by 9.3% during the first quarter. Stonebridge Capital Advisors LLC now owns 714 shares of the aerospace company’s stock worth $325,000 after purchasing an additional 61 shares in the last quarter. Gabelli Funds LLC grew its position in shares of Lockheed Martin by 7.3% during the first quarter. Gabelli Funds LLC now owns 7,350 shares of the aerospace company’s stock worth $3,343,000 after purchasing an additional 500 shares in the last quarter. 1832 Asset Management L.P. grew its position in shares of Lockheed Martin by 25.5% during the first quarter. 1832 Asset Management L.P. now owns 9,970 shares of the aerospace company’s stock worth $4,535,000 after purchasing an additional 2,024 shares in the last quarter. Finally, Lazard Asset Management LLC grew its holdings in Lockheed Martin by 112.2% during the 1st quarter. Lazard Asset Management LLC now owns 38,442 shares of the aerospace company’s stock valued at $17,486,000 after buying an additional 20,327 shares in the last quarter. 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.