Lockheed Martin (NYSE:LMT) Trading Up 0.7% – Still a Buy?

Shares of Lockheed Martin Co. (NYSE:LMT) shot up 0.7% on Monday . The company traded as high as $472.27 and last traded at $469.56. 285,689 shares were traded during trading, a decline of 74% from the average session volume of 1,102,425 shares. The stock had previously closed at $466.17.

Analyst Upgrades and Downgrades

LMT has been the subject of several research analyst reports. Royal Bank of Canada lowered their target price on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a report on Wednesday, January 29th. Citigroup dropped their price objective on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Truist Financial assumed coverage on Lockheed Martin in a research report on Tuesday, January 14th. They set a “buy” rating and a $579.00 target price on the stock. UBS Group decreased their target price on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. cut their price target on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Lockheed Martin has a consensus rating of “Moderate Buy” and a consensus price target of $554.20.

Lockheed Martin Stock Up 0.4 %

The company has a market capitalization of $110.47 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 2.07 and a beta of 0.43. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The firm’s 50 day simple moving average is $461.50 and its 200-day simple moving average is $516.79.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, sell-side analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be paid a $3.30 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.81%. Lockheed Martin’s payout ratio is 59.30%.

Insider Activity

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total transaction of $312,925.27. Following the transaction, the vice president now owns 2,278 shares of the company’s stock, valued at $1,008,265.58. This represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the sale, the insider now owns 2,000 shares in the company, valued at $884,840. This trade represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,133 shares of company stock worth $3,155,916 over the last three months. 0.14% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. 111 Capital acquired a new position in Lockheed Martin during the fourth quarter worth approximately $1,155,000. Thoma Capital Management LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter valued at $524,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Lockheed Martin by 21.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 197,593 shares of the aerospace company’s stock worth $96,018,000 after buying an additional 35,416 shares during the last quarter. NorthCrest Asset Manangement LLC raised its position in shares of Lockheed Martin by 4.6% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 60,855 shares of the aerospace company’s stock worth $29,572,000 after buying an additional 2,666 shares during the period. Finally, Tableaux LLC acquired a new position in Lockheed Martin in the fourth quarter valued at $882,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

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.