Lockheed Martin (NYSE:LMT) Trading Down 0.2%

Shares of Lockheed Martin Co. (NYSE:LMT) traded down 0.2% during mid-day trading on Tuesday . The company traded as low as $464.57 and last traded at $465.57. 53,119 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 1,086,339 shares. The stock had previously closed at $466.44.

Analysts Set New Price Targets

Several analysts have weighed in on the company. The Goldman Sachs Group cut their price objective on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research report on Tuesday, April 23rd. Citigroup upped their price target on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. UBS Group raised their price objective on Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. Finally, Wells Fargo & Company boosted their price objective on shares of Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Lockheed Martin presently has an average rating of “Hold” and an average target price of $485.40.

Lockheed Martin Stock Performance

The business’s fifty day moving average price is $465.05 and its 200-day moving average price is $450.65. The stock has a market cap of $111.85 billion, a PE ratio of 17.06, a P/E/G ratio of 4.38 and a beta of 0.46. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping analysts’ consensus estimates of $5.80 by $0.53. The business had revenue of $17.20 billion during the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The firm’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.43 EPS. As a group, equities research analysts forecast that Lockheed Martin Co. will post 26.17 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $3.15 per share. This represents a $12.60 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Tuesday, September 3rd. Lockheed Martin’s payout ratio is currently 46.10%.

Institutional Trading of Lockheed Martin

Several large investors have recently added to or reduced their stakes in the business. First International Bank & Trust purchased a new stake in shares of Lockheed Martin in the 2nd quarter worth $225,000. Beese Fulmer Investment Management Inc. increased its position in Lockheed Martin by 4.1% in the second quarter. Beese Fulmer Investment Management Inc. now owns 1,136 shares of the aerospace company’s stock worth $531,000 after buying an additional 45 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV raised its stake in shares of Lockheed Martin by 10.1% in the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 2,063 shares of the aerospace company’s stock worth $946,000 after buying an additional 190 shares during the period. First Hawaiian Bank lifted its position in shares of Lockheed Martin by 2.7% during the 2nd quarter. First Hawaiian Bank now owns 2,359 shares of the aerospace company’s stock valued at $1,102,000 after buying an additional 63 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Lockheed Martin by 130.0% during the 2nd quarter. GAMMA Investing LLC now owns 3,572 shares of the aerospace company’s stock valued at $1,668,000 after acquiring an additional 2,019 shares during the period. 74.19% of the stock is currently owned by 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.