Lockheed Martin (NYSE:LMT) Stock Price Down 0.5% - What's Next?

Lockheed Martin Co. (NYSE:LMT - Get Free Report) dropped 0.5% during mid-day trading on Thursday . The company traded as low as $467.46 and last traded at $467.82. Approximately 222,713 shares were traded during trading, a decline of 83% from the average daily volume of 1,287,796 shares. The stock had previously closed at $470.28.

Analyst Ratings Changes

Several analysts recently weighed in on LMT shares. Susquehanna lowered their price objective on Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a report on Wednesday, January 29th. Wells Fargo & Company lowered their price objective on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Morgan Stanley raised Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price objective for the company in a report on Wednesday, April 16th. JPMorgan Chase & Co. lowered their price objective on Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. Finally, Jefferies Financial Group lowered their price objective on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a report on Monday, April 28th. Nine research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $541.80.

Lockheed Martin Stock Performance

The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The stock has a 50 day simple moving average of $461.70 and a 200 day simple moving average of $476.97. The company has a market capitalization of $109.95 billion, a price-to-earnings ratio of 21.08, a P/E/G ratio of 2.07 and a beta of 0.29.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating analysts' consensus estimates of $6.34 by $0.94. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. The company had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. As a group, analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be given a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.81%. Lockheed Martin's dividend payout ratio is presently 57.02%.

Insider Transactions at Lockheed Martin

In other news, VP Harry Edward Paul III sold 707 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 2,278 shares in the company, valued at approximately $1,008,265.58. The trade was a 23.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company's stock in a transaction that occurred 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 completion of the sale, the insider now owns 2,000 shares of the company's stock, valued at $884,840. This trade represents a 61.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,133 shares of company stock worth $3,155,916. Company insiders own 0.14% of the company's stock.

Institutional Investors Weigh In On Lockheed Martin

Institutional investors have recently added to or reduced their stakes in the company. TruNorth Capital Management LLC acquired a new stake in Lockheed Martin in the first quarter worth approximately $31,000. Millstone Evans Group LLC acquired a new stake in Lockheed Martin in the fourth quarter worth approximately $32,000. Mizuho Securities Co. Ltd. acquired a new stake in Lockheed Martin in the fourth quarter worth approximately $34,000. Heck Capital Advisors LLC acquired a new stake in Lockheed Martin in the fourth quarter worth approximately $35,000. Finally, Redwood Park Advisors LLC acquired a new stake in Lockheed Martin in the fourth quarter worth approximately $40,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

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.