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Lockheed Martin (NYSE:LMT) Stock Price Down 1.4% - What's Next?

Lockheed Martin logo with Aerospace background

Lockheed Martin Co. (NYSE:LMT - Get Free Report) shares dropped 1.4% during trading on Tuesday . The company traded as low as $465.70 and last traded at $466.73. Approximately 416,547 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 1,266,388 shares. The stock had previously closed at $473.16.

Wall Street Analyst Weigh In

LMT has been the subject of a number of research reports. UBS Group increased their target price on Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a report on Wednesday, April 23rd. Wells Fargo & Company lowered their target price 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. Robert W. Baird upgraded Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 target price for the company in a report on Wednesday, April 23rd. Bank of America cut Lockheed Martin from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $685.00 to $485.00 in a report on Monday, March 24th. Finally, Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Nine equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $541.80.

Check Out Our Latest Stock Report on Lockheed Martin

Lockheed Martin Trading Up 0.5%

The business has a 50-day simple moving average of $461.21 and a two-hundred day simple moving average of $480.03. The stock has a market cap of $109.54 billion, a price-to-earnings ratio of 21.00, a P/E/G ratio of 2.07 and a beta of 0.29. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95.

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

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Monday, June 2nd. Lockheed Martin's dividend payout ratio (DPR) is presently 57.02%.

Insiders Place Their Bets

In other news, 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 transaction, the insider now owns 2,000 shares of the company's stock, valued at approximately $884,840. This represents a 61.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Harry Edward Paul III sold 707 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the transaction, the vice president now directly owns 2,278 shares in the company, valued at $1,008,265.58. The trade was a 23.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,133 shares of company stock valued at $3,155,916 over the last 90 days. 0.14% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lockheed Martin

Institutional investors have recently made changes to their positions in the stock. Millstone Evans Group LLC bought a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $32,000. TruNorth Capital Management LLC bought a new stake in shares of Lockheed Martin in the first quarter valued at approximately $31,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $34,000. Heck Capital Advisors LLC bought a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $35,000. Finally, Redwood Park Advisors LLC bought a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $40,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Company Profile

(Get Free Report)

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.

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