Lockheed Martin (NYSE:LMT) Shares Down 1.4% - Here's Why

Key Points

• Lockheed Martin's stock price decreased by 1.4% to $492.65, with trading volume down 31% from its average session.
• Analysts have raised their price targets for Lockheed Martin, with reports stating targets ranging from $525.00 to $590.00 and a consensus rating of "Hold".
• The company announced an increased quarterly dividend to $3.45, which signifies an annualized payout of $13.80 and a yield of 2.8%.

Lockheed Martin Corporation (NYSE:LMT - Get Free Report)'s stock price traded down 1.4% on Thursday . The stock traded as low as $492.00 and last traded at $492.65. 1,098,319 shares changed hands during trading, a decline of 31% from the average session volume of 1,597,870 shares. The stock had previously closed at $499.41.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Alembic Global Advisors upgraded Lockheed Martin from a "neutral" rating to an "overweight" rating in a report on Thursday, August 28th. Royal Bank Of Canada increased their price target on Lockheed Martin from $440.00 to $525.00 and gave the company a "sector perform" rating in a report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft set a $519.00 price target on Lockheed Martin and gave the company a "hold" rating in a report on Wednesday, October 8th. Robert W. Baird increased their price target on Lockheed Martin from $500.00 to $550.00 and gave the company an "outperform" rating in a report on Monday, October 6th. Finally, Susquehanna increased their price target on Lockheed Martin from $490.00 to $590.00 and gave the company a "positive" rating in a report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $510.29.

Lockheed Martin Stock Performance

The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The business has a 50 day simple moving average of $469.31 and a two-hundred day simple moving average of $464.06. The firm has a market cap of $115.02 billion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 1.78 and a beta of 0.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, topping analysts' consensus estimates of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The business had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. During the same quarter last year, the firm posted $7.11 earnings per share. The business's revenue was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, equities research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be paid a $3.45 dividend. The ex-dividend date is Monday, December 1st. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.30. This represents a $13.80 dividend on an annualized basis and a yield of 2.8%. Lockheed Martin's payout ratio is 77.70%.

Hedge Funds Weigh In On Lockheed Martin

Institutional investors have recently made changes to their positions in the company. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Lockheed Martin during the second quarter valued at $28,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Lockheed Martin during the second quarter valued at $29,000. TruNorth Capital Management LLC purchased a new position in shares of Lockheed Martin during the first quarter valued at $31,000. Frazier Financial Advisors LLC purchased a new position in shares of Lockheed Martin during the second quarter valued at $34,000. Finally, MTM Investment Management LLC purchased a new position in shares of Lockheed Martin during the second quarter valued at $36,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

About Lockheed Martin

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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