Lockheed Martin Corporation (NYSE:LMT - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $460.53, but opened at $422.75. Lockheed Martin shares last traded at $433.43, with a volume of 1,966,918 shares changing hands.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. Wall Street Zen cut Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 3rd. Truist Financial cut their target price on Lockheed Martin from $579.00 to $554.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Melius cut Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. TD Cowen reiterated a "hold" rating and issued a $480.00 price objective (down previously from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Finally, Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Twelve equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $532.69.
View Our Latest Stock Report on LMT
Lockheed Martin Price Performance
The company has a market capitalization of $99.31 billion, a PE ratio of 18.29, a PEG ratio of 1.63 and a beta of 0.28. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.08 and a quick ratio of 0.91. The firm has a 50-day moving average of $469.37 and a 200 day moving average of $464.14.
Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.34 by $0.94. The business 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 104.09% and a net margin of 7.66%. As a group, research analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.
Lockheed Martin Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be issued a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio is 57.02%.
Institutional Investors Weigh In On Lockheed Martin
Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its stake in shares of Lockheed Martin by 41,104.9% in the first quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock worth $889,593,000 after purchasing an additional 1,986,600 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in Lockheed Martin in the fourth quarter valued at approximately $526,587,000. Leigh Baldwin & CO. LLC acquired a new stake in Lockheed Martin in the fourth quarter valued at approximately $451,985,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Lockheed Martin by 7.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company's stock worth $3,587,444,000 after acquiring an additional 560,457 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Lockheed Martin in the first quarter worth approximately $221,790,000. Institutional investors own 74.19% of the company's stock.
About Lockheed Martin
(
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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