Lockheed Martin (NYSE:LMT) Trading Up 1.6% - What's Next?

Lockheed Martin Co. (NYSE:LMT - Get Free Report) shares were up 1.6% during trading on Thursday . The company traded as high as $465.00 and last traded at $464.04. Approximately 555,395 shares were traded during trading, a decline of 58% from the average daily volume of 1,308,734 shares. The stock had previously closed at $456.60.

Analysts Set New Price Targets

LMT has been the subject of several recent research reports. Bank of America cut shares of Lockheed Martin from a "buy" rating to a "neutral" rating and dropped their target price for the company from $685.00 to $485.00 in a research report on Monday, March 24th. Robert W. Baird raised Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 target price on the stock in a research note on Wednesday, April 23rd. Royal Bank of Canada cut Lockheed Martin from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from $550.00 to $480.00 in a report on Thursday, March 27th. Wells Fargo & Company lowered their price target on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Finally, Melius Research cut shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Nine 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 presently has an average rating of "Moderate Buy" and an average price target of $541.80.

Lockheed Martin Stock Performance

The stock has a fifty day simple moving average of $469.84 and a 200-day simple moving average of $470.67. The stock has a market cap of $113.92 billion, a P/E ratio of 21.82, a PEG ratio of 2.07 and a beta of 0.29. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted 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 during 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%. On average, equities analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

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 paid a dividend of $3.30 per share. The ex-dividend date is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.71%. Lockheed Martin's dividend payout ratio is 57.02%.

Institutional Trading of Lockheed Martin

Several institutional investors and hedge funds have recently bought and sold shares of LMT. Charles Schwab Investment Management Inc. boosted its holdings in shares of Lockheed Martin by 7.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company's stock valued at $3,587,444,000 after buying an additional 560,457 shares during the last quarter. Geode Capital Management LLC raised its position in Lockheed Martin by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 4,887,242 shares of the aerospace company's stock worth $2,374,557,000 after acquiring an additional 59,597 shares in the last quarter. Royal Bank of Canada lifted its stake in Lockheed Martin by 1.4% in the first quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company's stock valued at $1,021,846,000 after acquiring an additional 31,443 shares during the last quarter. Northern Trust Corp grew its position in shares of Lockheed Martin by 6.3% in the 4th quarter. Northern Trust Corp now owns 2,260,910 shares of the aerospace company's stock valued at $1,098,667,000 after acquiring an additional 134,662 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Lockheed Martin by 0.6% during the 1st quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company's stock worth $958,116,000 after purchasing an additional 12,899 shares during the last quarter. Institutional investors own 74.19% of the company's stock.

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.