Lockheed Martin (NYSE:LMT) Stock Price Down 1.2% - What's Next?

Key Points

• Lockheed Martin's stock price fell 1.2% to $499.17, with a significant trading volume of approximately 1.67 million shares on Wednesday.
• Analysts have varied opinions on Lockheed Martin, with one upgrade and multiple changes in price targets, leading to an average rating of "Hold" and a consensus price target of $510.29.
• The company recently announced a quarterly dividend of $3.45 per share, reflecting an increase from the previous dividend of $3.30, with an annual yield of 2.8%.

Shares of Lockheed Martin Corporation (NYSE:LMT - Get Free Report) dropped 1.2% on Wednesday . The company traded as low as $485.48 and last traded at $499.17. Approximately 1,673,045 shares traded hands during mid-day trading, an increase of 5% from the average daily volume of 1,600,376 shares. The stock had previously closed at $505.18.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Wall Street Zen cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. The Goldman Sachs Group raised their price objective on shares of Lockheed Martin from $398.00 to $425.00 and gave the stock a "sell" rating in a research report on Friday, October 10th. Susquehanna increased their price target on Lockheed Martin from $490.00 to $590.00 and gave the stock a "positive" rating in a research report on Thursday, October 9th. Deutsche Bank Aktiengesellschaft set a $519.00 price objective on shares of Lockheed Martin and gave the company a "hold" rating in a research report on Wednesday, October 8th. Finally, Bank of America decreased their target price on shares of Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating on the stock in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $510.29.

Lockheed Martin Stock Down 1.2%

The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The company has a market cap of $116.54 billion, a price-to-earnings ratio of 28.11, a price-to-earnings-growth ratio of 1.77 and a beta of 0.28. The stock's fifty day moving average is $468.02 and its two-hundred day moving average is $463.81.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted 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 net margin of 5.85% and a return on equity of 107.60%. The company had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. During the same quarter in the prior year, the business posted $7.11 EPS. The firm'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. Sell-side analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be given a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.30. Lockheed Martin's payout ratio is currently 74.32%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LMT. Entropy Technologies LP lifted its stake in Lockheed Martin by 410.2% in the 1st quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company's stock worth $7,874,000 after purchasing an additional 14,171 shares in the last quarter. PTM Wealth Management LLC bought a new stake in Lockheed Martin in the 1st quarter worth $377,000. First American Bank grew its holdings in Lockheed Martin by 18.8% in the 1st quarter. First American Bank now owns 8,393 shares of the aerospace company's stock worth $3,749,000 after acquiring an additional 1,327 shares during the last quarter. Empowered Funds LLC grew its holdings in Lockheed Martin by 21.2% in the 1st quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company's stock worth $18,038,000 after acquiring an additional 7,052 shares during the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. boosted its stake in shares of Lockheed Martin by 18.6% during the 1st quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company's stock valued at $7,652,000 after purchasing an additional 2,686 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

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.

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