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

Shares of Lockheed Martin Corporation (NYSE:LMT - Get Free Report) dropped 1.4% on Tuesday . The company traded as low as $460.65 and last traded at $462.58. Approximately 336,709 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 1,353,251 shares. The stock had previously closed at $469.06.

Analyst Ratings Changes

Several research analysts have weighed in on LMT shares. Baird R W raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Morgan Stanley raised shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target on the stock in a research report on Wednesday, April 16th. Jefferies Financial Group cut their price target on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research note on Monday, April 28th. Wall Street Zen lowered shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 3rd. Finally, Wells Fargo & Company dropped their target price on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $541.80.

Lockheed Martin Stock Performance

The company has a fifty day moving average of $470.20 and a two-hundred day moving average of $465.31. The firm has a market capitalization of $108.52 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 1.64 and a beta of 0.28. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.91 and a current ratio of 1.08.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its 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. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. The company had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. As a group, equities research analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.85%. Lockheed Martin's payout ratio is presently 57.02%.

Institutional Investors Weigh In On Lockheed Martin

Hedge funds and other institutional investors have recently made changes to their positions in the business. Millstone Evans Group LLC bought a new stake in shares of Lockheed Martin during the 4th quarter valued at $32,000. TruNorth Capital Management LLC acquired a new position in Lockheed Martin in the first quarter valued at about $31,000. Mizuho Securities Co. Ltd. bought a new stake in Lockheed Martin during the fourth quarter worth about $34,000. Heck Capital Advisors LLC bought a new stake in Lockheed Martin during the fourth quarter worth about $35,000. Finally, Redwood Park Advisors LLC acquired a new stake in Lockheed Martin during the fourth quarter worth about $40,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

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.