Shares of Lockheed Martin Corporation (NYSE:LMT - Get Free Report) traded up 1.9% during mid-day trading on Monday . The company traded as high as $479.48 and last traded at $479.50. 580,504 shares changed hands during trading, a decline of 57% from the average session volume of 1,335,837 shares. The stock had previously closed at $470.56.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. Melius Research lowered Lockheed Martin from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Baird R W upgraded shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Royal Bank Of Canada cut shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and cut their price target for the company from $550.00 to $480.00 in a research note on Thursday, March 27th. Melius downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Finally, Bank of America cut Lockheed Martin from a "buy" rating to a "neutral" rating and cut their price objective for the company from $685.00 to $485.00 in a research report on Monday, March 24th. Nine investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $541.80.
Read Our Latest Analysis on Lockheed Martin
Lockheed Martin Price Performance
The business's fifty day moving average is $471.63 and its 200-day moving average is $467.91. The firm has a market cap of $110.44 billion, a PE ratio of 20.36, a P/E/G ratio of 1.64 and a beta of 0.29. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.08 and a quick ratio of 0.91.
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 the consensus estimate of $6.34 by $0.94. The firm had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. On average, research analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.
Lockheed Martin Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin's payout ratio is 57.02%.
Hedge Funds Weigh In On Lockheed Martin
A number of institutional investors have recently made changes to their positions in LMT. LaFleur & Godfrey LLC grew its stake in shares of Lockheed Martin by 18.0% in the fourth quarter. LaFleur & Godfrey LLC now owns 1,156 shares of the aerospace company's stock worth $562,000 after purchasing an additional 176 shares during the last quarter. Eagle Capital Management LLC increased its position in Lockheed Martin by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock valued at $5,261,000 after buying an additional 32 shares in the last quarter. Brighton Jones LLC grew its stake in shares of Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after acquiring an additional 191 shares during the last quarter. Hudson Portfolio Management LLC bought a new stake in Lockheed Martin during the 4th quarter valued at about $256,000. Finally, Transcend Capital Advisors LLC increased its position in shares of Lockheed Martin by 6.0% during the fourth quarter. Transcend Capital Advisors LLC now owns 1,719 shares of the aerospace company's stock valued at $835,000 after acquiring an additional 98 shares in the last quarter. 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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Lockheed Martin, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lockheed Martin wasn't on the list.
While Lockheed Martin currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
