Lockheed Martin (NYSE:LMT) Trading 1.3% Higher - What's Next?

Lockheed Martin Corporation (NYSE:LMT - Get Free Report) shares shot up 1.3% on Monday . The company traded as high as $470.49 and last traded at $468.63. 409,413 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 1,354,209 shares. The stock had previously closed at $462.52.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LMT. UBS Group lifted their price target on Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 23rd. Melius cut Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Royal Bank Of Canada cut Lockheed Martin from an "outperform" rating to a "sector perform" rating and dropped their price target for the stock from $550.00 to $480.00 in a research note on Thursday, March 27th. Melius Research cut Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, Wall Street Zen lowered Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 3rd. Nine analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Lockheed Martin has a consensus rating of "Moderate Buy" and an average price target of $541.80.

Lockheed Martin Trading Up 1.4%

The firm has a market capitalization of $109.87 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 1.61 and a beta of 0.28. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 2.79. The company has a fifty day moving average price of $470.60 and a 200-day moving average price of $465.47.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.34 by $0.94. The business had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. On average, equities research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.81%. Lockheed Martin's dividend payout ratio is 57.02%.

Institutional Investors Weigh In On Lockheed Martin

Institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake 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 acquiring an additional 560,457 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Lockheed Martin by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 4,887,242 shares of the aerospace company's stock valued at $2,374,557,000 after acquiring an additional 59,597 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Lockheed Martin by 1.4% in the 1st 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 in the last quarter. Northern Trust Corp raised its stake 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 in the last quarter. Finally, Invesco Ltd. increased its position in Lockheed Martin by 0.6% in the 1st quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company's stock worth $958,116,000 after buying an additional 12,899 shares during the period. 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.