Lockheed Martin (NYSE:LMT) Trading Up 2% - What's Next?

Key Points

• Lockheed Martin's stock price increased by 2%, reaching $505.20, despite a decline in trading volume of 11% compared to its average.
• Analysts have mixed opinions on the stock, with recommendations ranging from "Strong Buy" to "Sell," reflecting an overall average rating of "Hold" and a price target of $515.35.
• The company recently announced an increased quarterly dividend of $3.45, reflecting a 2.7% yield, with a payout ratio of 74.32%.

Shares of Lockheed Martin Corporation (NYSE:LMT - Get Free Report) were up 2% on Monday . The company traded as high as $505.90 and last traded at $505.20. Approximately 1,427,353 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 1,598,612 shares. The stock had previously closed at $495.15.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on LMT shares. Wall Street Zen lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Robert W. Baird raised their price target on Lockheed Martin from $500.00 to $550.00 and gave the company an "outperform" rating in a research note on Monday, October 6th. Weiss Ratings restated a "hold (c)" rating on shares of Lockheed Martin in a report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price objective on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Finally, Bank of America decreased their price objective on Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating for the company in a report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $515.35.

Lockheed Martin Price Performance

The firm has a 50 day simple moving average of $471.93 and a 200-day simple moving average of $464.85. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The company has a market cap of $117.94 billion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 1.74 and a beta of 0.28.

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 (EPS) for the quarter, beating the consensus estimate of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.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 previous year, the firm earned $7.11 earnings per share. The firm's quarterly 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. As a group, research analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be paid a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.7%. This is a boost from Lockheed Martin's previous quarterly dividend of $3.30. The ex-dividend date is Monday, December 1st. Lockheed Martin's payout ratio is presently 74.32%.

Institutional Investors Weigh In On Lockheed Martin

A number of large investors have recently modified their holdings of the business. Old North State Wealth Management LLC grew its stake in shares of Lockheed Martin by 2.0% during the third quarter. Old North State Wealth Management LLC now owns 1,073 shares of the aerospace company's stock worth $539,000 after acquiring an additional 21 shares during the last quarter. OMNI 360 Wealth Inc. grew its stake in shares of Lockheed Martin by 2.5% during the first quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company's stock worth $408,000 after acquiring an additional 22 shares during the last quarter. 49 Wealth Management LLC grew its stake in shares of Lockheed Martin by 3.4% during the first quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company's stock worth $295,000 after acquiring an additional 22 shares during the last quarter. Tyler Stone Wealth Management grew its stake in shares of Lockheed Martin by 3.3% during the first quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company's stock worth $306,000 after acquiring an additional 22 shares during the last quarter. Finally, Investment Advisory Services Inc. TX ADV grew its stake in shares of Lockheed Martin by 4.7% during the second quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company's stock worth $225,000 after acquiring an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

About Lockheed Martin

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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