Free Trial

Lockheed Martin (NYSE:LMT) Stock Price Up 2.6% - Still a Buy?

Lockheed Martin logo with Aerospace background

Shares of Lockheed Martin Corporation (NYSE:LMT - Get Free Report) shot up 2.6% during trading on Wednesday . The stock traded as high as $420.74 and last traded at $421.28. 1,732,933 shares were traded during trading, an increase of 23% from the average session volume of 1,409,507 shares. The stock had previously closed at $410.74.

Wall Street Analyst Weigh In

Several research firms recently commented on LMT. Robert W. Baird cut their target price on shares of Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating for the company in a research note on Wednesday. Royal Bank Of Canada reduced their price target on shares of Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a research report on Wednesday. Cowen downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. Truist Financial downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating and reduced their price target for the company from $554.00 to $440.00 in a research report on Wednesday. Finally, Baird R W upgraded shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Fourteen analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $506.65.

View Our Latest Stock Report on LMT

Lockheed Martin Stock Performance

The firm's 50-day moving average price is $467.58 and its 200 day moving average price is $463.32. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.91 and a current ratio of 0.98. The company has a market cap of $99.33 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 1.79 and a beta of 0.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.57 by $0.72. The firm had revenue of $18.16 billion during the quarter, compared to analysts' expectations of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $7.11 earnings per share. On average, sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently declared 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. This represents a $13.20 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is currently 57.02%.

Institutional Trading of Lockheed Martin

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. TruNorth Capital Management LLC bought a new stake in Lockheed Martin during the first quarter worth $31,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Lockheed Martin in the fourth quarter valued at $34,000. Heck Capital Advisors LLC acquired a new position in shares of Lockheed Martin in the fourth quarter valued at $35,000. Redwood Park Advisors LLC acquired a new position in shares of Lockheed Martin in the fourth quarter valued at $40,000. Finally, Banque Transatlantique SA acquired a new position in shares of Lockheed Martin in the fourth quarter valued at $43,000. 74.19% of the stock is owned by institutional investors.

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

Should You Invest $1,000 in Lockheed Martin Right Now?

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 Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Elon Musk's Next Move Cover

Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Related Videos

Top 3 Defense Stocks to Profit From $175 Billion Golden Dome

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines