Lockheed Martin (NYSE:LMT) Trading Up 1%

Lockheed Martin Co. (NYSE:LMT - Get Free Report) traded up 1% during mid-day trading on Monday . The company traded as high as $465.83 and last traded at $465.83. 166,016 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 1,155,263 shares. The stock had previously closed at $461.29.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. UBS Group boosted their price objective on shares of Lockheed Martin from $482.00 to $499.00 and gave the company a "neutral" rating in a report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Lockheed Martin from $467.00 to $487.00 and gave the company a "hold" rating in a report on Thursday. Susquehanna cut their price objective on shares of Lockheed Martin from $550.00 to $540.00 and set a "positive" rating for the company in a report on Wednesday, January 24th. Royal Bank of Canada cut their price target on shares of Lockheed Martin from $475.00 to $470.00 and set a "sector perform" rating for the company in a report on Wednesday, January 24th. Finally, StockNews.com raised shares of Lockheed Martin from a "buy" rating to a "strong-buy" rating in a report on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Lockheed Martin currently has a consensus rating of "Hold" and an average target price of $485.40.

Lockheed Martin Price Performance

The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11. The stock has a market cap of $112.19 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 4.22 and a beta of 0.48. The business's 50-day simple moving average is $444.61 and its two-hundred day simple moving average is $444.82.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, beating analysts' consensus estimates of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The firm had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. During the same quarter last year, the business posted $6.43 earnings per share. The company's quarterly revenue was up 13.7% on a year-over-year basis. Research analysts expect that Lockheed Martin Co. will post 26.16 earnings per share for the current year.

Insider Buying and Selling at Lockheed Martin

In other news, COO John Frank A. St sold 6,648 shares of the firm's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO John Frank A. St sold 6,648 shares of the firm's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of the firm's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The disclosure for this sale can be found here. Insiders have sold 16,874 shares of company stock worth $7,249,946 over the last quarter. Corporate insiders own 0.17% of the company's stock.

Hedge Funds Weigh In On Lockheed Martin

Large investors have recently modified their holdings of the business. First Pacific Financial bought a new position in Lockheed Martin during the first quarter worth $25,000. Altshuler Shaham Ltd bought a new position in Lockheed Martin during the fourth quarter worth $26,000. Bank Julius Baer & Co. Ltd Zurich raised its stake in Lockheed Martin by 73.0% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company's stock worth $26,000 after buying an additional 27 shares during the last quarter. Activest Wealth Management raised its stake in Lockheed Martin by 1,200.0% during the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company's stock worth $30,000 after buying an additional 60 shares during the last quarter. Finally, Milestone Investment Advisors LLC bought a new position in Lockheed Martin during the third quarter worth $33,000. 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.