Lockheed Martin (NYSE:LMT) Trading 0.4% Higher

Lockheed Martin Co. (NYSE:LMT - Get Free Report) shares traded up 0.4% during trading on Tuesday . The stock traded as high as $466.81 and last traded at $464.46. 167,309 shares were traded during mid-day trading, a decline of 85% from the average session volume of 1,137,820 shares. The stock had previously closed at $462.78.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LMT shares. Susquehanna dropped their target price on Lockheed Martin from $550.00 to $540.00 and set a "positive" rating for the company in a report on Wednesday, January 24th. UBS Group raised their target price on Lockheed Martin from $482.00 to $499.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. raised Lockheed Martin from a "neutral" rating to an "overweight" rating and upped their price target for the company from $475.00 to $518.00 in a research report on Monday, April 15th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Lockheed Martin from $467.00 to $487.00 and gave the company a "hold" rating in a report on Thursday, April 25th. Finally, Royal Bank of Canada reduced their price target on shares of Lockheed Martin from $475.00 to $470.00 and set a "sector perform" rating on the stock in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Lockheed Martin currently has an average rating of "Hold" and a consensus price target of $485.40.

Lockheed Martin Price Performance

The firm's 50 day moving average is $448.81 and its 200 day moving average is $445.66. The firm has a market cap of $111.95 billion, a P/E ratio of 17.07, a price-to-earnings-growth ratio of 4.23 and a beta of 0.46. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data 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 return on equity of 85.96% and a net margin of 9.73%. The company had revenue of $17.20 billion during the quarter, compared to analyst estimates of $16.04 billion. During the same quarter last year, the company earned $6.43 EPS. The firm's revenue for the quarter was up 13.7% on a year-over-year basis. As a group, analysts anticipate that Lockheed Martin Co. will post 26.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be given a dividend of $3.15 per share. This represents a $12.60 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Monday, June 3rd. Lockheed Martin's dividend payout ratio (DPR) is 46.10%.

Insiders Place Their Bets

In related news, COO John Frank A. St sold 6,648 shares of the firm's stock in a transaction that occurred 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO John Frank A. St sold 6,648 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of the business's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,874 shares of company stock valued at $7,249,946. Insiders own 0.14% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Herold Advisors Inc. boosted its stake in shares of Lockheed Martin by 8.6% in the 3rd quarter. Herold Advisors Inc. now owns 3,448 shares of the aerospace company's stock worth $1,410,000 after buying an additional 274 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Lockheed Martin by 3.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,088 shares of the aerospace company's stock valued at $8,624,000 after purchasing an additional 770 shares during the period. Alethea Capital Management LLC purchased a new stake in shares of Lockheed Martin during the 3rd quarter valued at about $415,000. New Mexico Educational Retirement Board lifted its stake in shares of Lockheed Martin by 6.4% in the 3rd quarter. New Mexico Educational Retirement Board now owns 11,697 shares of the aerospace company's stock worth $4,784,000 after purchasing an additional 700 shares during the period. Finally, Gilbert & Cook Inc. boosted its holdings in shares of Lockheed Martin by 22.8% in the third quarter. Gilbert & Cook Inc. now owns 1,275 shares of the aerospace company's stock worth $521,000 after buying an additional 237 shares during the last quarter. 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.