Lockheed Martin (NYSE:LMT) Stock Price Up 0.4%

Lockheed Martin Co. (NYSE:LMT - Get Free Report)'s stock price was up 0.4% during trading on Friday . The stock traded as high as $470.62 and last traded at $470.25. Approximately 87,042 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 1,120,659 shares. The stock had previously closed at $468.39.

Analysts Set New Price Targets

Several analysts recently commented on LMT shares. Citigroup lifted their target price on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a "buy" rating in a report on Wednesday, April 24th. Morgan Stanley lowered their price target on shares of Lockheed Martin from $513.00 to $503.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 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, April 25th. Royal Bank of Canada dropped 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 research report on Wednesday, January 24th. Finally, Wells Fargo & Company raised their price objective on Lockheed Martin from $460.00 to $480.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Lockheed Martin has an average rating of "Hold" and a consensus price target of $485.40.

Lockheed Martin Stock Up 0.1 %

The company has a market capitalization of $112.50 billion, a P/E ratio of 17.21, 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 quick ratio of 1.11 and a current ratio of 1.30. The firm's fifty day moving average is $450.30 and its 200-day moving average is $445.96.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating analysts' consensus estimates of $5.80 by $0.53. The company had revenue of $17.20 billion during the quarter, compared to analysts' expectations of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. Lockheed Martin's revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the company earned $6.43 EPS. As a group, equities research analysts predict that Lockheed Martin Co. will post 26.15 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be paid a dividend of $3.15 per share. This represents a $12.60 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Monday, June 3rd. Lockheed Martin's payout ratio is currently 46.10%.

Insider Activity

In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the completion of the sale, the insider now directly owns 12,604 shares of the company's stock, valued at approximately $5,434,718.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the transaction, the insider now owns 12,604 shares of the company's stock, valued at approximately $5,434,718.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,874 shares of company stock valued at $7,249,946. Company insiders own 0.14% of the company's stock.

Hedge Funds Weigh In On Lockheed Martin

Several institutional investors have recently bought and sold shares of the company. Spirepoint Private Client LLC purchased a new position in shares of Lockheed Martin during the 1st quarter valued at $6,591,000. Intech Investment Management LLC lifted its holdings in Lockheed Martin by 27.9% during the first quarter. Intech Investment Management LLC now owns 64,208 shares of the aerospace company's stock valued at $29,206,000 after purchasing an additional 14,018 shares during the last quarter. Tocqueville Asset Management L.P. boosted its position in Lockheed Martin by 6.4% during the first quarter. Tocqueville Asset Management L.P. now owns 76,115 shares of the aerospace company's stock worth $34,623,000 after purchasing an additional 4,564 shares during the period. Sentry Investment Management LLC raised its position in shares of Lockheed Martin by 9.7% in the first quarter. Sentry Investment Management LLC now owns 1,284 shares of the aerospace company's stock valued at $584,000 after purchasing an additional 114 shares during the period. Finally, 1ST Source Bank lifted its stake in shares of Lockheed Martin by 0.9% during the 1st quarter. 1ST Source Bank now owns 6,144 shares of the aerospace company's stock valued at $2,795,000 after buying an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

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.

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