Lockheed Martin (NYSE:LMT) Trading 0.6% Higher

Lockheed Martin Co. (NYSE:LMT - Get Free Report)'s stock price was up 0.6% on Monday . The stock traded as high as $472.35 and last traded at $471.65. Approximately 89,511 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 1,113,643 shares. The stock had previously closed at $468.88.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Lockheed Martin from $467.00 to $487.00 and gave the stock a "hold" rating in a research note on Thursday, April 25th. Morgan Stanley dropped their price objective on shares of Lockheed Martin from $513.00 to $503.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 24th. Royal Bank of Canada decreased their target price on shares of Lockheed Martin from $475.00 to $470.00 and set a "sector perform" rating on the stock in a research note on Wednesday, January 24th. Citigroup increased their price target on Lockheed Martin from $508.00 to $525.00 and gave the company a "buy" rating in a research note on Wednesday, April 24th. Finally, Susquehanna lowered 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. 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $485.40.

Lockheed Martin Price Performance

The firm has a market capitalization of $112.91 billion, a P/E ratio of 17.21, a PEG ratio of 4.29 and a beta of 0.46. The company has a fifty day moving average of $451.15 and a 200 day moving average of $446.14. 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 EPS for the quarter, beating analysts' consensus estimates of $5.80 by $0.53. The company had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The company's quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the firm posted $6.43 EPS. Sell-side analysts predict that Lockheed Martin Co. will post 26.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be paid a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Monday, June 3rd. Lockheed Martin's dividend payout ratio is 46.10%.

Insider Buying and Selling

In related news, SVP Maryanne Lavan sold 4,022 shares of the business'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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, SVP Maryanne Lavan sold 4,022 shares of the firm'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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO John Frank A. St sold 6,648 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The disclosure for this sale can be found here. Insiders sold 16,874 shares of company stock valued at $7,249,946 over the last 90 days. Company insiders own 0.14% of the company's stock.

Institutional Trading of Lockheed Martin

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Lockheed Martin by 1.3% during the third quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company's stock valued at $9,120,920,000 after buying an additional 279,162 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Lockheed Martin by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,686,937 shares of the aerospace company's stock valued at $2,302,388,000 after acquiring an additional 97,916 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Lockheed Martin by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,158,783 shares of the aerospace company's stock worth $1,291,816,000 after acquiring an additional 121,358 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Lockheed Martin by 14.9% in the 4th quarter. Franklin Resources Inc. now owns 2,589,447 shares of the aerospace company's stock worth $1,173,641,000 after acquiring an additional 336,588 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Lockheed Martin by 4.0% in the third quarter. Northern Trust Corp now owns 2,388,377 shares of the aerospace company's stock valued at $976,751,000 after purchasing an additional 91,109 shares during the last quarter. 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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