Lockheed Martin (NYSE:LMT) Trading Up 0.1%

Lockheed Martin Co. (NYSE:LMT - Get Free Report)'s stock price was up 0.1% on Wednesday . The stock traded as high as $469.90 and last traded at $468.56. Approximately 72,976 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 1,086,355 shares. The stock had previously closed at $468.31.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on LMT shares. 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 report on Wednesday, January 24th. Susquehanna decreased their price objective on shares of Lockheed Martin from $550.00 to $540.00 and set a "positive" rating on the stock in a report on Wednesday, January 24th. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $475.00 to $518.00 in a report on Monday, April 15th. StockNews.com upgraded shares of Lockheed Martin from a "buy" rating to a "strong-buy" rating in a report on Thursday, April 25th. Finally, Morgan Stanley decreased their price objective on shares of Lockheed Martin from $513.00 to $503.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $485.40.

Lockheed Martin Stock Performance

The stock's 50-day simple moving average is $455.92 and its 200 day simple moving average is $446.96. 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 company has a market capitalization of $112.69 billion, a PE ratio of 17.14, a P/E/G ratio of 4.27 and a beta of 0.46.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced 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 the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.43 EPS. As a group, research analysts expect that Lockheed Martin Co. will post 26.17 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be given 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 (DPR) is 46.10%.

Insider Activity at Lockheed Martin

In related news, SVP Maryanne Lavan sold 4,022 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Gregory M. Ulmer sold 6,204 shares of the firm's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the completion of the sale, the insider now owns 12,604 shares in the company, valued at approximately $5,434,718.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of the firm's 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 disclosure for this sale can be found here. Insiders have sold 16,874 shares of company stock valued at $7,249,946 in the last ninety days. Insiders own 0.14% of the company's stock.

Institutional Trading of Lockheed Martin

Several hedge funds have recently made changes to their positions in the company. Warther Private Wealth LLC increased its holdings in shares of Lockheed Martin by 86.1% in the 4th quarter. Warther Private Wealth LLC now owns 16,369 shares of the aerospace company's stock valued at $7,419,000 after purchasing an additional 7,575 shares in the last quarter. Herold Advisors Inc. increased its holdings 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 valued at $1,410,000 after purchasing an additional 274 shares in the last quarter. Alethea Capital Management LLC purchased a new position in Lockheed Martin during the 3rd quarter valued at about $415,000. Brandywine Global Investment Management LLC increased its holdings in Lockheed Martin by 14.1% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 305,555 shares of the aerospace company's stock valued at $124,960,000 after acquiring an additional 37,827 shares in the last quarter. Finally, AdvisorNet Financial Inc increased its holdings in Lockheed Martin by 0.4% during the 4th quarter. AdvisorNet Financial Inc now owns 7,741 shares of the aerospace company's stock valued at $3,509,000 after acquiring an additional 29 shares in the last quarter. Institutional investors and hedge funds 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.