Lockheed Martin (NYSE:LMT) Stock Price Down 0.5%

Lockheed Martin Co. (NYSE:LMT - Get Free Report) traded down 0.5% during mid-day trading on Tuesday . The stock traded as low as $464.40 and last traded at $465.25. 135,783 shares were traded during trading, a decline of 88% from the average session volume of 1,152,735 shares. The stock had previously closed at $467.55.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada lowered their price target on Lockheed Martin from $475.00 to $470.00 and set a "sector perform" rating for the company in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Lockheed Martin from $467.00 to $487.00 and gave the company a "hold" rating in a research note on Thursday, April 25th. Wells Fargo & Company increased their target price on shares of Lockheed Martin from $460.00 to $480.00 and gave the stock an "equal weight" rating in a report on Thursday, April 25th. UBS Group lifted their price target 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. Finally, StockNews.com raised shares of Lockheed Martin from a "buy" rating to a "strong-buy" rating in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Lockheed Martin has an average rating of "Hold" and a consensus price target of $485.40.

Lockheed Martin Trading Down 0.6 %

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 firm's fifty day moving average price is $445.43 and its 200-day moving average price is $444.99. The company has a market cap of $111.56 billion, a price-to-earnings ratio of 17.01, a P/E/G ratio of 4.22 and a beta of 0.48.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $16.04 billion. During the same period in the previous year, the business posted $6.43 EPS. Lockheed Martin's revenue was up 13.7% on a year-over-year basis. On average, equities analysts expect that Lockheed Martin Co. will post 26.16 EPS for the current fiscal year.

Insider Transactions at Lockheed Martin

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 stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of the business's 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 sale, the insider now directly owns 12,604 shares in the company, valued at approximately $5,434,718.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,874 shares of company stock worth $7,249,946. Company insiders own 0.14% of the company's stock.

Institutional Investors Weigh In On Lockheed Martin

Institutional investors have recently added to or reduced their stakes in the company. First Pacific Financial bought a new stake in shares of Lockheed Martin in the 1st quarter worth $25,000. Altshuler Shaham Ltd acquired a new position in Lockheed Martin during the fourth quarter worth about $26,000. Bank Julius Baer & Co. Ltd Zurich raised its position in Lockheed Martin by 73.0% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company's stock worth $26,000 after acquiring an additional 27 shares in the last quarter. Activest Wealth Management lifted its holdings in Lockheed Martin by 1,200.0% in the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company's stock valued at $30,000 after acquiring an additional 60 shares during the last quarter. Finally, Milestone Investment Advisors LLC bought a new position in shares of Lockheed Martin during the 3rd quarter valued at about $33,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

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.