Lockheed Martin (NYSE:LMT) Shares Down 0.4%

Lockheed Martin Co. (NYSE:LMT - Get Free Report)'s stock price dropped 0.4% during trading on Wednesday . The company traded as low as $460.56 and last traded at $463.01. Approximately 240,864 shares were traded during trading, a decline of 79% from the average daily volume of 1,148,455 shares. The stock had previously closed at $464.93.

Wall Street Analyst Weigh In

LMT has been the subject of a number of analyst reports. The Goldman Sachs Group decreased their target price on shares of Lockheed Martin from $380.00 to $377.00 and set a "sell" rating for the company in a research report on Tuesday, April 23rd. Morgan Stanley cut 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 research note on Wednesday, January 24th. UBS Group raised their price target on shares of Lockheed Martin from $482.00 to $499.00 and gave the company a "neutral" rating in a research report on Wednesday, April 24th. Susquehanna dropped their price target on shares of Lockheed Martin from $550.00 to $540.00 and set a "positive" rating on the stock in a research report on Wednesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft increased 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $485.40.

Lockheed Martin Stock Down 0.7 %

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 50-day moving average is $446.11 and its 200 day moving average is $445.10. The stock has a market cap of $110.79 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 4.28 and a beta of 0.48.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, beating the consensus estimate of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The business had revenue of $17.20 billion during the quarter, compared to the consensus estimate of $16.04 billion. During the same period in the prior year, the firm earned $6.43 earnings per share. The business's quarterly revenue was up 13.7% compared to the same quarter last year. Sell-side analysts anticipate that Lockheed Martin Co. will post 26.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the firm's stock in a transaction dated Friday, March 1st. The shares were 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 is accessible through this hyperlink. In other news, COO John Frank A. St sold 6,648 shares of the firm's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gregory M. Ulmer sold 6,204 shares of the firm's stock in a transaction dated 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 transaction, the insider now owns 12,604 shares of the company's stock, valued at $5,434,718.76. The disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock valued at $7,249,946 in the last quarter. Company insiders own 0.14% of the company's stock.

Hedge Funds Weigh In On Lockheed Martin

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Triumph Capital Management raised its position in shares of Lockheed Martin by 3.1% in the third quarter. Triumph Capital Management now owns 723 shares of the aerospace company's stock valued at $296,000 after purchasing an additional 22 shares during the period. Abbrea Capital LLC raised its holdings in shares of Lockheed Martin by 1.7% in the third quarter. Abbrea Capital LLC now owns 1,397 shares of the aerospace company's stock valued at $571,000 after buying an additional 23 shares during the last quarter. Pinnacle Wealth Planning Services Inc. raised its holdings in shares of Lockheed Martin by 1.6% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,429 shares of the aerospace company's stock valued at $584,000 after buying an additional 23 shares during the last quarter. Duncker Streett & Co. Inc. raised its holdings in shares of Lockheed Martin by 1.2% in the third quarter. Duncker Streett & Co. Inc. now owns 2,013 shares of the aerospace company's stock valued at $823,000 after buying an additional 24 shares during the last quarter. Finally, Norris Perne & French LLP MI raised its holdings in Lockheed Martin by 2.8% during the 4th quarter. Norris Perne & French LLP MI now owns 905 shares of the aerospace company's stock worth $410,000 after purchasing an additional 25 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.