Lockheed Martin (NYSE:LMT) Shares Down 0.4%

Lockheed Martin Co. (NYSE:LMT - Get Free Report) traded down 0.4% during mid-day trading on Thursday . The stock traded as low as $459.00 and last traded at $459.94. 137,180 shares traded hands during trading, a decline of 88% from the average session volume of 1,145,497 shares. The stock had previously closed at $461.73.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Citigroup boosted their price objective on Lockheed Martin from $508.00 to $525.00 and gave the stock a "buy" rating in a research report on Wednesday, April 24th. Morgan Stanley reduced their price objective on Lockheed Martin from $513.00 to $503.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 24th. Wells Fargo & Company boosted their price objective on Lockheed Martin from $460.00 to $480.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 25th. Susquehanna reduced their price objective on Lockheed Martin from $550.00 to $540.00 and set a "positive" rating for the company in a research report on Wednesday, January 24th. Finally, The Goldman Sachs Group cut their target price on Lockheed Martin from $380.00 to $377.00 and set a "sell" rating for the company in a research report on Tuesday, April 23rd. One 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. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $485.40.

Lockheed Martin Price Performance

The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89. The company has a market cap of $111.18 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 4.26 and a beta of 0.46. The business has a 50-day moving average price of $446.80 and a 200 day moving average price of $445.23.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.80 by $0.53. The business had revenue of $17.20 billion for 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%. The company's quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm posted $6.43 EPS. As a group, research analysts expect that Lockheed Martin Co. will post 26.12 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors 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 yield of 2.72%. Lockheed Martin's dividend payout ratio is 46.10%.

Insider Buying and Selling at Lockheed Martin

In other news, COO John Frank A. St sold 6,648 shares of the firm's stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO John Frank A. St sold 6,648 shares of the firm's stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $1,747,116.58. 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 three months. 0.17% of the stock is currently owned by company insiders.

Institutional Trading of Lockheed Martin

A number of institutional investors have recently bought and sold shares of LMT. First Pacific Financial acquired a new stake in shares of Lockheed Martin in the first quarter worth about $25,000. Bank Julius Baer & Co. Ltd Zurich increased its stake in Lockheed Martin by 73.0% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company's stock valued at $26,000 after acquiring an additional 27 shares during the period. Altshuler Shaham Ltd bought a new position in Lockheed Martin during the fourth quarter valued at about $26,000. Activest Wealth Management increased its stake in Lockheed Martin by 1,200.0% during the fourth 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 period. Finally, Milestone Investment Advisors LLC bought a new position in Lockheed Martin during the third quarter valued at about $33,000. 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.