Lockheed Martin (NYSE:LMT) Shares Down 1.1%

Lockheed Martin Co. (NYSE:LMT - Get Free Report) shares traded down 1.1% during trading on Friday . The stock traded as low as $457.17 and last traded at $457.91. 189,114 shares were traded during mid-day trading, a decline of 83% from the average session volume of 1,144,412 shares. The stock had previously closed at $463.20.

Analyst Ratings Changes

Several research analysts have recently weighed in on LMT shares. StockNews.com raised shares of Lockheed Martin from a "buy" rating to a "strong-buy" rating in a research report on Thursday, April 25th. Royal Bank of Canada reduced their target price 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. Morgan Stanley reduced their price target on shares of 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. UBS Group increased their price objective on Lockheed Martin from $482.00 to $499.00 and gave the stock a "neutral" rating in a report on Wednesday, April 24th. Finally, The Goldman Sachs Group lowered their target price on Lockheed Martin from $380.00 to $377.00 and set a "sell" rating on the stock in a research note on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $485.40.

Lockheed Martin Stock Down 0.3 %

The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. The business has a 50-day simple moving average of $446.80 and a 200-day simple moving average of $445.23. The stock has a market cap of $110.84 billion, a P/E ratio of 16.90, a PEG ratio of 4.22 and a beta of 0.46.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.80 by $0.53. The business had revenue of $17.20 billion during 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%. Lockheed Martin's quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.43 EPS. Analysts expect that Lockheed Martin Co. will post 26.15 EPS 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 2.73%. Lockheed Martin's payout ratio is presently 46.10%.

Insider Activity at Lockheed Martin

In other news, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, COO John Frank A. St sold 6,648 shares of Lockheed Martin 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Gregory M. Ulmer sold 6,204 shares of the 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 directly owns 12,604 shares of the company's stock, valued at approximately $5,434,718.76. The disclosure for this sale can be found here. Insiders sold a total of 16,874 shares of company stock worth $7,249,946 in the last 90 days. 0.17% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC lifted its holdings in Lockheed Martin by 10,526.6% during the 4th quarter. International Assets Investment Management LLC now owns 1,362,228 shares of the aerospace company's stock valued at $617,416,000 after purchasing an additional 1,349,409 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Lockheed Martin by 1,075.2% in the 1st quarter. Van ECK Associates Corp now owns 481,106 shares of the aerospace company's stock worth $218,841,000 after acquiring an additional 440,169 shares in the last quarter. Franklin Resources Inc. boosted its holdings 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. Confluence Investment Management LLC bought a new stake in Lockheed Martin during the 1st quarter worth approximately $151,402,000. Finally, Vanguard Group Inc. increased its holdings in Lockheed Martin by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company's stock valued at $9,120,920,000 after purchasing an additional 279,162 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

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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