Investors bought shares of Lockheed Martin Co. (NYSE:LMT) on weakness during trading hours on Monday. $94.57 million flowed into the stock on the tick-up and $47.12 million flowed out of the stock on the tick-down, for a money net flow of $47.45 million into the stock. Of all stocks tracked, Lockheed Martin had the 15th highest net in-flow for the day. Lockheed Martin traded down ($0.99) for the day and closed at $308.71

Several analysts recently weighed in on LMT shares. Robert W. Baird restated a “buy” rating and issued a $326.00 price objective on shares of Lockheed Martin in a report on Friday, December 21st. ValuEngine downgraded Lockheed Martin from a “hold” rating to a “sell” rating in a report on Tuesday, December 25th. Jefferies Financial Group restated a “hold” rating and issued a $274.00 price objective on shares of Lockheed Martin in a report on Wednesday, January 9th. Morgan Stanley downgraded Lockheed Martin from an “overweight” rating to an “equal weight” rating and set a $300.00 price objective for the company. in a report on Wednesday, January 9th. Finally, Vertical Group upgraded Lockheed Martin from a “hold” rating to a “buy” rating in a report on Thursday, January 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Lockheed Martin has a consensus rating of “Buy” and an average price target of $350.00.

The company has a debt-to-equity ratio of 8.70, a current ratio of 1.12 and a quick ratio of 0.91. The company has a market cap of $87.40 billion, a PE ratio of 17.29, a PEG ratio of 2.26 and a beta of 1.01.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 29th. The aerospace company reported $4.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $4.39. Lockheed Martin had a return on equity of 726.78% and a net margin of 9.39%. The company had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.75 billion. During the same quarter in the previous year, the firm earned ($2.25) earnings per share. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, analysts expect that Lockheed Martin Co. will post 19.46 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were paid a $2.20 dividend. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $8.80 annualized dividend and a yield of 2.85%. Lockheed Martin’s dividend payout ratio (DPR) is presently 49.30%.

In other news, Chairman Marillyn A. Hewson sold 59,434 shares of the business’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $306.60, for a total transaction of $18,222,464.40. Following the sale, the chairman now owns 109,531 shares in the company, valued at $33,582,204.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Brian P. Colan sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $304.56, for a total value of $1,218,240.00. Following the sale, the vice president now owns 2,489 shares in the company, valued at approximately $758,049.84. The disclosure for this sale can be found here. Insiders have sold 85,186 shares of company stock worth $26,010,927 in the last 90 days. Insiders own 0.35% of the company’s stock.

Several hedge funds have recently modified their holdings of LMT. Man Group plc boosted its position in Lockheed Martin by 63.0% in the third quarter. Man Group plc now owns 70,260 shares of the aerospace company’s stock valued at $24,307,000 after buying an additional 27,160 shares during the last quarter. California Public Employees Retirement System boosted its position in Lockheed Martin by 40.6% in the fourth quarter. California Public Employees Retirement System now owns 1,294,842 shares of the aerospace company’s stock valued at $339,041,000 after buying an additional 373,997 shares during the last quarter. PFG Advisors purchased a new stake in Lockheed Martin in the fourth quarter valued at approximately $886,000. Schulhoff & Co. Inc. boosted its position in Lockheed Martin by 1.6% in the fourth quarter. Schulhoff & Co. Inc. now owns 13,088 shares of the aerospace company’s stock valued at $3,427,000 after buying an additional 205 shares during the last quarter. Finally, EFG Asset Management Americas Corp. boosted its position in Lockheed Martin by 70.7% in the first quarter. EFG Asset Management Americas Corp. now owns 3,059 shares of the aerospace company’s stock valued at $918,000 after buying an additional 1,267 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece of content was first posted by Daily Political and is the property of of Daily Political. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2019/04/15/investors-buy-shares-of-lockheed-martin-lmt-on-weakness.html.

About Lockheed Martin (NYSE:LMT)

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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

See Also: Quiet Period Expirations

Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.