Lockheed Martin (NYSE:LMT) Trading Down 0.4%

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Citigroup lifted their price objective on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. The Goldman Sachs Group dropped their price objective on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a report on Tuesday, April 23rd. Wells Fargo & Company boosted their target price on shares of Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. Finally, JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $475.00 to $518.00 in a research note on Monday, April 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $485.40.

Lockheed Martin Trading Down 0.3 %

The firm has a market capitalization of $110.83 billion, a PE ratio of 16.90, a P/E/G ratio of 4.24 and a beta of 0.46. 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’s fifty day moving average price is $446.80 and its 200 day moving average price is $445.23.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating the consensus estimate of $5.80 by $0.53. The company had revenue of $17.20 billion during 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 firm’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.43 EPS. As a group, analysts expect that Lockheed Martin Co. will post 26.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be paid a dividend of $3.15 per share. The ex-dividend date is Monday, June 3rd. This represents a $12.60 annualized dividend and a yield of 2.73%. Lockheed Martin’s dividend payout ratio is presently 46.10%.

Insider Activity at Lockheed Martin

In other news, insider Gregory M. Ulmer sold 6,204 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total value of $2,675,102.76. Following the completion of the sale, the insider now owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Lockheed Martin 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 transaction of $2,827,726.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction on 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 sale, the insider now 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. Over the last quarter, insiders have sold 16,874 shares of company stock worth $7,249,946. Company insiders own 0.17% of the company’s stock.

Institutional Trading of Lockheed Martin

Several hedge funds and other institutional investors have recently bought and sold shares of the company. First Pacific Financial bought a new position in Lockheed Martin during the first quarter worth $25,000. Altshuler Shaham Ltd acquired a new position in shares of Lockheed Martin in the 4th quarter valued at about $26,000. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Lockheed Martin by 73.0% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after buying an additional 27 shares during the last quarter. Activest Wealth Management raised 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 worth $30,000 after acquiring an additional 60 shares during the period. Finally, Milestone Investment Advisors LLC bought a new position in Lockheed Martin in the third quarter worth about $33,000. 74.19% of the stock is owned by institutional investors.

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.