Lockheed Martin (NYSE:LMT) Shares Down 0.2%

Shares of Lockheed Martin Co. (NYSE:LMT) traded down 0.2% during mid-day trading on Friday . The company traded as low as $465.82 and last traded at $466.06. 97,900 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 1,079,063 shares. The stock had previously closed at $467.08.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. UBS Group increased their target price on Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and increased their target price for the company from $475.00 to $518.00 in a research note on Monday, April 15th. Deutsche Bank Aktiengesellschaft increased their price target on Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a report on Thursday, April 25th. Finally, The Goldman Sachs Group reduced their price target on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Lockheed Martin presently has a consensus rating of “Hold” and a consensus target price of $485.40.

Lockheed Martin Trading Down 0.2 %

The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30. The business has a fifty day simple moving average of $457.24 and a 200 day simple moving average of $447.25. The company has a market cap of $111.89 billion, a P/E ratio of 17.05, a P/E/G ratio of 4.42 and a beta of 0.46.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The business’s revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the business posted $6.43 EPS. Analysts anticipate that Lockheed Martin Co. will post 26.17 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be issued a $3.15 dividend. This represents a $12.60 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Monday, June 3rd. Lockheed Martin’s dividend payout ratio (DPR) is 46.10%.

Insider Activity at Lockheed Martin

In related news, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, 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 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 legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Maryanne Lavan sold 4,022 shares of Lockheed Martin stock in a transaction on Tuesday, March 5th. The shares were 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 worth $7,249,946 in the last three months. 0.17% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lockheed Martin

Several hedge funds have recently modified their holdings of LMT. WealthPlan Investment Management LLC grew its holdings in shares of Lockheed Martin by 132.9% in the 3rd quarter. WealthPlan Investment Management LLC now owns 10,230 shares of the aerospace company’s stock worth $4,184,000 after acquiring an additional 5,838 shares during the last quarter. Empower Advisory Group LLC grew its holdings in shares of Lockheed Martin by 27.0% in the 3rd quarter. Empower Advisory Group LLC now owns 11,579 shares of the aerospace company’s stock worth $4,735,000 after acquiring an additional 2,465 shares during the last quarter. Lincoln National Corp grew its holdings in shares of Lockheed Martin by 1.6% in the 3rd quarter. Lincoln National Corp now owns 15,284 shares of the aerospace company’s stock worth $6,251,000 after acquiring an additional 247 shares during the last quarter. Nicholas Hoffman & Company LLC. boosted its position in shares of Lockheed Martin by 9.4% in the third quarter. Nicholas Hoffman & Company LLC. now owns 2,644 shares of the aerospace company’s stock worth $1,081,000 after buying an additional 227 shares during the period. Finally, Meyer Handelman Co. boosted its position in shares of Lockheed Martin by 7.5% in the third quarter. Meyer Handelman Co. now owns 3,590 shares of the aerospace company’s stock worth $1,468,000 after buying an additional 250 shares during the period. 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.