Lockheed Martin (NYSE:LMT) Trading Down 0.1%

Lockheed Martin Co. (NYSE:LMT)’s stock price was down 0.1% during mid-day trading on Monday . The stock traded as low as $466.37 and last traded at $466.56. Approximately 125,520 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 1,091,109 shares. The stock had previously closed at $467.10.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on LMT shares. JPMorgan Chase & Co. upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $475.00 to $518.00 in a research note on Monday, April 15th. StockNews.com upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 25th. The Goldman Sachs Group dropped their target price on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a report on Tuesday, April 23rd. Citigroup raised their target price on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, Wells Fargo & Company raised their target price on Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. One research 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $485.40.

Lockheed Martin Stock Performance

The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11. The firm has a fifty day simple moving average of $464.84 and a 200 day simple moving average of $450.33. The company has a market capitalization of $111.64 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 4.40 and a beta of 0.46.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $16.04 billion. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. Lockheed Martin’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the company earned $6.43 earnings per share. On average, analysts anticipate that Lockheed Martin Co. will post 26.17 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be given a $3.15 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $12.60 annualized dividend and a dividend yield of 2.71%. Lockheed Martin’s dividend payout ratio (DPR) is presently 46.10%.

Hedge Funds Weigh In On Lockheed Martin

Several hedge funds and other institutional investors have recently made changes to their positions in LMT. Hodges Capital Management Inc. purchased a new position in Lockheed Martin during the third quarter worth approximately $369,000. Axxcess Wealth Management LLC raised its position in Lockheed Martin by 202.4% in the third quarter. Axxcess Wealth Management LLC now owns 7,854 shares of the aerospace company’s stock valued at $3,212,000 after purchasing an additional 5,257 shares during the period. AXQ Capital LP acquired a new stake in shares of Lockheed Martin in the third quarter valued at $982,000. Alps Advisors Inc. grew its stake in shares of Lockheed Martin by 11.2% in the third quarter. Alps Advisors Inc. now owns 17,698 shares of the aerospace company’s stock valued at $7,238,000 after buying an additional 1,785 shares in the last quarter. Finally, Eubel Brady & Suttman Asset Management Inc. grew its stake in shares of Lockheed Martin by 2.0% in the third quarter. Eubel Brady & Suttman Asset Management Inc. now owns 40,254 shares of the aerospace company’s stock valued at $16,462,000 after buying an additional 801 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

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.