Lockheed Martin (NYSE:LMT) Trading Down 0.2%

Lockheed Martin Co. (NYSE:LMT)’s stock price dropped 0.2% during mid-day trading on Wednesday . The company traded as low as $464.13 and last traded at $464.59. Approximately 96,405 shares changed hands during trading, a decline of 91% from the average daily volume of 1,082,016 shares. The stock had previously closed at $465.70.

Wall Street Analyst Weigh In

LMT has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price objective 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. Deutsche Bank Aktiengesellschaft lifted their price objective on Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. The Goldman Sachs Group lowered their price objective on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research note on Tuesday, April 23rd. JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $475.00 to $518.00 in a report on Monday, April 15th. Finally, StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Lockheed Martin currently has an average rating of “Hold” and a consensus target price of $485.40.

Lockheed Martin Stock Down 0.2 %

The company has a 50-day moving average price of $465.05 and a 200 day moving average price of $450.65. The firm has a market capitalization of $111.50 billion, a PE ratio of 17.00, a P/E/G ratio of 4.40 and a beta of 0.46. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping analysts’ consensus estimates of $5.80 by $0.53. The company 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 firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the business earned $6.43 earnings per share. Analysts forecast that Lockheed Martin Co. will post 26.17 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors 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 dividend on an annualized basis and a dividend yield of 2.71%. Lockheed Martin’s dividend payout ratio is currently 46.10%.

Institutional Investors Weigh In On Lockheed Martin

Several large investors have recently added to or reduced their stakes in LMT. Vanguard Group Inc. grew its stake in shares of Lockheed Martin by 1.3% during the third quarter. Vanguard Group Inc. now owns 22,302,719 shares of the aerospace company’s stock valued at $9,120,920,000 after buying an additional 279,162 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Lockheed Martin by 4.0% during the third quarter. Wellington Management Group LLP now owns 3,158,783 shares of the aerospace company’s stock valued at $1,291,816,000 after buying an additional 121,358 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Lockheed Martin by 14.9% during the fourth quarter. Franklin Resources Inc. now owns 2,589,447 shares of the aerospace company’s stock valued at $1,173,641,000 after buying an additional 336,588 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Lockheed Martin by 10,526.6% during the fourth quarter. International Assets Investment Management LLC now owns 1,362,228 shares of the aerospace company’s stock valued at $617,416,000 after buying an additional 1,349,409 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Lockheed Martin by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,038,161 shares of the aerospace company’s stock valued at $470,536,000 after buying an additional 27,349 shares during the last quarter. 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.