Lockheed Martin (NYSE:LMT) Trading Up 0% – Time to Buy?

Lockheed Martin Co. (NYSE:LMT) shares were up 0% during mid-day trading on Friday . The company traded as high as $545.71 and last traded at $542.23. Approximately 241,106 shares were traded during trading, a decline of 77% from the average daily volume of 1,061,104 shares. The stock had previously closed at $542.01.

Analysts Set New Price Targets

LMT has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Royal Bank of Canada lowered their price objective on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Robert W. Baird increased their price target on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Melius upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 target price for the company in a report on Tuesday, September 3rd. Finally, Melius Research raised shares of Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $611.00.

Lockheed Martin Stock Up 0.0 %

The stock has a market cap of $128.53 billion, a P/E ratio of 19.63, a P/E/G ratio of 4.43 and a beta of 0.49. The company’s 50 day moving average price is $573.12 and its two-hundred day moving average price is $527.36. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The business had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. During the same period in the previous year, the company posted $6.77 EPS. Lockheed Martin’s revenue was up 1.3% on a year-over-year basis. As a group, research analysts expect that Lockheed Martin Co. will post 26.89 earnings per share for the current year.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be paid a $3.30 dividend. The ex-dividend date is Monday, December 2nd. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 dividend on an annualized basis and a yield of 2.43%. Lockheed Martin’s dividend payout ratio is 45.62%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Gabelli Funds LLC increased its holdings in Lockheed Martin by 7.3% during the first quarter. Gabelli Funds LLC now owns 7,350 shares of the aerospace company’s stock valued at $3,343,000 after buying an additional 500 shares during the period. 1832 Asset Management L.P. increased its holdings in shares of Lockheed Martin by 25.5% in the 1st quarter. 1832 Asset Management L.P. now owns 9,970 shares of the aerospace company’s stock valued at $4,535,000 after acquiring an additional 2,024 shares during the period. Lazard Asset Management LLC raised its position in shares of Lockheed Martin by 112.2% in the 1st quarter. Lazard Asset Management LLC now owns 38,442 shares of the aerospace company’s stock worth $17,486,000 after acquiring an additional 20,327 shares in the last quarter. Mount Yale Investment Advisors LLC lifted its stake in shares of Lockheed Martin by 15.1% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 1,636 shares of the aerospace company’s stock worth $744,000 after purchasing an additional 215 shares during the last quarter. Finally, Waverly Advisors LLC boosted its position in Lockheed Martin by 168.3% during the first quarter. Waverly Advisors LLC now owns 3,839 shares of the aerospace company’s stock valued at $1,747,000 after purchasing an additional 2,408 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.