Lockheed Martin (NYSE:LMT) Trading Down 0.4%

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on LMT shares. Morgan Stanley lowered their target price on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Citigroup upped their price objective on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. UBS Group increased their price target on shares of Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. Finally, Susquehanna lowered their price target on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $485.40.

Lockheed Martin Stock Performance

The company has a 50-day simple moving average of $446.80 and a two-hundred day simple moving average of $445.23. 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 firm has a market capitalization of $110.83 billion, a P/E ratio of 16.90, a PEG ratio of 4.24 and a beta of 0.46.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The business had revenue of $17.20 billion during the quarter, compared to the consensus estimate of $16.04 billion. During the same quarter in the prior year, the company earned $6.43 earnings per share. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. As a group, equities analysts forecast that Lockheed Martin Co. will post 26.15 EPS for the current year.

Lockheed Martin Dividend Announcement

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

Insider Buying and Selling

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction 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 filing with the SEC, which is available through the SEC website. In other news, SVP Maryanne Lavan sold 4,022 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Gregory M. Ulmer sold 6,204 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the sale, the insider now directly 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. Insiders have sold 16,874 shares of company stock worth $7,249,946 in the last 90 days. Insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On Lockheed Martin

Several large investors have recently bought and sold shares of the business. Herold Advisors Inc. grew its holdings in shares of Lockheed Martin by 8.6% in the third quarter. Herold Advisors Inc. now owns 3,448 shares of the aerospace company’s stock worth $1,410,000 after acquiring an additional 274 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Lockheed Martin by 3.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,088 shares of the aerospace company’s stock worth $8,624,000 after purchasing an additional 770 shares in the last quarter. Alethea Capital Management LLC bought a new position in Lockheed Martin in the 3rd quarter worth $415,000. New Mexico Educational Retirement Board lifted its position in Lockheed Martin by 6.4% during the third quarter. New Mexico Educational Retirement Board now owns 11,697 shares of the aerospace company’s stock valued at $4,784,000 after purchasing an additional 700 shares in the last quarter. Finally, Gilbert & Cook Inc. grew its holdings in Lockheed Martin by 22.8% during the third quarter. Gilbert & Cook Inc. now owns 1,275 shares of the aerospace company’s stock valued at $521,000 after purchasing an additional 237 shares during the period. 74.19% of the stock is currently 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.