Lockheed Martin (NYSE:LMT) Stock Price Up 0.4%

Shares of Lockheed Martin Co. (NYSE:LMT) rose 0.4% on Thursday . The stock traded as high as $468.20 and last traded at $468.09. Approximately 135,238 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 1,126,862 shares. The stock had previously closed at $466.16.

Analyst Ratings Changes

LMT has been the topic of several research analyst reports. Morgan Stanley decreased their price objective on shares of Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Wells Fargo & Company upped their price objective on shares of Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $475.00 to $518.00 in a research report on Monday, April 15th. UBS Group increased their price target on shares of Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Finally, The Goldman Sachs Group reduced their price target on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research report on Tuesday, April 23rd. One research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $485.40.

Lockheed Martin Price Performance

The firm has a fifty day moving average of $449.49 and a 200 day moving average of $445.80. The company has a market capitalization of $112.38 billion, a P/E ratio of 17.14, a P/E/G ratio of 4.23 and a beta of 0.46. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, topping the consensus estimate of $5.80 by $0.53. Lockheed Martin had a return on equity of 85.96% and a net margin of 9.73%. The company had revenue of $17.20 billion during the quarter, compared to the consensus estimate of $16.04 billion. During the same period last year, the company earned $6.43 EPS. Lockheed Martin’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, equities research analysts anticipate that Lockheed Martin Co. will post 26.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Monday, June 3rd. This represents a $12.60 annualized dividend and a yield of 2.69%. Lockheed Martin’s payout ratio is 46.10%.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction dated 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 sold a total of 16,874 shares of company stock worth $7,249,946 in the last three months. 0.14% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LMT. First Pacific Financial bought a new position in Lockheed Martin in the 1st quarter worth approximately $25,000. Altshuler Shaham Ltd bought a new position in Lockheed Martin in the 4th quarter worth approximately $26,000. Bank Julius Baer & Co. Ltd Zurich boosted its stake in Lockheed Martin by 73.0% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 27 shares during the period. Activest Wealth Management boosted its stake in Lockheed Martin by 1,200.0% in the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 60 shares during the period. Finally, Edmond DE Rothschild Holding S.A. bought a new position in Lockheed Martin in the 1st quarter worth approximately $30,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

About Lockheed Martin

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.