Lockheed Martin (NYSE:LMT) Stock Price Down 0.2%

Shares of Lockheed Martin Co. (NYSE:LMT) dropped 0.2% on Wednesday . The stock traded as low as $464.13 and last traded at $464.59. Approximately 96,405 shares traded 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.

Analysts Set New Price Targets

A number of research firms have commented on LMT. UBS Group increased their price target on Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Citigroup boosted their target price 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. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft upped their target price on Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. Finally, JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $475.00 to $518.00 in a research report on Monday, April 15th. One analyst has rated the stock with a sell rating, six have issued 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 presently has a consensus rating of “Hold” and an average target price of $485.40.

Lockheed Martin Price Performance

The firm has a market cap of $111.82 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 4.39 and a beta of 0.46. The stock has a 50 day simple moving average of $465.21 and a two-hundred day simple moving average of $450.86. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, topping analysts’ consensus estimates of $5.80 by $0.53. The business had revenue of $17.20 billion for the quarter, compared to analyst estimates of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The business’s revenue was up 13.7% on a year-over-year basis. During the same period last year, the company posted $6.43 EPS. Sell-side analysts expect that Lockheed Martin Co. will post 26.17 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be issued a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Tuesday, September 3rd. Lockheed Martin’s dividend payout ratio is presently 46.10%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of LMT. Warther Private Wealth LLC increased its holdings in Lockheed Martin by 86.1% in the 4th quarter. Warther Private Wealth LLC now owns 16,369 shares of the aerospace company’s stock valued at $7,419,000 after purchasing an additional 7,575 shares during the last quarter. Morningstar Investment Services LLC lifted its stake in Lockheed Martin by 99.6% during the 4th quarter. Morningstar Investment Services LLC now owns 147,811 shares of the aerospace company’s stock worth $66,697,000 after acquiring an additional 73,774 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in Lockheed Martin by 0.4% during the 4th quarter. AdvisorNet Financial Inc now owns 7,741 shares of the aerospace company’s stock valued at $3,509,000 after acquiring an additional 29 shares during the period. Cercano Management LLC acquired a new position in Lockheed Martin in the 4th quarter valued at about $29,454,000. Finally, Brevan Howard Capital Management LP increased its stake in Lockheed Martin by 414.2% during the fourth quarter. Brevan Howard Capital Management LP now owns 7,121 shares of the aerospace company’s stock worth $3,228,000 after purchasing an additional 5,736 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

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.