Lockheed Martin (NYSE:LMT) Stock Price Down 1.3%

Lockheed Martin Co. (NYSE:LMT) shares fell 1.3% during trading on Friday . The stock traded as low as $459.69 and last traded at $460.13. 140,535 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 1,076,226 shares. The stock had previously closed at $466.03.

Analysts Set New Price Targets

Several analysts recently commented on LMT shares. Citigroup raised their price target on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Wells Fargo & Company lifted their price target on shares of Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. The Goldman Sachs Group dropped 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. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $475.00 to $518.00 in a research report on Monday, April 15th. Finally, UBS Group boosted their target price on shares of Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Lockheed Martin has an average rating of “Hold” and an average price target of $485.40.

Lockheed Martin Price Performance

The stock has a fifty day moving average of $465.21 and a 200-day moving average of $450.86. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89. The firm has a market capitalization of $110.64 billion, a P/E ratio of 16.84, a PEG ratio of 4.39 and a beta of 0.46.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. The business had revenue of $17.20 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the business posted $6.43 earnings per share. Equities analysts predict that Lockheed Martin Co. will post 26.17 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $3.15 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 annualized dividend and a yield of 2.73%. Lockheed Martin’s dividend payout ratio is currently 46.10%.

Institutional Trading of Lockheed Martin

A number of institutional investors and hedge funds have recently modified their holdings of LMT. First Pacific Financial acquired a new position in shares of Lockheed Martin in the 1st quarter valued at approximately $25,000. Altshuler Shaham Ltd acquired a new position in shares of Lockheed Martin in the 4th quarter valued at approximately $26,000. Wiser Advisor Group LLC grew its position in shares of Lockheed Martin by 65.8% in the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 25 shares during the period. Activest Wealth Management grew its position in shares of Lockheed Martin by 1,200.0% in the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 60 shares during the period. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in Lockheed Martin during the 1st quarter worth approximately $30,000. 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.