Lockheed Martin (NYSE:LMT) Shares Up 0.7% – What’s Next?

Lockheed Martin Co. (NYSE:LMT)’s stock price rose 0.7% during trading on Tuesday . The stock traded as high as $539.32 and last traded at $534.45. Approximately 306,015 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 1,061,086 shares. The stock had previously closed at $530.96.

Wall Street Analyst Weigh In

LMT has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Lockheed Martin from $600.00 to $620.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Bank of America restated a “buy” rating and set a $635.00 price objective on shares of Lockheed Martin in a research report on Friday, August 30th. Melius Research upgraded Lockheed Martin to a “strong-buy” rating in a research report on Tuesday, September 3rd. Barclays lifted their price target on Lockheed Martin from $505.00 to $565.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Finally, JPMorgan Chase & Co. upped their price target on shares of Lockheed Martin from $560.00 to $630.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. 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 given a strong buy rating to the stock. According to MarketBeat, Lockheed Martin currently has a consensus rating of “Moderate Buy” and a consensus price target of $611.00.

Lockheed Martin Stock Up 0.4 %

The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. The firm’s 50 day moving average price is $575.61 and its two-hundred day moving average price is $525.71. The company has a market cap of $126.34 billion, a P/E ratio of 19.35, a price-to-earnings-growth ratio of 4.37 and a beta of 0.49.

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

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be paid a dividend of $3.30 per share. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Monday, December 2nd. Lockheed Martin’s dividend payout ratio is 45.62%.

Institutional Investors Weigh In On Lockheed Martin

Hedge funds have recently added to or reduced their stakes in the company. Old West Investment Management LLC lifted its holdings in shares of Lockheed Martin by 6.6% in the 3rd quarter. Old West Investment Management LLC now owns 26,633 shares of the aerospace company’s stock worth $15,569,000 after purchasing an additional 1,643 shares in the last quarter. Second Line Capital LLC acquired a new position in Lockheed Martin during the third quarter worth $202,000. Hohimer Wealth Management LLC lifted its stake in shares of Lockheed Martin by 12.9% in the third quarter. Hohimer Wealth Management LLC now owns 8,094 shares of the aerospace company’s stock valued at $4,731,000 after buying an additional 925 shares in the last quarter. TD Private Client Wealth LLC lifted its stake in shares of Lockheed Martin by 0.5% in the third quarter. TD Private Client Wealth LLC now owns 11,223 shares of the aerospace company’s stock valued at $6,561,000 after buying an additional 52 shares in the last quarter. Finally, Virtue Capital Management LLC grew its holdings in shares of Lockheed Martin by 112.8% during the third quarter. Virtue Capital Management LLC now owns 2,249 shares of the aerospace company’s stock valued at $1,315,000 after buying an additional 1,192 shares during the last quarter. Institutional investors and hedge funds 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.