Lockheed Martin (NYSE:LMT) Stock Price Up 0.1%

Lockheed Martin Co. (NYSE:LMT)’s stock price was up 0.1% during mid-day trading on Thursday . The stock traded as high as $546.71 and last traded at $542.33. Approximately 144,384 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 1,082,081 shares. The stock had previously closed at $541.92.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Susquehanna boosted their price target on Lockheed Martin from $540.00 to $565.00 and gave the stock a “positive” rating in a research report on Wednesday, July 24th. Citigroup increased their price target on Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. UBS Group raised their target price on shares of Lockheed Martin from $511.00 to $538.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and increased their price target for the company from $540.00 to $600.00 in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. boosted their price objective on Lockheed Martin from $518.00 to $560.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $526.77.

Lockheed Martin Trading Up 1.3 %

The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 3.10. The stock has a market capitalization of $130.83 billion, a P/E ratio of 19.84, a P/E/G ratio of 4.57 and a beta of 0.46. The business has a 50-day moving average price of $473.63 and a two-hundred day moving average price of $455.54.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 EPS for the quarter, beating the consensus estimate of $6.45 by $0.66. The company had revenue of $18.12 billion during the quarter, compared to analysts’ expectations of $17.05 billion. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $6.73 EPS. On average, analysts expect that Lockheed Martin Co. will post 26.71 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $3.15 per share. This represents a $12.60 annualized dividend and a yield of 2.30%. The ex-dividend date is Tuesday, September 3rd. Lockheed Martin’s payout ratio is 46.10%.

Insider Activity

In related news, insider Timothy S. Cahill sold 3,975 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the completion of the transaction, the insider now directly owns 8,877 shares in the company, valued at approximately $4,574,850.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.17% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lockheed Martin

Several large investors have recently bought and sold shares of LMT. First Pacific Financial acquired a new position in Lockheed Martin in the 1st quarter valued at approximately $25,000. Altshuler Shaham Ltd acquired a new stake in Lockheed Martin in the fourth quarter valued at $26,000. Wiser Advisor Group LLC raised its position in Lockheed Martin by 65.8% during the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 25 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in Lockheed Martin during the 1st quarter worth about $30,000. Finally, Stephens Consulting LLC grew its position in shares of Lockheed Martin by 48.9% in the 2nd quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company’s stock valued at $31,000 after buying an additional 22 shares during the last quarter. 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.