Lockheed Martin (NYSE:LMT) Stock Price Up 1% – What’s Next?

Lockheed Martin Co. (NYSE:LMT) shares were up 1% during mid-day trading on Monday . The stock traded as high as $448.28 and last traded at $445.21. Approximately 442,635 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 1,535,298 shares. The stock had previously closed at $440.72.

Analyst Upgrades and Downgrades

LMT has been the topic of several analyst reports. StockNews.com lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. UBS Group cut their target price on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Barclays decreased their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Citigroup cut their price objective on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company decreased their target price on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $555.60.

Lockheed Martin Stock Performance

The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The firm has a 50-day simple moving average of $469.94 and a 200 day simple moving average of $528.75. The company has a market cap of $103.47 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, sell-side analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 3.00%. Lockheed Martin’s dividend payout ratio (DPR) is currently 59.30%.

Institutional Investors Weigh In On Lockheed Martin

Several large investors have recently modified their holdings of the stock. Itau Unibanco Holding S.A. purchased a new stake in shares of Lockheed Martin in the third quarter valued at about $26,000. Millstone Evans Group LLC acquired a new stake in Lockheed Martin in the fourth quarter valued at about $32,000. Mizuho Securities Co. Ltd. purchased a new stake in Lockheed Martin in the 4th quarter valued at approximately $34,000. Heck Capital Advisors LLC purchased a new stake in Lockheed Martin in the 4th quarter valued at approximately $35,000. Finally, Capital Performance Advisors LLP acquired a new position in Lockheed Martin during the 3rd quarter worth approximately $40,000. Hedge funds and other institutional investors 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.