Lockheed Martin (NYSE:LMT) Trading 0.6% Higher – Still a Buy?

Lockheed Martin Co. (NYSE:LMT)’s stock price rose 0.6% during trading on Thursday . The company traded as high as $461.88 and last traded at $455.43. Approximately 602,817 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 1,209,415 shares. The stock had previously closed at $452.87.

Analyst Upgrades and Downgrades

LMT has been the subject of several research reports. Susquehanna cut their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research report on Wednesday, January 29th. Truist Financial initiated coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 target price on the stock. JPMorgan Chase & Co. lowered their price target on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. UBS Group decreased their price objective on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Finally, Barclays decreased their price target on 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. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Lockheed Martin currently has an average rating of “Hold” and a consensus price target of $539.53.

Lockheed Martin Stock Down 4.9 %

The company’s fifty day simple moving average is $451.38 and its 200 day simple moving average is $506.46. 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 market capitalization of $101.50 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 2.07 and a beta of 0.39.

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

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were given a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date was Monday, March 3rd. Lockheed Martin’s dividend payout ratio is presently 59.30%.

Insider Activity at Lockheed Martin

In other news, VP Harry Edward Paul III sold 707 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the sale, the vice president now directly owns 2,278 shares of the company’s stock, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the completion of the transaction, the insider now directly owns 2,000 shares of the company’s stock, valued at approximately $884,840. This represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,133 shares of company stock valued at $3,155,916 in the last three months. Company insiders own 0.17% of the company’s stock.

Institutional Trading of Lockheed Martin

A number of institutional investors and hedge funds have recently bought and sold shares of LMT. Millstone Evans Group LLC bought a new stake in shares of Lockheed Martin during the fourth quarter valued at approximately $32,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Lockheed Martin in the 4th quarter worth $34,000. Heck Capital Advisors LLC purchased a new position in shares of Lockheed Martin in the fourth quarter worth $35,000. Legacy Investment Solutions LLC purchased a new position in shares of Lockheed Martin in the third quarter worth $42,000. Finally, Redwood Park Advisors LLC bought a new position in shares of Lockheed Martin during the fourth quarter valued at $40,000. 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.