Lockheed Martin (NYSE:LMT) Trading Down 0.2% – What’s Next?

Lockheed Martin Co. (NYSE:LMT)’s share price fell 0.2% during mid-day trading on Friday . The stock traded as low as $534.07 and last traded at $537.67. 427,817 shares were traded during mid-day trading, a decline of 60% from the average session volume of 1,057,428 shares. The stock had previously closed at $538.99.

Analyst Ratings Changes

Several research analysts have issued reports on LMT shares. Susquehanna dropped their target price on Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price target on shares of Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Citigroup raised their price objective on Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Royal Bank of Canada cut their price target on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Lockheed Martin from $600.00 to $620.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $611.00.

Lockheed Martin Trading Down 0.7 %

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 stock has a market cap of $126.83 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 4.56 and a beta of 0.49. The company has a 50 day moving average of $577.16 and a two-hundred day moving average of $523.91.

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

Lockheed Martin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be paid a $3.30 dividend. The ex-dividend date of this dividend is Monday, December 2nd. 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 dividend yield of 2.47%. Lockheed Martin’s dividend payout ratio (DPR) is 45.62%.

Institutional Trading of Lockheed Martin

Several hedge funds have recently made changes to their positions in LMT. Itau Unibanco Holding S.A. acquired a new position in shares of Lockheed Martin in the third quarter valued at approximately $26,000. Burkett Financial Services LLC acquired a new stake in shares of Lockheed Martin in the third quarter valued at approximately $32,000. Mattson Financial Services LLC purchased a new position in Lockheed Martin during the 2nd quarter worth $27,000. Sachetta LLC increased its position in Lockheed Martin by 50.0% in the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 20 shares during the period. Finally, Wiser Advisor Group LLC increased its holdings in shares of Lockheed Martin by 65.8% in the first 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. 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.