Lockheed Martin (NYSE:LMT) Trading 0.6% Higher – What’s Next?

Lockheed Martin Co. (NYSE:LMT) shares were up 0.6% during mid-day trading on Tuesday . The company traded as high as $449.96 and last traded at $450.96. Approximately 227,037 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 1,374,001 shares. The stock had previously closed at $448.22.

Analyst Ratings Changes

Several analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price objective 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. Robert W. Baird upped their price target on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Barclays reduced their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Royal Bank of Canada dropped their price target on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. Finally, StockNews.com cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Lockheed Martin has an average rating of “Moderate Buy” and a consensus price target of $555.60.

Lockheed Martin Stock Up 0.2 %

The firm has a market cap of $105.73 billion, a P/E ratio of 20.17, a PEG ratio of 2.12 and a beta of 0.48. The firm’s 50-day moving average price is $483.39 and its 200 day moving average price is $535.46. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, equities research analysts expect that Lockheed Martin Co. will post 27.14 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Institutional Investors Weigh In On Lockheed Martin

Hedge funds have recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. acquired a new position in Lockheed Martin during the 3rd quarter valued at about $26,000. Millstone Evans Group LLC bought a new position in Lockheed Martin in the 4th quarter valued at about $32,000. Capital Performance Advisors LLP bought a new stake in shares of Lockheed Martin during the 3rd quarter worth about $40,000. Heck Capital Advisors LLC bought a new position in shares of Lockheed Martin in the fourth quarter valued at approximately $35,000. Finally, Legacy Investment Solutions LLC bought a new position in Lockheed Martin during the 3rd quarter valued at $42,000. 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.