Lockheed Martin (NYSE:LMT) Trading Up 1% – Time to Buy?

Lockheed Martin Co. (NYSE:LMT)’s stock price rose 1% on Thursday . The company traded as high as $469.22 and last traded at $468.61. Approximately 997,247 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 1,137,235 shares. The stock had previously closed at $463.96.

Wall Street Analysts Forecast Growth

LMT has been the subject of a number of research analyst reports. Susquehanna reduced their price target on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a research note on Wednesday. Robert W. Baird upped their price target on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Wells Fargo & Company reduced their price target on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a research note on Wednesday. Royal Bank of Canada reduced their price target on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Finally, StockNews.com lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $591.21.

Lockheed Martin Price Performance

The stock’s fifty day moving average price is $511.39 and its 200-day moving average price is $534.41. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The firm has a market cap of $110.89 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same quarter in the previous year, the business earned $6.77 earnings per share. The firm’s revenue was up 1.3% compared to the same quarter last year. Equities research analysts predict that Lockheed Martin Co. will post 26.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. CVA Family Office LLC increased its stake in Lockheed Martin by 1.1% in the 3rd quarter. CVA Family Office LLC now owns 1,548 shares of the aerospace company’s stock valued at $905,000 after buying an additional 17 shares during the period. AllGen Financial Advisors Inc. increased its stake in Lockheed Martin by 4.0% in the 3rd quarter. AllGen Financial Advisors Inc. now owns 468 shares of the aerospace company’s stock valued at $274,000 after buying an additional 18 shares during the period. Salomon & Ludwin LLC increased its stake in Lockheed Martin by 20.5% in the 3rd quarter. Salomon & Ludwin LLC now owns 106 shares of the aerospace company’s stock valued at $62,000 after buying an additional 18 shares during the period. Sunburst Financial Group LLC increased its stake in Lockheed Martin by 3.3% in the 3rd quarter. Sunburst Financial Group LLC now owns 566 shares of the aerospace company’s stock valued at $331,000 after buying an additional 18 shares during the period. Finally, Quad Cities Investment Group LLC grew its position in Lockheed Martin by 1.2% in the third quarter. Quad Cities Investment Group LLC now owns 1,572 shares of the aerospace company’s stock worth $919,000 after acquiring an additional 19 shares in the last quarter. Institutional investors and hedge funds 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.