Lockheed Martin (NYSE:LMT) Shares Down 0%

Shares of Lockheed Martin Co. (NYSE:LMT) were down 0% during mid-day trading on Monday . The stock traded as low as $460.70 and last traded at $461.81. Approximately 142,561 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 1,141,539 shares. The stock had previously closed at $461.91.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on LMT shares. The Goldman Sachs Group reduced their target price on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research note on Tuesday, April 23rd. Wells Fargo & Company upped their target price on shares of Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $475.00 to $518.00 in a research note on Monday, April 15th. Finally, Royal Bank of Canada cut their price target on shares of Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $485.40.

Lockheed Martin Stock Performance

The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30. The stock’s fifty day moving average price is $447.42 and its 200-day moving average price is $445.41. The company has a market capitalization of $111.04 billion, a P/E ratio of 16.89, a PEG ratio of 4.23 and a beta of 0.46.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. The company had revenue of $17.20 billion for the quarter, compared to analysts’ expectations of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. Lockheed Martin’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.43 EPS. As a group, research analysts anticipate that Lockheed Martin Co. will post 26.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be issued a $3.15 dividend. The ex-dividend date is Monday, June 3rd. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.72%. Lockheed Martin’s payout ratio is 46.10%.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the transaction, the insider now directly owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the transaction, the insider now directly owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO John Frank A. St sold 6,648 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock valued at $7,249,946 in the last three months. 0.14% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in LMT. Lindbrook Capital LLC grew its position in shares of Lockheed Martin by 3.3% during the 3rd quarter. Lindbrook Capital LLC now owns 876 shares of the aerospace company’s stock worth $358,000 after purchasing an additional 28 shares in the last quarter. Verdence Capital Advisors LLC boosted its position in shares of Lockheed Martin by 22.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,718 shares of the aerospace company’s stock worth $1,112,000 after acquiring an additional 490 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of Lockheed Martin by 135.8% during the 3rd quarter. Mackenzie Financial Corp now owns 69,789 shares of the aerospace company’s stock worth $28,183,000 after acquiring an additional 40,191 shares in the last quarter. Grandfield & Dodd LLC acquired a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $220,000. Finally, Brighton Jones LLC boosted its position in shares of Lockheed Martin by 4.1% during the 3rd quarter. Brighton Jones LLC now owns 3,580 shares of the aerospace company’s stock worth $1,464,000 after acquiring an additional 140 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.