Lockheed Martin (NYSE:LMT) Stock Price Up 2.7% – What’s Next?

Lockheed Martin Corporation (NYSE:LMT)’s share price traded up 2.7% during trading on Friday . The company traded as high as $497.16 and last traded at $496.7670. 1,125,783 shares were traded during trading, a decline of 7% from the average session volume of 1,213,870 shares. The stock had previously closed at $483.67.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. BNP Paribas Exane assumed coverage on Lockheed Martin in a research note on Tuesday, November 18th. They set an “outperform” rating and a $550.00 price objective on the stock. Morgan Stanley reissued an “equal weight” rating and set a $543.00 target price (down previously from $630.00) on shares of Lockheed Martin in a research note on Tuesday, December 16th. Royal Bank Of Canada lifted their target price on Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 7th. The Goldman Sachs Group lifted their price target on shares of Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a research report on Friday, October 10th. Finally, Sanford C. Bernstein increased their target price on Lockheed Martin from $497.00 to $545.00 and gave the stock a “market perform” rating in a research note on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $506.67.

Lockheed Martin Stock Performance

The company has a market capitalization of $114.95 billion, a PE ratio of 27.74, a PEG ratio of 1.46 and a beta of 0.24. The stock’s fifty day simple moving average is $470.57 and its 200-day simple moving average is $466.18. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, topping analysts’ consensus estimates of $6.33 by $0.62. The business had revenue of $18.61 billion during the quarter, compared to analysts’ expectations of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The company’s revenue was up 8.8% on a year-over-year basis. During the same period last year, the company posted $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, research analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 1st were issued a $3.45 dividend. The ex-dividend date was Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a yield of 2.8%. Lockheed Martin’s payout ratio is 77.05%.

Insider Activity at Lockheed Martin

In related news, COO John Frank A. St sold 7,792 shares of the business’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total value of $3,826,183.68. Following the transaction, the chief operating officer owned 1 shares in the company, valued at approximately $491.04. The trade was a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.14% of the company’s stock.

Institutional Trading of Lockheed Martin

Several large investors have recently added to or reduced their stakes in LMT. Lindenwold Advisors INC raised its position in shares of Lockheed Martin by 1.1% during the third quarter. Lindenwold Advisors INC now owns 3,378 shares of the aerospace company’s stock worth $1,686,000 after purchasing an additional 38 shares during the period. Stillwater Wealth Management Group acquired a new position in Lockheed Martin during the third quarter valued at approximately $2,506,000. Investment Research Partners LLC acquired a new position in shares of Lockheed Martin during the 3rd quarter worth about $355,000. Vermillion & White Wealth Management Group LLC grew its position in Lockheed Martin by 430.8% in the 3rd quarter. Vermillion & White Wealth Management Group LLC now owns 138 shares of the aerospace company’s stock worth $69,000 after purchasing an additional 112 shares during the last quarter. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $40,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

About Lockheed Martin

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.