Lockheed Martin (NYSE:LMT) Trading 2.3% Higher – What’s Next?

Shares of Lockheed Martin Corporation (NYSE:LMT) traded up 2.3% on Friday . The stock traded as high as $656.34 and last traded at $652.4080. 1,462,670 shares were traded during trading, a decline of 29% from the average session volume of 2,063,212 shares. The stock had previously closed at $637.43.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LMT shares. Royal Bank Of Canada boosted their target price on shares of Lockheed Martin from $615.00 to $650.00 and gave the company a “sector perform” rating in a research report on Friday, January 30th. Citigroup lifted their price objective on shares of Lockheed Martin from $592.00 to $673.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. DZ Bank lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and set a $665.00 target price on the stock. in a research report on Tuesday, February 3rd. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $654.00 target price on shares of Lockheed Martin in a report on Friday, February 6th. Finally, Jefferies Financial Group boosted their price target on Lockheed Martin from $540.00 to $630.00 and gave the company a “hold” rating in a research note on Sunday, February 1st. Six analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $612.50.

Lockheed Martin Price Performance

The company’s 50-day moving average is $541.42 and its 200-day moving average is $492.08. The firm has a market cap of $150.11 billion, a price-to-earnings ratio of 30.36, a price-to-earnings-growth ratio of 1.14 and a beta of 0.23. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing the consensus estimate of $6.33 by ($0.53). Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The firm had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same quarter in the prior year, the firm earned $7.67 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities research analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 2nd will be given a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Monday, March 2nd. Lockheed Martin’s dividend payout ratio is currently 64.22%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cerro Pacific Wealth Advisors LLC grew its holdings in shares of Lockheed Martin by 1.2% during the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company’s stock valued at $665,000 after purchasing an additional 16 shares during the last quarter. Garner Asset Management Corp boosted its position in Lockheed Martin by 0.9% in the fourth quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company’s stock valued at $839,000 after buying an additional 16 shares in the last quarter. Davis R M Inc. grew its stake in shares of Lockheed Martin by 1.3% during the fourth quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company’s stock worth $612,000 after buying an additional 16 shares during the last quarter. Broadway Wealth Solutions Inc. increased its holdings in shares of Lockheed Martin by 3.6% during the fourth quarter. Broadway Wealth Solutions Inc. now owns 484 shares of the aerospace company’s stock worth $234,000 after buying an additional 17 shares in the last quarter. Finally, Aspire Growth Partners LLC increased its holdings in shares of Lockheed Martin by 0.7% during the fourth quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company’s stock worth $1,217,000 after buying an additional 17 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Company Profile

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.