Lockheed Martin (NYSE:LMT) Shares Down 0.6%

Lockheed Martin Co. (NYSE:LMT) shares were down 0.6% during trading on Monday . The stock traded as low as $519.34 and last traded at $521.82. Approximately 182,951 shares were traded during trading, a decline of 83% from the average daily volume of 1,079,357 shares. The stock had previously closed at $524.80.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LMT. Wells Fargo & Company boosted their target price on Lockheed Martin from $483.00 to $525.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. The Goldman Sachs Group dropped their target price on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research report on Tuesday, April 23rd. Royal Bank of Canada raised their price target on shares of Lockheed Martin from $470.00 to $500.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 24th. Citigroup boosted their price objective on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, TD Cowen raised Lockheed Martin from a “hold” rating to a “buy” rating and lifted their price target for the stock from $480.00 to $560.00 in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Lockheed Martin has a consensus rating of “Moderate Buy” and an average target price of $518.91.

Lockheed Martin Stock Up 0.8 %

The business has a 50 day moving average price of $469.59 and a 200 day moving average price of $453.88. The company has a quick ratio of 1.07, a current ratio of 1.24 and a debt-to-equity ratio of 3.10. The stock has a market cap of $126.04 billion, a PE ratio of 19.09, a P/E/G ratio of 4.71 and a beta of 0.46.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $7.11 EPS for the quarter, topping the consensus estimate of $6.45 by $0.66. The business had revenue of $18.12 billion for the quarter, compared to analyst estimates of $17.05 billion. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.73 EPS. Equities research analysts expect that Lockheed Martin Co. will post 26.26 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be issued a $3.15 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $12.60 dividend on an annualized basis and a yield of 2.38%. Lockheed Martin’s payout ratio is 46.10%.

Insiders Place Their Bets

In other news, insider Timothy S. Cahill sold 3,975 shares of the stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the transaction, the insider now owns 8,877 shares in the company, valued at approximately $4,574,850.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LMT. First Pacific Financial acquired a new stake in Lockheed Martin during the 1st quarter worth $25,000. Altshuler Shaham Ltd acquired a new position in Lockheed Martin during the fourth quarter worth about $26,000. Wiser Advisor Group LLC boosted its position in Lockheed Martin by 65.8% during the first quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 25 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in Lockheed Martin in the 1st quarter valued at about $30,000. Finally, Ridgewood Investments LLC purchased a new position in Lockheed Martin in the 2nd quarter worth approximately $35,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

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.