Lockheed Martin (NYSE:LMT) Stock Price Up 0.3% – Should You Buy?

Shares of Lockheed Martin Co. (NYSE:LMT) traded up 0.3% on Tuesday . The company traded as high as $486.53 and last traded at $484.70. 112,861 shares were traded during mid-day trading, a decline of 90% from the average session volume of 1,089,616 shares. The stock had previously closed at $483.37.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Robert W. Baird increased their price target on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. JPMorgan Chase & Co. increased their target price on shares of Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Wells Fargo & Company decreased their price target on shares of Lockheed Martin from $602.00 to $543.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 11th. Royal Bank of Canada cut their price objective on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Finally, Susquehanna reduced their target price on Lockheed Martin from $705.00 to $695.00 and set a “positive” rating for the company in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Lockheed Martin has a consensus rating of “Moderate Buy” and an average target price of $612.29.

Lockheed Martin Price Performance

The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The business has a 50-day moving average of $526.23 and a 200 day moving average of $534.69. The firm has a market capitalization of $114.57 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 4.05 and a beta of 0.46.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share 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 company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same period last year, the firm earned $6.77 earnings per share. The firm’s revenue was up 1.3% on a year-over-year basis. As a group, research analysts anticipate that Lockheed Martin Co. will post 26.88 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 2nd were issued a $3.30 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 annualized dividend and a dividend yield of 2.73%. Lockheed Martin’s dividend payout ratio is currently 47.79%.

Institutional Trading of Lockheed Martin

Hedge funds have recently bought and sold shares of the business. Itau Unibanco Holding S.A. purchased a new position in Lockheed Martin in the third quarter valued at about $26,000. Mattson Financial Services LLC purchased a new position in Lockheed Martin in the second quarter valued at approximately $27,000. Sachetta LLC grew its holdings in Lockheed Martin by 50.0% during the second quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 20 shares during the period. Burkett Financial Services LLC purchased a new stake in Lockheed Martin in the third quarter worth $32,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Lockheed Martin in the third quarter valued at $40,000. 74.19% of the stock is currently owned by institutional investors.

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.