Lockheed Martin (NYSE:LMT) Shares Up 0% – Here’s Why

Lockheed Martin Co. (NYSE:LMT) shares were up 0% on Thursday . The company traded as high as $448.14 and last traded at $445.34. Approximately 404,404 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 1,140,803 shares. The stock had previously closed at $445.17.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on LMT shares. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and cut their target price for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. Melius cut Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Barclays decreased their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. UBS Group reduced their price objective on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Finally, StockNews.com upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $539.53.

Lockheed Martin Price Performance

The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The firm has a market capitalization of $103.90 billion, a PE ratio of 19.83, a P/E/G ratio of 2.07 and a beta of 0.43. The company has a 50-day moving average price of $456.49 and a 200-day moving average price of $510.73.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Sell-side analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were issued a $3.30 dividend. The ex-dividend date was Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.99%. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Insider Transactions at Lockheed Martin

In related news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total value of $1,421,495.46. Following the sale, the insider now directly owns 2,000 shares of the company’s stock, valued at approximately $884,840. This trade represents a 61.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Harry Edward Paul III sold 707 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total transaction of $312,925.27. Following the transaction, the vice president now directly owns 2,278 shares of the company’s stock, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,133 shares of company stock worth $3,155,916 over the last quarter. 0.17% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lockheed Martin

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. M1 Capital Management LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter worth about $235,000. DSG Capital Advisors LLC acquired a new position in Lockheed Martin during the fourth quarter valued at approximately $235,000. Chancellor Financial Group WB LP purchased a new stake in Lockheed Martin during the fourth quarter worth approximately $209,000. 111 Capital acquired a new stake in shares of Lockheed Martin in the fourth quarter worth $1,155,000. Finally, Thoma Capital Management LLC purchased a new position in shares of Lockheed Martin in the 4th quarter valued at $524,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

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.