Lockheed Martin (NYSE:LMT) Trading Up 0.1% – Here’s What Happened

Shares of Lockheed Martin Co. (NYSE:LMT) traded up 0.1% during mid-day trading on Friday . The company traded as high as $451.50 and last traded at $448.91. 266,785 shares were traded during mid-day trading, a decline of 81% from the average session volume of 1,374,895 shares. The stock had previously closed at $448.52.

Analyst Ratings Changes

LMT has been the topic of several recent research reports. Truist Financial started coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target on the stock. TD Cowen raised their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. StockNews.com cut Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Royal Bank of Canada decreased their price target on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price target for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $555.60.

Lockheed Martin Stock Performance

The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The stock has a market cap of $104.52 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 2.96 and a beta of 0.48. The stock’s 50 day moving average is $486.55 and its two-hundred day moving average is $535.81.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Analysts anticipate that Lockheed Martin Co. will post 27.29 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be paid a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is 59.30%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new position in shares of Lockheed Martin during the 3rd quarter valued at about $26,000. Capital Performance Advisors LLP purchased a new position in Lockheed Martin during the third quarter worth approximately $40,000. Heck Capital Advisors LLC acquired a new position in shares of Lockheed Martin in the 4th quarter valued at $35,000. Legacy Investment Solutions LLC purchased a new position in shares of Lockheed Martin in the 3rd quarter worth $42,000. Finally, Vestor Capital LLC purchased a new stake in Lockheed Martin during the third quarter valued at about $46,000. Hedge funds and other institutional investors 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.