Lockheed Martin (NYSE:LMT) Stock Price Down 1.7% – What’s Next?

Lockheed Martin Co. (NYSE:LMT)’s stock price fell 1.7% during trading on Wednesday . The company traded as low as $456.00 and last traded at $460.68. 389,471 shares changed hands during trading, a decline of 65% from the average session volume of 1,117,611 shares. The stock had previously closed at $468.88.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LMT. JPMorgan Chase & Co. cut their price target on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their target price for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. Morgan Stanley dropped their target price on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Barclays decreased their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating on shares of Lockheed Martin in a research note on Monday. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $554.20.

Lockheed Martin Trading Down 0.1 %

The firm has a market capitalization of $109.98 billion, a PE ratio of 20.98, a PEG ratio of 2.07 and a beta of 0.43. The firm’s fifty day moving average is $461.68 and its two-hundred day moving average is $519.43. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, equities analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s payout ratio is 59.30%.

Insider Buying and Selling at Lockheed Martin

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

Institutional Trading of Lockheed Martin

A number of hedge funds and other institutional investors have recently bought and sold shares of LMT. Centaurus Financial Inc. increased its holdings in shares of Lockheed Martin by 79.8% in the 4th quarter. Centaurus Financial Inc. now owns 2,435 shares of the aerospace company’s stock worth $1,183,000 after buying an additional 1,081 shares during the last quarter. Wealthedge Investment Advisors LLC bought a new position in shares of Lockheed Martin in the 4th quarter worth $265,000. Old North State Trust LLC increased its holdings in shares of Lockheed Martin by 17.9% in the 4th quarter. Old North State Trust LLC now owns 878 shares of the aerospace company’s stock worth $427,000 after buying an additional 133 shares during the last quarter. Capstone Triton Financial Group LLC increased its holdings in shares of Lockheed Martin by 2.6% in the 4th quarter. Capstone Triton Financial Group LLC now owns 1,672 shares of the aerospace company’s stock worth $812,000 after buying an additional 43 shares during the last quarter. Finally, Wood Tarver Financial Group LLC bought a new position in shares of Lockheed Martin in the 4th quarter worth $77,000. 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.