Lockheed Martin (NYSE:LMT) Trading Up 0.1% – What’s Next?

Lockheed Martin Co. (NYSE:LMT)’s stock price rose 0.1% during mid-day trading on Thursday . The company traded as high as $557.00 and last traded at $552.34. 181,190 shares were traded during trading, a decline of 83% from the average session volume of 1,051,488 shares. The stock had previously closed at $551.82.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on LMT shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Lockheed Martin from $600.00 to $620.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. UBS Group boosted their price objective on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Melius raised Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 target price on the stock in a research note on Tuesday, September 3rd. StockNews.com lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 23rd. Finally, TD Cowen increased their price objective on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Lockheed Martin presently has an average rating of “Moderate Buy” and an average price target of $611.00.

Lockheed Martin Trading Up 0.1 %

The stock’s fifty day moving average price is $578.42 and its 200 day moving average price is $520.28. The stock has a market cap of $130.98 billion, a P/E ratio of 20.00, a PEG ratio of 4.44 and a beta of 0.49. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $0.34. The firm had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the business earned $6.77 earnings per share. Equities research analysts expect that Lockheed Martin Co. will post 26.89 earnings per share for the current year.

Lockheed Martin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be paid a $3.30 dividend. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, December 2nd. Lockheed Martin’s dividend payout ratio is currently 45.62%.

Institutional Investors Weigh In On Lockheed Martin

Large investors have recently added to or reduced their stakes in the stock. Stokes Family Office LLC purchased a new position in shares of Lockheed Martin during the 1st quarter valued at about $425,000. Norden Group LLC boosted its holdings in Lockheed Martin by 96.0% in the 1st quarter. Norden Group LLC now owns 1,186 shares of the aerospace company’s stock worth $540,000 after buying an additional 581 shares during the period. Larson Financial Group LLC raised its holdings in Lockheed Martin by 233.6% during the first quarter. Larson Financial Group LLC now owns 387 shares of the aerospace company’s stock valued at $176,000 after acquiring an additional 271 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Lockheed Martin by 1.8% in the first quarter. Geneos Wealth Management Inc. now owns 1,904 shares of the aerospace company’s stock valued at $866,000 after acquiring an additional 33 shares in the last quarter. Finally, Advisory Alpha LLC boosted its stake in shares of Lockheed Martin by 13.0% in the first quarter. Advisory Alpha LLC now owns 2,176 shares of the aerospace company’s stock worth $990,000 after acquiring an additional 250 shares during the period. Institutional investors own 74.19% of the company’s stock.

About Lockheed Martin

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.