Lockheed Martin (NYSE:LMT) Trading 1% Higher – What’s Next?

Lockheed Martin Co. (NYSE:LMT)’s stock price was up 1% during trading on Friday . The stock traded as high as $440.16 and last traded at $440.66. Approximately 279,657 shares changed hands during trading, a decline of 82% from the average daily volume of 1,528,304 shares. The stock had previously closed at $436.29.

Wall Street Analysts Forecast Growth

LMT has been the topic of several analyst reports. Citigroup lowered their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Susquehanna dropped their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a report on Wednesday, January 29th. Wells Fargo & Company dropped their price target on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. Royal Bank of Canada decreased their price target on shares of 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, Morgan Stanley dropped their target price on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

Lockheed Martin Price Performance

The company’s 50-day moving average price is $471.01 and its 200-day moving average price is $529.69. The firm has a market cap of $103.76 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 2.05 and a beta of 0.48. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.99%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LMT. Itau Unibanco Holding S.A. purchased a new stake in Lockheed Martin in the 3rd quarter worth about $26,000. Millstone Evans Group LLC bought a new stake in Lockheed Martin during the 4th quarter valued at approximately $32,000. Capital Performance Advisors LLP bought a new stake in Lockheed Martin during the 3rd quarter valued at approximately $40,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $34,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Lockheed Martin during the 4th quarter worth approximately $35,000. 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.