Lockheed Martin (NYSE:LMT) Trading Up 1.4% – Time to Buy?

Lockheed Martin Co. (NYSE:LMT) was up 1.4% during trading on Tuesday . The stock traded as high as $463.74 and last traded at $458.20. Approximately 651,044 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 1,098,551 shares. The stock had previously closed at $451.94.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on LMT shares. JPMorgan Chase & Co. decreased their price target on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Truist Financial assumed coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 target price for the company. Susquehanna reduced their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research note on Wednesday, January 29th. Barclays lowered their target price on 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. Finally, Citigroup decreased their price target on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin currently has a consensus rating of “Moderate Buy” and an average price target of $553.67.

Lockheed Martin Price Performance

The firm has a market capitalization of $105.71 billion, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. The business has a fifty day moving average of $465.09 and a two-hundred day moving average of $524.06. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS 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%. As a group, research analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a dividend of $3.30 per share. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.94%. Lockheed Martin’s dividend payout ratio (DPR) is currently 59.30%.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the firm’s stock in a transaction 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 owns 2,278 shares in the company, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction 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 completion of the transaction, the insider now directly owns 2,000 shares of the company’s stock, valued at $884,840. This represents a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,133 shares of company stock worth $3,155,916 in the last ninety days. 0.17% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LMT. Optas LLC raised its position in Lockheed Martin by 6.0% during the third quarter. Optas LLC now owns 532 shares of the aerospace company’s stock valued at $311,000 after purchasing an additional 30 shares in the last quarter. Lodestone Wealth Management LLC acquired a new position in shares of Lockheed Martin during the 3rd quarter worth $209,000. BSW Wealth Partners acquired a new position in shares of Lockheed Martin during the 3rd quarter worth $490,000. Lansing Street Advisors bought a new stake in shares of Lockheed Martin during the 3rd quarter worth $213,000. Finally, Donaldson Capital Management LLC boosted its stake in Lockheed Martin by 1.3% in the third quarter. Donaldson Capital Management LLC now owns 125,271 shares of the aerospace company’s stock valued at $73,229,000 after buying an additional 1,598 shares in the last quarter. Institutional investors and hedge funds 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.