Melius Downgrades Lockheed Martin (NYSE:LMT) to Hold

Melius cut shares of Lockheed Martin (NYSE:LMT - Free Report) from a buy rating to a hold rating in a report published on Monday, Marketbeat reports.

LMT has been the topic of several other research reports. Truist Financial began coverage on Lockheed Martin in a report on Tuesday, January 14th. They set a "buy" rating and a $579.00 price target on the stock. Morgan Stanley decreased 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. Susquehanna cut their price target on shares of Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a report on Wednesday, January 29th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of Lockheed Martin in a research report on Monday, March 10th. Finally, StockNews.com lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Lockheed Martin has a consensus rating of "Hold" and an average price target of $539.53.

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Lockheed Martin Price Performance

Shares of NYSE LMT traded down $2.91 during mid-day trading on Monday, reaching $442.27. The company's stock had a trading volume of 1,559,015 shares, compared to its average volume of 1,144,743. The stock has a 50-day moving average of $457.47 and a two-hundred day moving average of $511.67. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The stock has a market capitalization of $104.10 billion, a P/E ratio of 19.87, a P/E/G ratio of 2.07 and a beta of 0.43. Lockheed Martin has a 1-year low of $419.70 and a 1-year high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating 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 anticipate that Lockheed Martin will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin's dividend payout ratio (DPR) is 59.30%.

Insider Buying and Selling at Lockheed Martin

In related news, VP Harry Edward Paul III sold 707 shares of the firm'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 value of $312,925.27. Following the sale, the vice president now owns 2,278 shares of the company's stock, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 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 trade represents a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,133 shares of company stock valued at $3,155,916 in the last three months. 0.17% of the stock is owned by corporate insiders.

Institutional Trading of Lockheed Martin

Several hedge funds have recently modified their holdings of the business. Itau Unibanco Holding S.A. purchased a new stake in Lockheed Martin in the 3rd quarter valued at approximately $26,000. Millstone Evans Group LLC purchased a new position in shares of Lockheed Martin in the fourth quarter valued at $32,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Lockheed Martin during the fourth quarter worth approximately $34,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin during the 4th quarter worth approximately $35,000. Finally, Redwood Park Advisors LLC acquired a new position in Lockheed Martin in the fourth quarter valued at approximately $40,000. 74.19% of the stock is owned by institutional investors and hedge funds.

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.