Lockheed Martin Co. (NYSE:LMT - Get Free Report)'s stock price fell 0% during trading on Wednesday . The stock traded as low as $445.01 and last traded at $448.57. 139,456 shares changed hands during trading, a decline of 88% from the average session volume of 1,205,646 shares. The stock had previously closed at $448.64.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on LMT shares. UBS Group reduced their price target on Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. Morgan Stanley reduced 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 research report on Wednesday, January 29th. StockNews.com downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Tuesday. Wells Fargo & Company reiterated an "equal weight" rating on shares of Lockheed Martin in a report on Monday, March 10th. Finally, Barclays lowered their target price on 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. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $539.53.
Read Our Latest Report on Lockheed Martin
Lockheed Martin Price Performance
The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The company has a 50 day simple moving average of $452.66 and a 200-day simple moving average of $507.43. The stock has a market cap of $106.52 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 2.07 and a beta of 0.39.
Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, research analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.
Lockheed Martin Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were issued a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend was Monday, March 3rd. Lockheed Martin's dividend payout ratio (DPR) is presently 59.30%.
Insider Activity at Lockheed Martin
In related news, VP Harry Edward Paul III sold 707 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 2,278 shares in the company, valued at $1,008,265.58. The trade was a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the transaction, the insider now owns 2,000 shares of the company's stock, valued at approximately $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 sold a total of 7,133 shares of company stock valued at $3,155,916 in the last quarter. Insiders own 0.17% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of LMT. Itau Unibanco Holding S.A. acquired a new stake in Lockheed Martin in the 3rd quarter valued at approximately $26,000. Millstone Evans Group LLC bought a new position in Lockheed Martin in the 4th quarter valued at about $32,000. Mizuho Securities Co. Ltd. bought a new position in shares of Lockheed Martin in the fourth quarter valued at approximately $34,000. Heck Capital Advisors LLC bought a new stake in Lockheed Martin during the fourth quarter worth approximately $35,000. Finally, Redwood Park Advisors LLC acquired a new stake in Lockheed Martin in the fourth quarter worth approximately $40,000. Institutional investors own 74.19% of the company's stock.
About Lockheed Martin
(
Get Free Report)
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.
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