Lockheed Martin Co. (NYSE:LMT - Get Free Report)'s stock price traded down 1.3% during trading on Monday . The stock traded as low as $482.37 and last traded at $482.88. 218,003 shares changed hands during trading, a decline of 80% from the average session volume of 1,096,666 shares. The stock had previously closed at $489.02.
Wall Street Analysts Forecast Growth
LMT has been the subject of several research reports. Melius Research raised Lockheed Martin to a "strong-buy" rating in a report on Tuesday, September 3rd. Royal Bank of Canada reduced their price objective on Lockheed Martin from $675.00 to $665.00 and set an "outperform" rating for the company in a research note on Wednesday, October 23rd. TD Cowen raised their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. UBS Group lifted their target price on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Lockheed Martin from $600.00 to $620.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $612.29.
Check Out Our Latest Report on Lockheed Martin
Lockheed Martin Trading Down 0.5 %
The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The business has a 50 day moving average price of $541.05 and a 200-day moving average price of $533.71. The firm has a market capitalization of $115.32 billion, a PE ratio of 17.61, a P/E/G ratio of 4.13 and a beta of 0.47.
Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping analysts' consensus estimates of $6.50 by $0.34. The firm had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. Lockheed Martin's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.77 earnings per share. Analysts expect that Lockheed Martin Co. will post 26.88 earnings per share for the current year.
Lockheed Martin Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be issued a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.71%. This is an increase from Lockheed Martin's previous quarterly dividend of $3.15. Lockheed Martin's payout ratio is currently 47.79%.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can increased its stake in Lockheed Martin by 2.1% in the 3rd quarter. Bank of Montreal Can now owns 656,807 shares of the aerospace company's stock valued at $382,498,000 after purchasing an additional 13,253 shares in the last quarter. Hilltop Holdings Inc. increased its position in shares of Lockheed Martin by 79.9% in the third quarter. Hilltop Holdings Inc. now owns 12,068 shares of the aerospace company's stock valued at $7,054,000 after buying an additional 5,361 shares in the last quarter. Old West Investment Management LLC raised its stake in shares of Lockheed Martin by 6.6% during the 3rd quarter. Old West Investment Management LLC now owns 26,633 shares of the aerospace company's stock worth $15,569,000 after buying an additional 1,643 shares during the last quarter. World Investment Advisors LLC boosted its position in shares of Lockheed Martin by 55.1% in the 3rd quarter. World Investment Advisors LLC now owns 6,468 shares of the aerospace company's stock worth $3,781,000 after buying an additional 2,297 shares in the last quarter. Finally, Empower Advisory Group LLC grew its stake in Lockheed Martin by 9.1% in the 3rd quarter. Empower Advisory Group LLC now owns 22,016 shares of the aerospace company's stock valued at $12,870,000 after acquiring an additional 1,843 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.
Lockheed Martin Company Profile
(
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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