Lockheed Martin (NYSE:LMT) Trading Up 1.2% - Should You Buy?

Lockheed Martin Co. (NYSE:LMT - Get Free Report) shot up 1.2% on Monday . The company traded as high as $454.43 and last traded at $452.64. 351,663 shares traded hands during trading, a decline of 77% from the average session volume of 1,542,329 shares. The stock had previously closed at $447.07.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LMT. JPMorgan Chase & Co. lowered their target price 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. Susquehanna decreased their price target 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 decreased their price target on shares of 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. Wells Fargo & Company decreased their price target on shares of Lockheed Martin from $497.00 to $468.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 26th. Finally, Citigroup decreased their price target on shares of 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 investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Lockheed Martin presently has an average rating of "Moderate Buy" and an average target price of $553.67.

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Lockheed Martin Trading Up 0.2 %

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 firm's 50-day moving average price is $463.18 and its 200 day moving average price is $522.42. The company has a market capitalization of $108.55 billion, a P/E ratio of 20.72, a P/E/G ratio of 2.07 and a beta of 0.43.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share 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, equities research analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin's dividend payout ratio (DPR) is presently 59.30%.

Insider Buying and Selling

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business'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 sale, the insider now owns 2,000 shares of the company's stock, valued at $884,840. The trade was a 61.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Harry Edward Paul III sold 707 shares of the business'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 transaction of $312,925.27. Following the completion of the sale, the vice president now directly owns 2,278 shares in the company, valued at approximately $1,008,265.58. This trade represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,133 shares of company stock worth $3,155,916. 0.17% of the stock is owned by insiders.

Institutional Trading of Lockheed Martin

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