Lockheed Martin (NYSE:LMT) Trading Up 1.3% - What's Next?

Lockheed Martin Co. (NYSE:LMT - Get Free Report)'s stock price traded up 1.3% during mid-day trading on Friday . The stock traded as high as $473.90 and last traded at $473.11. 367,997 shares changed hands during trading, a decline of 70% from the average session volume of 1,245,726 shares. The stock had previously closed at $466.81.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Truist Financial assumed coverage on Lockheed Martin in a research report on Tuesday, January 14th. They issued a "buy" rating and a $579.00 target price for the company. Royal Bank of Canada cut Lockheed Martin from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from $550.00 to $480.00 in a research note on Thursday, March 27th. StockNews.com raised shares of Lockheed Martin from a "hold" rating to a "buy" rating in a research report on Wednesday. UBS Group increased their target price on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a research report on Wednesday. Finally, Melius downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Lockheed Martin has an average rating of "Moderate Buy" and an average price target of $544.79.

Lockheed Martin Stock Up 2.4 %

The firm has a market capitalization of $112.08 billion, a P/E ratio of 21.47, a price-to-earnings-growth ratio of 2.07 and a beta of 0.39. The business has a 50 day moving average price of $455.79 and a 200 day moving average price of $490.90. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.34 by $0.94. The business had revenue of $17.96 billion for the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, 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 was paid on Friday, March 28th. Investors of record on Monday, March 3rd were paid a dividend of $3.30 per share. The ex-dividend date was Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.76%. Lockheed Martin's dividend payout ratio is 57.02%.

Insiders Place Their Bets

In other Lockheed Martin news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the sale, the insider now directly owns 2,000 shares of the company's stock, valued at approximately $884,840. This represents a 61.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction 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 completion of the transaction, the vice president now owns 2,278 shares of the company's stock, valued at approximately $1,008,265.58. The trade was a 23.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,133 shares of company stock worth $3,155,916. 0.14% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Millstone Evans Group LLC acquired a new stake in Lockheed Martin in the fourth quarter worth about $32,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Lockheed Martin during the fourth quarter worth $34,000. Heck Capital Advisors LLC bought a new stake in shares of Lockheed Martin in the fourth quarter valued at about $35,000. Redwood Park Advisors LLC acquired a new position in Lockheed Martin during the 4th quarter worth approximately $40,000. Finally, Runnymede Capital Advisors Inc. bought a new position in Lockheed Martin in the fourth quarter valued at $42,000. 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.