Lockheed Martin (NYSE:LMT) Trading Down 0.9% on Analyst Downgrade

Lockheed Martin Co. (NYSE:LMT - Get Free Report)'s stock price fell 0.9% during mid-day trading on Wednesday after Royal Bank of Canada lowered their price target on the stock from $570.00 to $550.00. Royal Bank of Canada currently has an outperform rating on the stock. Lockheed Martin traded as low as $453.37 and last traded at $453.52. 583,477 shares were traded during trading, a decline of 56% from the average session volume of 1,319,499 shares. The stock had previously closed at $457.45.

Other analysts have also recently issued research reports about the company. Wells Fargo & Company lowered their price target on Lockheed Martin from $543.00 to $500.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 8th. TD Cowen upped their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Susquehanna decreased their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a "positive" rating on the stock in a research note on Wednesday. Morgan Stanley lowered their price target on Lockheed Martin from $555.00 to $525.00 and set an "equal weight" rating for the company in a research report on Wednesday. Finally, UBS Group dropped their target price on shares of Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Lockheed Martin presently has an average rating of "Moderate Buy" and a consensus target price of $556.13.

Institutional Trading of Lockheed Martin

Several institutional investors have recently bought and sold shares of LMT. Itau Unibanco Holding S.A. bought a new position in shares of Lockheed Martin during the 3rd quarter valued at $26,000. Burkett Financial Services LLC bought a new position in shares of Lockheed Martin in the third quarter worth about $32,000. Mattson Financial Services LLC purchased a new position in shares of Lockheed Martin in the second quarter worth $27,000. Capital Performance Advisors LLP purchased a new stake in Lockheed Martin in the 3rd quarter worth $40,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of Lockheed Martin during the fourth quarter valued at about $35,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Down 0.7 %

The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The business has a 50-day moving average of $497.18 and a 200 day moving average of $537.55. The company has a market capitalization of $107.66 billion, a PE ratio of 16.44, a P/E/G ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping analysts' consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. Equities research analysts predict that Lockheed Martin Co. will post 26.89 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Monday, March 3rd. Lockheed Martin's dividend payout ratio is currently 59.30%.

Lockheed Martin Company Profile

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.