Lockheed Martin Co. (NYSE:LMT - Get Free Report) traded down 2.2% during trading on Tuesday . The stock traded as low as $466.54 and last traded at $468.70. 479,333 shares were traded during mid-day trading, a decline of 57% from the average session volume of 1,116,014 shares. The stock had previously closed at $479.17.
Wall Street Analyst Weigh In
A number of analysts have commented on the stock. Royal Bank of Canada cut their price target on shares of Lockheed Martin from $570.00 to $550.00 and set an "outperform" rating for the company in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a "buy" rating to a "hold" rating and decreased their price target for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Wells Fargo & Company reissued an "equal weight" rating on shares of Lockheed Martin in a research note on Monday. UBS Group cut their price objective on shares of Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. Finally, StockNews.com cut Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $554.20.
Get Our Latest Report on Lockheed Martin
Lockheed Martin Trading Up 1.4 %
The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The stock has a 50-day moving average of $461.97 and a two-hundred day moving average of $519.79. The company has a market cap of $110.14 billion, a P/E ratio of 21.02, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43.
Lockheed Martin (NYSE:LMT - Get Free Report) last posted its 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 net margin of 7.51% and a return on equity of 101.47%. On average, equities research analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current year.
Lockheed Martin Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Monday, March 3rd. Lockheed Martin's payout ratio is 59.30%.
Insider Transactions at Lockheed Martin
In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business's stock in a transaction 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $312,925.27. Following the completion of the sale, the vice president now owns 2,278 shares in the company, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,133 shares of company stock worth $3,155,916 in the last three months. Corporate insiders own 0.17% of the company's stock.
Institutional Trading of Lockheed Martin
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Itau Unibanco Holding S.A. purchased a new position in shares of Lockheed Martin during the third quarter valued at approximately $26,000. Millstone Evans Group LLC bought a new position in Lockheed Martin in the 4th quarter valued at $32,000. Mizuho Securities Co. Ltd. bought a new position in shares of Lockheed Martin in the fourth quarter worth about $34,000. Heck Capital Advisors LLC purchased a new position in Lockheed Martin in the 4th quarter worth about $35,000. Finally, Redwood Park Advisors LLC purchased a new stake in Lockheed Martin in the 4th quarter valued at about $40,000. Hedge funds and other 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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