Lockheed Martin (NYSE:LMT) Trading 0.1% Higher - Here's Why

Lockheed Martin Co. (NYSE:LMT - Get Free Report)'s share price rose 0.1% during trading on Monday . The company traded as high as $507.11 and last traded at $497.39. Approximately 426,533 shares traded hands during trading, a decline of 61% from the average daily volume of 1,103,688 shares. The stock had previously closed at $496.96.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Royal Bank of Canada decreased their price target on Lockheed Martin from $570.00 to $550.00 and set an "outperform" rating on the stock in a research report on Wednesday. Morgan Stanley decreased their price target on shares of Lockheed Martin from $555.00 to $525.00 and set an "equal weight" rating on the stock in a report on Wednesday. Susquehanna reduced their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a "positive" rating on the stock in a report on Wednesday. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and reduced their target price for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. Finally, Wells Fargo & Company reduced their target price on shares of Lockheed Martin from $543.00 to $500.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Lockheed Martin has a consensus rating of "Moderate Buy" and an average target price of $556.13.

Lockheed Martin Stock Performance

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 company's fifty day simple moving average is $497.18 and its two-hundred day simple moving average is $537.55. The stock has a market cap of $107.66 billion, a price-to-earnings 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 posted its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. On average, analysts forecast that Lockheed Martin Co. will post 26.89 earnings per share for the current year.

Lockheed Martin Dividend Announcement

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

Hedge Funds Weigh In On Lockheed Martin

Several institutional investors have recently added to or reduced their stakes in LMT. Itau Unibanco Holding S.A. bought a new position in Lockheed Martin during the third quarter worth about $26,000. Burkett Financial Services LLC bought a new position in Lockheed Martin during the third quarter worth about $32,000. Mattson Financial Services LLC bought a new position in Lockheed Martin during the second quarter worth about $27,000. Capital Performance Advisors LLP bought a new position in Lockheed Martin during the third quarter worth about $40,000. Finally, Heck Capital Advisors LLC bought a new position in Lockheed Martin during the fourth quarter worth about $35,000. Institutional investors own 74.19% of the company's stock.

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.

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