Lockheed Martin (NYSE:LMT) Trading 1.8% Higher - Time to Buy?

Lockheed Martin Co. (NYSE:LMT - Get Free Report) shot up 1.8% during mid-day trading on Monday . The stock traded as high as $451.06 and last traded at $449.41. 404,884 shares were traded during mid-day trading, a decline of 66% from the average session volume of 1,203,617 shares. The stock had previously closed at $441.49.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on LMT shares. Morgan Stanley dropped their price objective on shares of Lockheed Martin from $555.00 to $525.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 29th. Melius downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a "buy" rating to a "hold" rating and reduced their price objective for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. Bank of America lowered Lockheed Martin from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $685.00 to $485.00 in a research note on Monday, March 24th. Finally, UBS Group reduced their target price on shares of Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating on the stock in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $539.53.

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Lockheed Martin Trading Up 0.3 %

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 firm has a market capitalization of $106.52 billion, a price-to-earnings ratio of 20.40, a P/E/G ratio of 2.07 and a beta of 0.39. The business has a fifty day moving average price of $453.52 and a 200 day moving average price of $507.80.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, equities analysts forecast 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 was paid on Friday, March 28th. Shareholders 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 2.91%. Lockheed Martin's dividend payout ratio is currently 59.30%.

Insider Transactions at Lockheed Martin

In related news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the completion of the sale, the insider now directly owns 2,000 shares in the company, valued at approximately $884,840. This represents a 61.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Harry Edward Paul III sold 707 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 7,133 shares of company stock valued at $3,155,916 over the last 90 days. Corporate insiders own 0.17% of the company's stock.

Institutional Trading of Lockheed Martin

Hedge funds have recently made changes to their positions in the company. Arete Wealth Advisors LLC purchased a new stake in shares of Lockheed Martin during the third quarter worth about $1,840,000. Erste Asset Management GmbH acquired a new stake in Lockheed Martin during the 3rd quarter valued at approximately $82,000. Itau Unibanco Holding S.A. purchased a new stake in Lockheed Martin during the 3rd quarter worth approximately $26,000. Investment Management Corp of Ontario increased its holdings in Lockheed Martin by 47.3% during the 3rd quarter. Investment Management Corp of Ontario now owns 7,164 shares of the aerospace company's stock worth $4,188,000 after purchasing an additional 2,300 shares during the last quarter. Finally, IHT Wealth Management LLC raised its position in shares of Lockheed Martin by 9.4% in the 3rd quarter. IHT Wealth Management LLC now owns 7,514 shares of the aerospace company's stock valued at $4,405,000 after purchasing an additional 643 shares in the last quarter. Hedge funds and other 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.