Lockheed Martin (NYSE:LMT) Stock Price Up 0.2% - What's Next?

Lockheed Martin Co. (NYSE:LMT - Get Free Report) traded up 0.2% on Friday . The company traded as high as $481.96 and last traded at $480.39. 329,151 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 1,085,366 shares. The stock had previously closed at $479.66.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LMT shares. Citigroup upped their target price on Lockheed Martin from $570.00 to $700.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Susquehanna reduced their price target on shares of Lockheed Martin from $705.00 to $695.00 and set a "positive" rating for the company in a research report on Wednesday, October 23rd. Melius Research raised shares of Lockheed Martin to a "strong-buy" rating in a research report on Tuesday, September 3rd. Melius upgraded shares of Lockheed Martin from a "hold" rating to a "buy" rating and set a $704.00 price target for the company in a research note on Tuesday, September 3rd. Finally, Wells Fargo & Company reduced their price objective on Lockheed Martin from $602.00 to $543.00 and set an "equal weight" rating for the company in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $612.29.

Lockheed Martin Trading Up 2.0 %

The firm's 50 day moving average is $543.35 and its 200 day moving average is $532.64. 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 has a market cap of $115.91 billion, a PE ratio of 17.71, a PEG ratio of 4.13 and a beta of 0.46.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping the consensus estimate of $6.50 by $0.34. The firm had revenue of $17.10 billion for the quarter, compared to analysts' expectations of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The business's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.77 earnings per share. On average, equities analysts anticipate that Lockheed Martin Co. will post 26.88 earnings per share for the current year.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be issued a dividend of $3.30 per share. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.15. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.70%. Lockheed Martin's payout ratio is presently 47.79%.

Institutional Investors Weigh In On Lockheed Martin

A number of institutional investors and hedge funds have recently bought and sold shares of LMT. CVA Family Office LLC increased its holdings in shares of Lockheed Martin by 1.1% in the 3rd quarter. CVA Family Office LLC now owns 1,548 shares of the aerospace company's stock worth $905,000 after buying an additional 17 shares during the last quarter. AllGen Financial Advisors Inc. raised its position in Lockheed Martin by 4.0% during the third quarter. AllGen Financial Advisors Inc. now owns 468 shares of the aerospace company's stock valued at $274,000 after purchasing an additional 18 shares in the last quarter. Salomon & Ludwin LLC lifted its stake in Lockheed Martin by 20.5% during the third quarter. Salomon & Ludwin LLC now owns 106 shares of the aerospace company's stock worth $62,000 after purchasing an additional 18 shares during the last quarter. Sunburst Financial Group LLC boosted its holdings in shares of Lockheed Martin by 3.3% in the 3rd quarter. Sunburst Financial Group LLC now owns 566 shares of the aerospace company's stock worth $331,000 after purchasing an additional 18 shares in the last quarter. Finally, Quad Cities Investment Group LLC increased its position in shares of Lockheed Martin by 1.2% during the 3rd quarter. Quad Cities Investment Group LLC now owns 1,572 shares of the aerospace company's stock valued at $919,000 after purchasing an additional 19 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

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.