Lockheed Martin Co. (NYSE:LMT - Get Free Report) shares rose 0.3% during mid-day trading on Friday . The stock traded as high as $450.68 and last traded at $447.67. Approximately 236,686 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 1,543,371 shares. The stock had previously closed at $446.46.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Royal Bank of Canada decreased their price objective on Lockheed Martin from $570.00 to $550.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 29th. Morgan Stanley decreased their price objective on Lockheed Martin from $555.00 to $525.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 29th. Barclays decreased their price objective on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating on the stock in a research note on Monday, January 6th. Wells Fargo & Company decreased their price objective on Lockheed Martin from $497.00 to $468.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Finally, Truist Financial assumed coverage on Lockheed Martin in a research note on Tuesday, January 14th. They set a "buy" rating and a $579.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $553.67.
Check Out Our Latest Research Report on LMT
Lockheed Martin Price Performance
The business has a fifty day moving average price of $465.79 and a 200-day moving average price of $524.83. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The stock has a market capitalization of $105.97 billion, a PE ratio of 20.22, a PEG ratio of 2.07 and a beta of 0.48.
Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Research analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.
Lockheed Martin Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.93%. The ex-dividend date is Monday, March 3rd. Lockheed Martin's dividend payout ratio is presently 59.30%.
Insider Activity at Lockheed Martin
In related news, VP Harry Edward Paul III sold 707 shares of the stock in a transaction dated Wednesday, February 26th. The stock was 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 directly owns 2,278 shares in the company, valued at $1,008,265.58. This represents a 23.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction dated 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 sale, the insider now owns 2,000 shares of the company's stock, valued at $884,840. This represents a 61.63 % 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 ninety days. 0.17% of the stock is owned by company insiders.
Institutional Investors Weigh In On Lockheed Martin
Several institutional investors have recently bought and sold shares of LMT. Virtue Capital Management LLC raised its position in Lockheed Martin by 112.8% during the 3rd quarter. Virtue Capital Management LLC now owns 2,249 shares of the aerospace company's stock valued at $1,315,000 after purchasing an additional 1,192 shares during the last quarter. Bank of Montreal Can raised its position in Lockheed Martin by 2.1% during the 3rd quarter. Bank of Montreal Can now owns 656,807 shares of the aerospace company's stock valued at $382,498,000 after purchasing an additional 13,253 shares during the last quarter. Hilltop Holdings Inc. raised its position in Lockheed Martin by 79.9% during the 3rd quarter. Hilltop Holdings Inc. now owns 12,068 shares of the aerospace company's stock valued at $7,054,000 after purchasing an additional 5,361 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its position in Lockheed Martin by 51.7% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,528 shares of the aerospace company's stock valued at $4,630,000 after purchasing an additional 3,247 shares during the last quarter. Finally, Capital Investment Advisors LLC raised its position in Lockheed Martin by 2.2% during the 4th quarter. Capital Investment Advisors LLC now owns 92,131 shares of the aerospace company's stock valued at $44,770,000 after purchasing an additional 2,011 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.
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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