Lockheed Martin (NYSE:LMT) Stock Price Up 0.7% - Still a Buy?

Lockheed Martin Co. (NYSE:LMT - Get Free Report) shares traded up 0.7% during mid-day trading on Friday . The company traded as high as $470.74 and last traded at $466.89. 286,556 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 1,234,115 shares. The stock had previously closed at $463.70.

Analyst Ratings Changes

Several brokerages have recently weighed in on LMT. Melius Research cut shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. JPMorgan Chase & Co. decreased their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. Barclays cut their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. Wells Fargo & Company decreased their price objective on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a "buy" rating to a "hold" rating and reduced their target price for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $536.60.

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Lockheed Martin Stock Performance

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 market capitalization of $111.45 billion, a PE ratio of 21.34, a P/E/G ratio of 2.07 and a beta of 0.39. The firm's 50 day moving average is $450.03 and its two-hundred day moving average is $500.17.

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 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%. As a group, research analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were paid a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.78%. The ex-dividend date was Monday, March 3rd. Lockheed Martin's payout ratio is presently 59.30%.

Insider Buying and Selling

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of Lockheed Martin 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 of the company's stock, valued at $1,008,265.58. The trade was a 23.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 completion of the transaction, the insider now owns 2,000 shares in the company, valued at approximately $884,840. The trade was a 61.63 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,133 shares of company stock worth $3,155,916. Company insiders own 0.17% of the company's stock.

Institutional Investors Weigh In On Lockheed Martin

Several institutional investors have recently added to or reduced their stakes in the business. CFS Investment Advisory Services LLC lifted its position in Lockheed Martin by 2.0% in the fourth quarter. CFS Investment Advisory Services LLC now owns 1,091 shares of the aerospace company's stock valued at $530,000 after acquiring an additional 21 shares during the last quarter. Wynn Capital LLC lifted its holdings in shares of Lockheed Martin by 1.0% in the 4th quarter. Wynn Capital LLC now owns 2,185 shares of the aerospace company's stock valued at $1,062,000 after purchasing an additional 22 shares during the last quarter. PBMares Wealth Management LLC boosted its position in shares of Lockheed Martin by 0.6% in the 4th quarter. PBMares Wealth Management LLC now owns 3,745 shares of the aerospace company's stock valued at $1,820,000 after purchasing an additional 22 shares during the period. Nvwm LLC grew its stake in Lockheed Martin by 2.5% during the 4th quarter. Nvwm LLC now owns 908 shares of the aerospace company's stock worth $441,000 after buying an additional 22 shares during the last quarter. Finally, Schear Investment Advisers LLC increased its position in Lockheed Martin by 2.0% during the fourth quarter. Schear Investment Advisers LLC now owns 1,147 shares of the aerospace company's stock worth $557,000 after buying an additional 22 shares during the period. 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.