Lockheed Martin (NYSE:LMT) Trading 0.2% Higher

Lockheed Martin Co. (NYSE:LMT - Get Free Report)'s stock price was up 0.2% during mid-day trading on Wednesday . The company traded as high as $583.75 and last traded at $580.07. Approximately 134,659 shares changed hands during trading, a decline of 87% from the average daily volume of 1,060,780 shares. The stock had previously closed at $578.63.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LMT shares. Susquehanna boosted their target price on Lockheed Martin from $540.00 to $565.00 and gave the stock a "positive" rating in a report on Wednesday, July 24th. Barclays upped their price target on Lockheed Martin from $480.00 to $505.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 30th. UBS Group upped their price target on Lockheed Martin from $511.00 to $538.00 and gave the stock a "neutral" rating in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft upgraded Lockheed Martin from a "hold" rating to a "buy" rating and upped their price target for the stock from $540.00 to $600.00 in a report on Friday, July 26th. Finally, Morgan Stanley upped their price target on Lockheed Martin from $503.00 to $599.00 and gave the stock an "equal weight" rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $553.43.

Lockheed Martin Trading Down 0.1 %

The company has a market cap of $137.76 billion, a P/E ratio of 21.15, a P/E/G ratio of 4.66 and a beta of 0.47. The business has a fifty day simple moving average of $550.14 and a 200 day simple moving average of $491.21. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.07 and a current ratio of 1.24.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.45 by $0.66. The business had revenue of $18.12 billion for the quarter, compared to analyst estimates of $17.05 billion. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The business's revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $6.73 EPS. Analysts anticipate that Lockheed Martin Co. will post 26.65 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be issued a $3.15 dividend. This represents a $12.60 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Tuesday, September 3rd. Lockheed Martin's dividend payout ratio (DPR) is presently 46.10%.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, insider Timothy S. Cahill sold 3,975 shares of the firm's stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total value of $2,048,556.00. Following the transaction, the insider now owns 8,877 shares of the company's stock, valued at $4,574,850.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.17% of the company's stock.

Institutional Investors Weigh In On Lockheed Martin

Several large investors have recently added to or reduced their stakes in the stock. Sachetta LLC raised its holdings in shares of Lockheed Martin by 50.0% during the second quarter. Sachetta LLC now owns 60 shares of the aerospace company's stock valued at $28,000 after buying an additional 20 shares during the last quarter. Wiser Advisor Group LLC raised its stake in Lockheed Martin by 65.8% during the 1st quarter. Wiser Advisor Group LLC now owns 63 shares of the aerospace company's stock valued at $29,000 after acquiring an additional 25 shares in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in Lockheed Martin during the 1st quarter worth $30,000. Stephens Consulting LLC grew its stake in shares of Lockheed Martin by 48.9% in the second quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company's stock worth $31,000 after purchasing an additional 22 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new position in shares of Lockheed Martin during the second quarter valued at $35,000. 74.19% of the stock is owned by institutional investors and hedge funds.

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.