Lockheed Martin (NYSE:LMT) Trading 0% Higher - What's Next?

Lockheed Martin Co. (NYSE:LMT - Get Free Report) shares traded up 0% on Friday . The company traded as high as $569.98 and last traded at $564.30. 168,284 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 1,050,621 shares. The stock had previously closed at $564.21.

Analysts Set New Price Targets

LMT has been the subject of a number of analyst reports. Wells Fargo & Company increased their target price on Lockheed Martin from $483.00 to $525.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 24th. Bank of America reiterated a "buy" rating and issued a $635.00 price objective on shares of Lockheed Martin in a research report on Friday, August 30th. JPMorgan Chase & Co. boosted their target price on shares of Lockheed Martin from $560.00 to $630.00 and gave the stock an "overweight" rating in a research report on Monday, October 14th. Citigroup increased their price target on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Finally, UBS Group boosted their price objective on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a "neutral" rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $606.71.

Lockheed Martin Price Performance

The company has a quick ratio of 1.07, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The company has a 50 day moving average of $580.03 and a two-hundred day moving average of $513.85. The firm has a market cap of $134.03 billion, a P/E ratio of 20.43, a PEG ratio of 4.62 and a beta of 0.47.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data 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. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The business had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. During the same period last year, the company posted $6.77 EPS. The company's revenue was up 1.3% compared to the same quarter last year. Sell-side analysts expect that Lockheed Martin Co. will post 26.65 EPS for the current year.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be paid a $3.30 dividend. This is an increase from Lockheed Martin's previous quarterly dividend of $3.15. This represents a $13.20 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Monday, December 2nd. Lockheed Martin's dividend payout ratio is currently 45.62%.

Hedge Funds Weigh In On Lockheed Martin

A number of hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. raised its holdings in Lockheed Martin by 1.7% during the second quarter. Ameriprise Financial Inc. now owns 1,942,658 shares of the aerospace company's stock valued at $902,714,000 after buying an additional 31,545 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Lockheed Martin by 60,592.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company's stock valued at $911,433,000 after acquiring an additional 1,556,609 shares in the last quarter. Legal & General Group Plc boosted its position in Lockheed Martin by 14.9% during the second quarter. Legal & General Group Plc now owns 1,384,774 shares of the aerospace company's stock worth $646,828,000 after purchasing an additional 180,074 shares during the period. Dimensional Fund Advisors LP grew its holdings in Lockheed Martin by 11.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,169,223 shares of the aerospace company's stock valued at $546,144,000 after purchasing an additional 119,052 shares during the last quarter. Finally, Wulff Hansen & CO. raised its position in shares of Lockheed Martin by 56,626.7% in the second quarter. Wulff Hansen & CO. now owns 1,021,081 shares of the aerospace company's stock valued at $476,947,000 after purchasing an additional 1,019,281 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

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.