Lockheed Martin (NYSE:LMT) Stock Price Down 0.4%

Lockheed Martin Co. (NYSE:LMT - Get Free Report)'s share price was down 0.4% during mid-day trading on Wednesday . The stock traded as low as $563.32 and last traded at $564.78. Approximately 134,740 shares changed hands during trading, a decline of 87% from the average daily volume of 1,051,256 shares. The stock had previously closed at $567.01.

Analysts Set New Price Targets

Several equities research analysts have recently commented on LMT shares. Bank of America restated a "buy" rating and issued a $635.00 target price on shares of Lockheed Martin in a research note on Friday, August 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Lockheed Martin from a "hold" rating to a "buy" rating and lifted their target price for the company from $540.00 to $600.00 in a research note on Friday, July 26th. Morgan Stanley boosted their price objective on Lockheed Martin from $503.00 to $599.00 and gave the stock an "equal weight" rating in a research note on Friday, August 9th. JPMorgan Chase & Co. lifted their price target on Lockheed Martin from $518.00 to $560.00 and gave the company an "overweight" rating in a report on Thursday, July 25th. Finally, Barclays raised their price objective on shares of Lockheed Martin from $480.00 to $505.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $553.43.

Lockheed Martin Price Performance

The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.07 and a current ratio of 1.24. The company has a market capitalization of $135.80 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 4.55 and a beta of 0.47. The company has a 50-day moving average price of $541.35 and a 200-day moving average price of $486.83.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.45 by $0.66. The firm had revenue of $18.12 billion during the quarter, compared to analysts' expectations of $17.05 billion. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The business's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.73 earnings per share. On average, equities research analysts expect that Lockheed Martin Co. will post 26.65 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $3.15 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $12.60 annualized dividend and a yield of 2.23%. Lockheed Martin's dividend payout ratio is presently 46.10%.

Insider Buying and Selling at Lockheed Martin

In related news, insider Timothy S. Cahill sold 3,975 shares of the business's stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $515.36, for a total value of $2,048,556.00. Following the completion of the transaction, the insider now directly owns 8,877 shares in the company, valued at approximately $4,574,850.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.17% of the company's stock.

Institutional Investors Weigh In On Lockheed Martin

Several large investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its position in Lockheed Martin by 130.0% during the 2nd quarter. GAMMA Investing LLC now owns 3,572 shares of the aerospace company's stock worth $1,668,000 after acquiring an additional 2,019 shares during the last quarter. Morningstar Investment Services LLC increased its stake in Lockheed Martin by 99.6% in the 4th quarter. Morningstar Investment Services LLC now owns 147,811 shares of the aerospace company's stock valued at $66,697,000 after buying an additional 73,774 shares during the last quarter. Brevan Howard Capital Management LP lifted its position in Lockheed Martin by 414.2% during the 4th quarter. Brevan Howard Capital Management LP now owns 7,121 shares of the aerospace company's stock worth $3,228,000 after buying an additional 5,736 shares in the last quarter. New Mexico Educational Retirement Board boosted its stake in shares of Lockheed Martin by 20.5% during the 1st quarter. New Mexico Educational Retirement Board now owns 14,097 shares of the aerospace company's stock worth $6,222,000 after buying an additional 2,400 shares during the last quarter. Finally, American National Bank grew its holdings in shares of Lockheed Martin by 26.8% in the 1st quarter. American National Bank now owns 36,577 shares of the aerospace company's stock valued at $16,638,000 after acquiring an additional 7,731 shares in the last quarter. 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.