Lockheed Martin (NYSE:LMT) Shares Down 0.3%

Lockheed Martin Co. (NYSE:LMT - Get Free Report)'s stock price was down 0.3% during trading on Thursday . The company traded as low as $562.60 and last traded at $563.89. Approximately 115,550 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 1,049,385 shares. The stock had previously closed at $565.49.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on LMT shares. UBS Group increased their price objective on shares of Lockheed Martin from $511.00 to $538.00 and gave the company a "neutral" rating in a research report on Wednesday, July 24th. Morgan Stanley increased their price objective on shares of Lockheed Martin from $503.00 to $599.00 and gave the company an "equal weight" rating in a research report on Friday, August 9th. Melius raised shares of Lockheed Martin from a "hold" rating to a "buy" rating and set a $704.00 price objective on the stock in a research report on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft raised shares of Lockheed Martin from a "hold" rating to a "buy" rating and increased their price objective for the company from $540.00 to $600.00 in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Lockheed Martin from $518.00 to $560.00 and gave the company an "overweight" rating in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $553.43.

Lockheed Martin Stock Performance

The stock has a market cap of $135.61 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 4.55 and a beta of 0.47. The stock's 50 day moving average is $543.44 and its two-hundred day moving average is $487.37. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share for the quarter, topping 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%. Lockheed Martin's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.73 EPS. Analysts anticipate that Lockheed Martin Co. will post 26.65 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

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

Insider Buying and Selling

In other Lockheed Martin news, insider Timothy S. Cahill sold 3,975 shares of the company's stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the completion of the transaction, the insider now owns 8,877 shares in the company, valued at approximately $4,574,850.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.17% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lockheed Martin

A number of large investors have recently bought and sold shares of the company. HTLF Bank increased its holdings in shares of Lockheed Martin by 3.7% in the 2nd quarter. HTLF Bank now owns 565 shares of the aerospace company's stock valued at $264,000 after purchasing an additional 20 shares in the last quarter. tru Independence LLC increased its holdings in Lockheed Martin by 2.5% during the 2nd quarter. tru Independence LLC now owns 827 shares of the aerospace company's stock valued at $386,000 after acquiring an additional 20 shares in the last quarter. Sachetta LLC increased its holdings in Lockheed Martin by 50.0% during the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company's stock valued at $28,000 after acquiring an additional 20 shares in the last quarter. Twin Lakes Capital Management LLC increased its holdings in Lockheed Martin by 1.3% during the 2nd quarter. Twin Lakes Capital Management LLC now owns 1,527 shares of the aerospace company's stock valued at $713,000 after acquiring an additional 20 shares in the last quarter. Finally, Goldstein Advisors LLC increased its holdings in Lockheed Martin by 1.2% during the 2nd quarter. Goldstein Advisors LLC now owns 1,731 shares of the aerospace company's stock valued at $809,000 after acquiring an additional 21 shares in the last quarter. 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.