Lockheed Martin (NYSE:LMT) Trading 0.2% Higher – What’s Next?

Shares of Lockheed Martin Co. (NYSE:LMT) rose 0.2% during mid-day trading on Tuesday . The company traded as high as $487.87 and last traded at $487.44. Approximately 117,764 shares changed hands during trading, a decline of 89% from the average daily volume of 1,096,126 shares. The stock had previously closed at $486.49.

Wall Street Analysts Forecast Growth

LMT has been the subject of a number of research analyst reports. Citigroup boosted their target price on Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Robert W. Baird upped their target price on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. TD Cowen increased their target price on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Bank of America restated a “buy” rating and set a $635.00 price target on shares of Lockheed Martin in a research note on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Lockheed Martin from $600.00 to $620.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, four 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $612.29.

Lockheed Martin Price Performance

The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The business’s fifty day moving average is $538.54 and its 200 day moving average is $533.84. The company has a market cap of $115.70 billion, a P/E ratio of 17.67, a PEG ratio of 4.13 and a beta of 0.47.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same period in the previous year, the company posted $6.77 earnings per share. The business’s revenue was up 1.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Lockheed Martin Co. will post 26.88 EPS for the current year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 2nd will be given a $3.30 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.70%. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s payout ratio is 47.79%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Itau Unibanco Holding S.A. purchased a new stake in shares of Lockheed Martin during the third quarter worth $26,000. Mattson Financial Services LLC bought a new stake in shares of Lockheed Martin during the 2nd quarter valued at $27,000. Sachetta LLC lifted its holdings in Lockheed Martin by 50.0% during the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 20 shares in the last quarter. Stephens Consulting LLC boosted its stake in Lockheed Martin by 48.9% in the 2nd quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 22 shares during the period. Finally, Burkett Financial Services LLC purchased a new position in Lockheed Martin during the 3rd quarter valued at about $32,000. 74.19% of the stock is owned by institutional investors.

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.