Lockheed Martin (NYSE:LMT) Trading Down 1.3% – What’s Next?

Shares of Lockheed Martin Corporation (NYSE:LMT) fell 1.3% during trading on Friday . The company traded as low as $648.41 and last traded at $658.1020. 1,430,191 shares changed hands during trading, a decline of 28% from the average session volume of 1,977,783 shares. The stock had previously closed at $666.51.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of research reports. Sanford C. Bernstein reissued a “market perform” rating and issued a $654.00 target price on shares of Lockheed Martin in a research note on Friday, February 6th. TD Cowen upped their target price on Lockheed Martin from $600.00 to $670.00 and gave the company a “hold” rating in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Lockheed Martin from $492.00 to $611.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. Susquehanna reiterated a “positive” rating and set a $660.00 target price on shares of Lockheed Martin in a research note on Thursday, January 15th. Finally, UBS Group raised their price target on shares of Lockheed Martin from $580.00 to $663.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Six research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $612.50.

Lockheed Martin Trading Down 1.3%

The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.94 and a current ratio of 1.09. The business has a 50 day simple moving average of $560.32 and a 200-day simple moving average of $500.20. The stock has a market capitalization of $151.42 billion, a P/E ratio of 30.62, a price-to-earnings-growth ratio of 1.17 and a beta of 0.23.

Lockheed Martin (NYSE:LMT) last released its earnings results on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing the consensus estimate of $6.33 by ($0.53). The business had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.84 billion. Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the company earned $7.67 earnings per share. On average, analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 2nd will be given a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Monday, March 2nd. Lockheed Martin’s dividend payout ratio is 64.22%.

Institutional Trading of Lockheed Martin

Hedge funds and other institutional investors have recently modified their holdings of the business. Basso Capital Management L.P. acquired a new stake in shares of Lockheed Martin during the fourth quarter worth approximately $25,000. United Financial Planning Group LLC purchased a new stake in Lockheed Martin in the 3rd quarter worth approximately $25,000. Clarity Asset Management Inc. purchased a new stake in Lockheed Martin in the 4th quarter worth approximately $26,000. Triumph Capital Management boosted its stake in shares of Lockheed Martin by 66.7% during the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after buying an additional 22 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC grew its holdings in shares of Lockheed Martin by 285.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 40 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Company Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.