Lockheed Martin (NYSE:LMT) Shares Up 0.7% – What’s Next?

Lockheed Martin Co. (NYSE:LMT) rose 0.7% during mid-day trading on Monday . The company traded as high as $448.44 and last traded at $447.37. Approximately 374,105 shares changed hands during trading, a decline of 73% from the average daily volume of 1,377,103 shares. The stock had previously closed at $444.39.

Wall Street Analyst Weigh In

Several brokerages recently commented on LMT. Robert W. Baird lifted their target price on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Morgan Stanley decreased their target price on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. StockNews.com lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Truist Financial initiated coverage on Lockheed Martin in a research note on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price target for the company. Finally, Barclays lowered their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin currently has an average rating of “Moderate Buy” and an average price target of $555.60.

Lockheed Martin Price Performance

The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The company has a market cap of $103.96 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 2.12 and a beta of 0.48. The business has a fifty day moving average price of $482.05 and a 200 day moving average price of $534.93.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. As a group, research analysts anticipate that Lockheed Martin Co. will post 27.14 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.99%. Lockheed Martin’s dividend payout ratio is presently 59.30%.

Institutional Trading of Lockheed Martin

Several institutional investors have recently modified their holdings of LMT. Disciplined Investors L.L.C. acquired a new position in shares of Lockheed Martin in the 4th quarter worth approximately $372,000. SevenBridge Financial Group LLC boosted its holdings in Lockheed Martin by 12.9% in the fourth quarter. SevenBridge Financial Group LLC now owns 7,019 shares of the aerospace company’s stock worth $3,154,000 after acquiring an additional 804 shares in the last quarter. OneAscent Financial Services LLC grew its position in Lockheed Martin by 84.5% in the 4th quarter. OneAscent Financial Services LLC now owns 1,116 shares of the aerospace company’s stock valued at $542,000 after purchasing an additional 511 shares during the period. Cynosure Group LLC bought a new position in shares of Lockheed Martin in the fourth quarter valued at $307,000. Finally, DKM Wealth Management Inc. acquired a new position in shares of Lockheed Martin during the fourth quarter valued at about $790,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Company Profile

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.