Lockheed Martin (NYSE:LMT) Stock Price Up 1% – Still a Buy?

Shares of Lockheed Martin Co. (NYSE:LMT) rose 1% on Friday . The company traded as high as $440.16 and last traded at $440.66. Approximately 279,657 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 1,528,304 shares. The stock had previously closed at $436.29.

Analysts Set New Price Targets

Several research analysts have commented on LMT shares. Citigroup dropped their price target on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Royal Bank of Canada dropped their price target on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. UBS Group dropped their price target on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Wells Fargo & Company dropped their price target on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. Finally, Truist Financial started coverage on Lockheed Martin in a research report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin presently has a consensus rating of “Moderate Buy” and an average price target of $555.60.

Lockheed Martin Price Performance

The company has a fifty day moving average price of $469.94 and a two-hundred day moving average price of $528.89. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The company has a market cap of $103.86 billion, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, equities research analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

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

Institutional Trading of Lockheed Martin

Several institutional investors have recently bought and sold shares of LMT. Itau Unibanco Holding S.A. acquired a new stake in Lockheed Martin in the 3rd quarter valued at $26,000. Millstone Evans Group LLC bought a new position in Lockheed Martin in the 4th quarter valued at $32,000. Mizuho Securities Co. Ltd. bought a new position in Lockheed Martin in the 4th quarter valued at $34,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin in the 4th quarter valued at $35,000. Finally, Capital Performance Advisors LLP bought a new position in Lockheed Martin in the 3rd quarter valued at $40,000. Institutional investors and hedge funds 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.