Investors sold shares of Lockheed Martin Co. (NYSE:LMT) on strength during trading on Friday. $76.54 million flowed into the stock on the tick-up and $144.15 million flowed out of the stock on the tick-down, for a money net flow of $67.61 million out of the stock. Of all equities tracked, Lockheed Martin had the 31st highest net out-flow for the day. Lockheed Martin traded up $0.19 for the day and closed at $295.43
A number of analysts have recently weighed in on LMT shares. TheStreet upgraded shares of Lockheed Martin from a “c” rating to a “b-” rating in a research note on Tuesday, April 24th. Credit Suisse Group lowered their price target on shares of Lockheed Martin from $380.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, May 22nd. Cowen reissued a “hold” rating and set a $370.00 price target on shares of Lockheed Martin in a report on Tuesday, April 24th. Barclays started coverage on shares of Lockheed Martin in a report on Thursday, March 29th. They set an “equal weight” rating and a $369.00 price target on the stock. Finally, Morgan Stanley decreased their price objective on shares of Lockheed Martin from $388.00 to $373.00 and set an “overweight” rating on the stock in a report on Thursday, April 12th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $371.26.
The company has a current ratio of 1.27, a quick ratio of 1.05 and a debt-to-equity ratio of -121.38. The company has a market capitalization of $84.17 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 2.50 and a beta of 0.71.
Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, April 24th. The aerospace company reported $4.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.35 by $0.67. Lockheed Martin had a net margin of 4.64% and a return on equity of 608.95%. The firm had revenue of $11.64 billion for the quarter, compared to the consensus estimate of $11.25 billion. During the same period last year, the firm posted $3.00 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. analysts anticipate that Lockheed Martin Co. will post 16.09 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Tuesday, September 4th will be given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Friday, August 31st. Lockheed Martin’s payout ratio is currently 60.02%.
A number of institutional investors have recently added to or reduced their stakes in LMT. Silvant Capital Management LLC acquired a new stake in Lockheed Martin during the first quarter worth about $114,000. W.G. Shaheen & Associates DBA Whitney & Co purchased a new position in shares of Lockheed Martin in the first quarter valued at approximately $116,000. Bray Capital Advisors purchased a new position in shares of Lockheed Martin in the first quarter valued at approximately $127,000. Trilogy Capital Inc. purchased a new position in shares of Lockheed Martin in the first quarter valued at approximately $134,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Lockheed Martin by 55.2% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 450 shares of the aerospace company’s stock valued at $152,000 after purchasing an additional 160 shares during the period. Hedge funds and other institutional investors own 77.89% 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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
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