Traders Buy Shares of Lockheed Martin (LMT) on Weakness

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Traders purchased shares of Lockheed Martin Co. (NYSE:LMT) on weakness during trading hours on Wednesday. $219.20 million flowed into the stock on the tick-up and $102.02 million flowed out of the stock on the tick-down, for a money net flow of $117.18 million into the stock. Of all equities tracked, Lockheed Martin had the 7th highest net in-flow for the day. Lockheed Martin traded down ($0.81) for the day and closed at $314.35

A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $369.00 target price on the stock in a research report on Friday, April 27th. ValuEngine downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Tuesday, May 22nd. Morgan Stanley decreased their price target on Lockheed Martin from $388.00 to $373.00 and set an “overweight” rating for the company in a report on Thursday, April 12th. Barclays assumed coverage on Lockheed Martin in a report on Thursday, March 29th. They issued an “equal weight” rating and a $369.00 price target for the company. Finally, Cowen reissued a “hold” rating and issued a $370.00 price target on shares of Lockheed Martin in a report on Tuesday, April 24th. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $371.26.

The company has a quick ratio of 1.05, a current ratio of 1.27 and a debt-to-equity ratio of -121.38. The company has a market capitalization of $91.17 billion, a price-to-earnings ratio of 23.58, a P/E/G ratio of 2.71 and a beta of 0.71.

Lockheed Martin (NYSE:LMT) last announced its 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. The business had revenue of $11.64 billion during the quarter, compared to the consensus estimate of $11.25 billion. Lockheed Martin had a return on equity of 608.95% and a net margin of 4.64%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.00 EPS. research analysts predict that Lockheed Martin Co. will post 16.05 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 22nd. Stockholders of record on Friday, June 1st will be paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Thursday, May 31st. Lockheed Martin’s payout ratio is 60.02%.

Several hedge funds have recently made changes to their positions in LMT. Silvant Capital Management LLC acquired a new position in shares of Lockheed Martin during the 1st quarter worth approximately $114,000. W.G. Shaheen & Associates DBA Whitney & Co acquired a new position in shares of Lockheed Martin during the 1st quarter worth approximately $116,000. Bray Capital Advisors acquired a new position in shares of Lockheed Martin during the 1st quarter worth approximately $127,000. Trilogy Capital Inc. acquired a new position in shares of Lockheed Martin during the 1st quarter worth approximately $134,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of Lockheed Martin by 55.2% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 450 shares of the aerospace company’s stock worth $152,000 after buying an additional 160 shares during the period. 77.96% of the stock is owned by institutional investors and hedge funds.

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. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

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