Investors Buy Lockheed Martin (LMT) on Weakness


Investors purchased shares of Lockheed Martin (NYSE:LMT) on weakness during trading on Friday. $92.09 million flowed into the stock on the tick-up and $57.96 million flowed out of the stock on the tick-down, for a money net flow of $34.13 million into the stock. Of all equities tracked, Lockheed Martin had the 28th highest net in-flow for the day. Lockheed Martin traded down ($0.45) for the day and closed at $324.04

LMT has been the subject of a number of analyst reports. TheStreet upgraded shares of Lockheed Martin from a “c” rating to a “b-” rating in a research note on Tuesday, April 24th. Zacks Investment Research upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $373.00 price objective for the company in a research note on Friday, January 19th. Citigroup boosted their price objective on shares of Lockheed Martin from $355.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Stifel Nicolaus boosted their price objective on shares of Lockheed Martin from $345.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Finally, ValuEngine upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Lockheed Martin presently has an average rating of “Buy” and a consensus price target of $373.91.


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The company has a market cap of $93.12 billion, a P/E ratio of 24.31, a price-to-earnings-growth ratio of 2.77 and a beta of 0.73. The company has a current ratio of 1.27, a quick ratio of 1.05 and a debt-to-equity ratio of -121.38.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, April 24th. The aerospace company reported $4.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.35 by $0.67. The firm had revenue of $11.64 billion during the quarter, compared to analysts’ expectations of $11.25 billion. Lockheed Martin had a net margin of 4.64% and a return on equity of 608.95%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.00 EPS. equities research analysts expect that Lockheed Martin will post 16.03 EPS for the current year.


The business also recently announced a quarterly dividend, which will be paid on Friday, June 22nd. Investors 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 yield of 2.47%. The ex-dividend date is Thursday, May 31st. Lockheed Martin’s payout ratio is currently 60.02%.

A number of large investors have recently added to or reduced their stakes in the stock. Boston Private Wealth LLC raised its stake in Lockheed Martin by 27.6% during the 1st quarter. Boston Private Wealth LLC now owns 6,944 shares of the aerospace company’s stock valued at $2,347,000 after purchasing an additional 1,504 shares during the last quarter. Mutual Advisors LLC raised its stake in shares of Lockheed Martin by 15.4% in the 1st quarter. Mutual Advisors LLC now owns 3,410 shares of the aerospace company’s stock valued at $1,152,000 after buying an additional 455 shares in the last quarter. Westover Capital Advisors LLC acquired a new position in shares of Lockheed Martin in the 1st quarter valued at $544,000. Financial Advocates Investment Management raised its stake in shares of Lockheed Martin by 61.2% in the 1st quarter. Financial Advocates Investment Management now owns 8,371 shares of the aerospace company’s stock valued at $2,829,000 after buying an additional 3,179 shares in the last quarter. Finally, OppenheimerFunds Inc. raised its stake in shares of Lockheed Martin by 17.0% in the 1st quarter. OppenheimerFunds Inc. now owns 1,874,975 shares of the aerospace company’s stock valued at $633,610,000 after buying an additional 271,768 shares in the last quarter. Hedge funds and other institutional investors own 78.59% of the company’s stock.


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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