Traders Buy Lockheed Martin (LMT) on Weakness

Traders bought shares of Lockheed Martin Co. (NYSE:LMT) on weakness during trading hours on Friday. $597.99 million flowed into the stock on the tick-up and $286.79 million flowed out of the stock on the tick-down, for a money net flow of $311.20 million into the stock. Of all companies tracked, Lockheed Martin had the 6th highest net in-flow for the day. Lockheed Martin traded down ($2.36) for the day and closed at $296.15

Several research firms have recently commented on LMT. ValuEngine upgraded Lockheed Martin from a “sell” rating to a “hold” rating in a research report on Tuesday, December 11th. Susquehanna Bancshares began coverage on Lockheed Martin in a research report on Thursday, January 10th. They set a “positive” rating and a $321.00 price target for the company. Morgan Stanley restated an “equal weight” rating on shares of Lockheed Martin in a research report on Thursday, January 10th. Vertical Research upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $340.00 price target for the company in a research report on Thursday, January 10th. Finally, Jefferies Financial Group restated a “hold” rating and set a $313.00 price target on shares of Lockheed Martin in a research report on Tuesday, February 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $350.00.

The company has a market cap of $83.79 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 2.24 and a beta of 1.02. The company has a debt-to-equity ratio of 8.70, a current ratio of 1.12 and a quick ratio of 0.91.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, January 29th. The aerospace company reported $4.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $4.39. The business had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $13.75 billion. Lockheed Martin had a return on equity of 726.78% and a net margin of 9.39%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the firm earned ($2.25) earnings per share. Research analysts expect that Lockheed Martin Co. will post 19.42 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be paid a $2.20 dividend. This represents a $8.80 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Thursday, February 28th. Lockheed Martin’s payout ratio is currently 49.30%.

In related news, Director Ilene S. Gordon acquired 750 shares of Lockheed Martin stock in a transaction dated Monday, February 25th. The shares were acquired at an average cost of $306.04 per share, for a total transaction of $229,530.00. Following the completion of the purchase, the director now owns 750 shares in the company, valued at $229,530. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Brian P. Colan sold 4,000 shares of the stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $304.56, for a total value of $1,218,240.00. Following the completion of the sale, the vice president now owns 2,489 shares in the company, valued at $758,049.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 85,186 shares of company stock worth $26,010,927. Insiders own 0.35% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bremer Trust National Association acquired a new stake in Lockheed Martin in the fourth quarter valued at $25,000. ERTS Wealth Advisors LLC acquired a new stake in Lockheed Martin in the fourth quarter valued at $26,000. Lake Point Wealth Management acquired a new stake in Lockheed Martin in the fourth quarter valued at $26,000. Van ECK Associates Corp acquired a new stake in Lockheed Martin in the fourth quarter valued at $29,000. Finally, Virtus ETF Advisers LLC acquired a new stake in Lockheed Martin in the fourth quarter valued at $31,000. Institutional investors and hedge funds own 78.34% of the company’s stock.

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About Lockheed Martin (NYSE:LMT)

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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