Lockheed Martin (NYSE:LMT) Trading Down 1.2% – Should You Sell?

Shares of Lockheed Martin Corporation (NYSE:LMT) traded down 1.2% during mid-day trading on Tuesday . The company traded as low as $626.51 and last traded at $630.34. 1,211,128 shares were traded during mid-day trading, a decline of 43% from the average session volume of 2,135,633 shares. The stock had previously closed at $638.29.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on LMT shares. Citigroup increased their target price on Lockheed Martin from $592.00 to $673.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Jefferies Financial Group upped their target price on shares of Lockheed Martin from $540.00 to $630.00 and gave the stock a “hold” rating in a research note on Sunday, February 1st. Truist Financial boosted their price objective on shares of Lockheed Martin from $605.00 to $695.00 and gave the stock a “buy” rating in a report on Friday, January 30th. The Goldman Sachs Group lifted their target price on Lockheed Martin from $464.00 to $517.00 and gave the stock a “sell” rating in a report on Monday, February 2nd. Finally, Morgan Stanley set a $675.00 price target on Lockheed Martin in a report on Wednesday, February 4th. Six analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $612.50.

Lockheed Martin Trading Down 1.2%

The company has a market capitalization of $145.03 billion, a P/E ratio of 29.33, a P/E/G ratio of 1.12 and a beta of 0.23. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05. The stock has a 50 day moving average of $530.22 and a 200-day moving average of $488.63.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The business had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.84 billion. During the same period in the prior year, the business earned $7.67 earnings per share. Lockheed Martin’s revenue was up 9.1% compared to the same quarter last year. On average, research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 2nd will be given a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, March 2nd. Lockheed Martin’s payout ratio is currently 64.22%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. United Financial Planning Group LLC purchased a new stake in Lockheed Martin in the 3rd quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC increased its holdings in Lockheed Martin by 285.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 40 shares during the period. Grey Fox Wealth Advisors LLC bought a new stake in Lockheed Martin during the 3rd quarter valued at $27,000. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of Lockheed Martin in the 2nd quarter worth $28,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of Lockheed Martin during the 2nd quarter worth $29,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Company Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.