Lockheed Martin (NYSE:LMT) Stock Price Down 1.1% – Should You Sell?

Lockheed Martin Corporation (NYSE:LMT) shares traded down 1.1% during mid-day trading on Tuesday . The company traded as low as $605.00 and last traded at $609.4110. 1,064,441 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 1,923,268 shares. The stock had previously closed at $616.25.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Truist Financial raised 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. UBS Group increased their target price on shares of Lockheed Martin from $580.00 to $663.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. BNP Paribas Exane boosted their price target on shares of Lockheed Martin from $550.00 to $570.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Wall Street Zen cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Finally, Susquehanna raised their price objective on Lockheed Martin from $725.00 to $740.00 and gave the stock a “positive” rating in a report on Wednesday, March 18th. Six analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $623.16.

Lockheed Martin Stock Performance

The stock has a market cap of $140.21 billion, a PE ratio of 28.36, a P/E/G ratio of 1.13 and a beta of 0.22. The firm’s 50-day moving average is $629.70 and its 200 day moving average is $533.38. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.94 and a current ratio of 1.09.

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

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 2nd will be issued a dividend of $3.45 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.3%. Lockheed Martin’s dividend payout ratio (DPR) is currently 64.22%.

Institutional Trading of Lockheed Martin

Several institutional investors and hedge funds have recently added to or reduced their stakes in LMT. Cerro Pacific Wealth Advisors LLC raised its stake in shares of Lockheed Martin by 1.2% during the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company’s stock worth $665,000 after purchasing an additional 16 shares during the last quarter. Garner Asset Management Corp grew its position in Lockheed Martin by 0.9% in the 4th quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company’s stock valued at $839,000 after buying an additional 16 shares during the last quarter. Davis R M Inc. increased its stake in Lockheed Martin by 1.3% in the 4th quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company’s stock valued at $612,000 after buying an additional 16 shares during the period. Broadway Wealth Solutions Inc. increased its stake in Lockheed Martin by 3.6% in the 4th quarter. Broadway Wealth Solutions Inc. now owns 484 shares of the aerospace company’s stock valued at $234,000 after buying an additional 17 shares during the period. Finally, Aspire Growth Partners LLC raised its position in Lockheed Martin by 0.7% during the 4th quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company’s stock worth $1,217,000 after buying an additional 17 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

About Lockheed Martin

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.