Lockheed Martin (NYSE:LMT) Shares Down 2.4% – Should You Sell?

Lockheed Martin Corporation (NYSE:LMT) was down 2.4% during mid-day trading on Wednesday . The company traded as low as $530.15 and last traded at $531.60. Approximately 1,193,734 shares traded hands during trading, a decline of 20% from the average session volume of 1,491,283 shares. The stock had previously closed at $544.50.

Analysts Set New Price Targets

A number of brokerages have issued reports on LMT. Robert W. Baird set a $700.00 price target on Lockheed Martin in a report on Friday, July 24th. Weiss Ratings raised shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Jefferies Financial Group reissued a “hold” rating on shares of Lockheed Martin in a report on Wednesday. UBS Group reissued a “neutral” rating and issued a $581.00 price objective on shares of Lockheed Martin in a research note on Friday, July 24th. Finally, Citigroup upped their target price on shares of Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $632.39.

Lockheed Martin Stock Up 0.2%

The firm has a market capitalization of $122.88 billion, a P/E ratio of 19.63, a PEG ratio of 1.16 and a beta of 0.10. The firm’s 50 day moving average is $555.22 and its two-hundred day moving average is $570.63. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping analysts’ consensus estimates of $7.22 by $0.72. The business had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.Lockheed Martin’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the company posted $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Research analysts predict that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be paid a $3.45 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 annualized dividend and a yield of 2.6%. Lockheed Martin’s dividend payout ratio is presently 50.87%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Basso Capital Management L.P. acquired a new position in Lockheed Martin in the fourth quarter valued at approximately $25,000. Burnham & Co LLC bought a new position in shares of Lockheed Martin during the second quarter valued at about $25,000. United Financial Planning Group LLC bought a new stake in Lockheed Martin during the third quarter worth $25,000. Clarity Asset Management Inc. purchased a new stake in Lockheed Martin during the fourth quarter worth about $26,000. Finally, Field & Main Bank bought a new position in Lockheed Martin during the second quarter valued at $26,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

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.