Lockheed Martin (NYSE:LMT) Shares Down 0.7% – Should You Sell?

Lockheed Martin Co. (NYSE:LMT) traded down 0.7% during mid-day trading on Wednesday . The stock traded as low as $444.89 and last traded at $446.36. 202,305 shares were traded during trading, a decline of 85% from the average session volume of 1,357,633 shares. The stock had previously closed at $449.36.

Analyst Upgrades and Downgrades

LMT has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their target price for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. Citigroup dropped their price objective on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. JPMorgan Chase & Co. decreased their target price on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Wells Fargo & Company cut their price target on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. Finally, Truist Financial began coverage on Lockheed Martin in a research report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $555.60.

Lockheed Martin Trading Down 1.4 %

The company has a market cap of $104.34 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 2.12 and a beta of 0.48. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The business’s 50 day moving average price is $482.05 and its 200-day moving average price is $534.93.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, research analysts forecast that Lockheed Martin Co. will post 27.14 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is presently 59.30%.

Institutional Trading of Lockheed Martin

Several hedge funds have recently modified their holdings of the stock. Itau Unibanco Holding S.A. bought a new position in Lockheed Martin in the 3rd quarter valued at $26,000. Millstone Evans Group LLC acquired a new position in shares of Lockheed Martin during the fourth quarter valued at $32,000. Capital Performance Advisors LLP bought a new position in Lockheed Martin in the third quarter valued at about $40,000. Mizuho Securities Co. Ltd. acquired a new stake in Lockheed Martin in the fourth quarter worth about $34,000. Finally, Heck Capital Advisors LLC bought a new stake in Lockheed Martin during the 4th quarter worth about $35,000. 74.19% of the stock is owned by institutional investors.

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.