Lockheed Martin (NYSE:LMT) Stock Price Down 1% – Time to Sell?

Shares of Lockheed Martin Co. (NYSE:LMT) traded down 1% during mid-day trading on Monday . The company traded as low as $453.58 and last traded at $458.33. 318,727 shares were traded during mid-day trading, a decline of 77% from the average session volume of 1,392,736 shares. The stock had previously closed at $462.95.

Analyst Ratings Changes

LMT has been the topic of a number of recent analyst reports. UBS Group decreased their price target on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Royal Bank of Canada dropped their price target on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research note on Wednesday, January 29th. TD Cowen lifted their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Susquehanna dropped their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research report on Wednesday, January 29th. Finally, Truist Financial initiated coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $555.60.

Lockheed Martin Trading Down 1.5 %

The company has a 50-day moving average price of $492.29 and a two-hundred day moving average price of $537.32. The stock has a market cap of $107.30 billion, a P/E ratio of 20.48, a P/E/G ratio of 2.96 and a beta of 0.48. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping the consensus estimate 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 expect that Lockheed Martin Co. will post 27.29 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.90%. Lockheed Martin’s dividend payout ratio is 59.30%.

Institutional Investors Weigh In On Lockheed Martin

A number of institutional investors and hedge funds have recently modified their holdings of the business. Itau Unibanco Holding S.A. bought a new stake in shares of Lockheed Martin during the third quarter worth $26,000. Burkett Financial Services LLC purchased a new position in Lockheed Martin in the 3rd quarter worth about $32,000. Heck Capital Advisors LLC bought a new stake in Lockheed Martin during the 4th quarter valued at about $35,000. Capital Performance Advisors LLP purchased a new stake in Lockheed Martin in the 3rd quarter valued at about $40,000. Finally, Legacy Investment Solutions LLC bought a new position in Lockheed Martin in the 3rd quarter worth about $42,000. 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.