Lockheed Martin (NYSE:LMT) Trading Down 0.4% – Should You Sell?

Shares of Lockheed Martin Co. (NYSE:LMT) fell 0.4% during mid-day trading on Monday . The stock traded as low as $490.90 and last traded at $492.84. 196,152 shares traded hands during trading, a decline of 82% from the average session volume of 1,080,053 shares. The stock had previously closed at $494.65.

Wall Street Analyst Weigh In

A number of analysts have recently commented on LMT shares. Deutsche Bank Aktiengesellschaft boosted their price target on Lockheed Martin from $600.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Melius upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price target on the stock in a research note on Tuesday, September 3rd. Barclays raised their price objective on shares of Lockheed Martin from $505.00 to $565.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. upped their target price on shares of Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Finally, Melius Research raised shares of Lockheed Martin to a “strong-buy” rating in a research report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $612.29.

Lockheed Martin Trading Down 0.2 %

The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The stock has a market capitalization of $116.26 billion, a PE ratio of 17.76, a P/E/G ratio of 4.13 and a beta of 0.46. The stock has a 50 day moving average price of $548.15 and a 200-day moving average price of $533.36.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The business had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. During the same period last year, the firm posted $6.77 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. Sell-side analysts expect that Lockheed Martin Co. will post 26.88 earnings per share for the current year.

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be issued a dividend of $3.30 per share. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.15. This represents a $13.20 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Monday, December 2nd. Lockheed Martin’s dividend payout ratio is currently 47.79%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Itau Unibanco Holding S.A. bought a new position in shares of Lockheed Martin during the 3rd quarter valued at approximately $26,000. Burkett Financial Services LLC bought a new position in shares of Lockheed Martin in the third quarter worth approximately $32,000. Mattson Financial Services LLC purchased a new stake in shares of Lockheed Martin in the second quarter worth $27,000. Sachetta LLC raised its position in shares of Lockheed Martin by 50.0% during the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 20 shares during the period. Finally, Stephens Consulting LLC lifted its stake in shares of Lockheed Martin by 48.9% during the 2nd quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company’s stock valued at $31,000 after buying an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Company Profile

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.