Lockheed Martin (NYSE:LMT) Stock Price Down 2.7% – Should You Sell?

Shares of Lockheed Martin Co. (NYSE:LMT) fell 2.7% on Monday . The company traded as low as $419.70 and last traded at $423.15. 3,251,191 shares changed hands during trading, an increase of 129% from the average session volume of 1,420,672 shares. The stock had previously closed at $434.72.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on LMT shares. Robert W. Baird boosted their target price on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and decreased their target price for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. StockNews.com lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Susquehanna lowered their price target on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, January 29th. Finally, Truist Financial initiated coverage on shares of 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 assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $555.60.

Lockheed Martin Trading Up 1.0 %

The stock has a market cap of $101.85 billion, a PE ratio of 19.44, a PEG ratio of 2.00 and a beta of 0.48. The company’s fifty day moving average is $473.65 and its 200-day moving average is $531.03. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95.

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

Lockheed Martin Dividend Announcement

The company also recently disclosed 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 is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.05%. Lockheed Martin’s payout ratio is 59.30%.

Hedge Funds Weigh In On Lockheed Martin

Several large investors have recently made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new stake in shares of Lockheed Martin during the 3rd quarter worth about $26,000. Millstone Evans Group LLC purchased a new position in Lockheed Martin during the fourth quarter worth approximately $32,000. Mizuho Securities Co. Ltd. acquired a new stake in Lockheed Martin in the fourth quarter valued at approximately $34,000. Heck Capital Advisors LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $35,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Lockheed Martin during the 3rd quarter worth approximately $40,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

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.