Lockheed Martin (NYSE:LMT) Stock Price Down 0.4% – Time to Sell?

Lockheed Martin Co. (NYSE:LMT) shares traded down 0.4% during trading on Wednesday . The company traded as low as $451.09 and last traded at $451.83. 214,820 shares changed hands during trading, a decline of 85% from the average session volume of 1,388,067 shares. The stock had previously closed at $453.68.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. UBS Group cut their target price on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Citigroup lowered their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Robert W. Baird increased their price objective on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Royal Bank of Canada decreased their price objective on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a report on Wednesday, January 29th. Finally, Truist Financial began coverage on Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Lockheed Martin currently has an average rating of “Moderate Buy” and a consensus price target of $555.60.

Lockheed Martin Price Performance

The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The company has a market capitalization of $104.52 billion, a price-to-earnings ratio of 19.95, a P/E/G ratio of 2.96 and a beta of 0.48. The firm has a 50-day simple moving average of $486.55 and a two-hundred day simple moving average of $535.81.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, analysts predict that Lockheed Martin Co. will post 27.29 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 yield of 2.97%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is presently 59.30%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Itau Unibanco Holding S.A. purchased a new position in Lockheed Martin in the 3rd quarter worth approximately $26,000. Heck Capital Advisors LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter valued at approximately $35,000. Capital Performance Advisors LLP purchased a new stake in shares of Lockheed Martin during the 3rd quarter valued at approximately $40,000. Legacy Investment Solutions LLC purchased a new stake in shares of Lockheed Martin during the 3rd quarter valued at approximately $42,000. Finally, Vestor Capital LLC purchased a new stake in shares of Lockheed Martin during the 3rd quarter valued at approximately $46,000. 74.19% of the stock is owned by hedge funds and other 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.