Lockheed Martin (NYSE:LMT) Stock Price Down 1.9% – Should You Sell?

Shares of Lockheed Martin Corporation (NYSE:LMT) fell 1.9% during trading on Friday . The company traded as low as $613.66 and last traded at $615.5070. 1,059,668 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 1,889,904 shares. The stock had previously closed at $627.33.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Truist Financial increased their price target on Lockheed Martin from $605.00 to $695.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Wall Street Zen lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 22nd. Morgan Stanley set a $675.00 price objective on Lockheed Martin in a research note on Wednesday, February 4th. DZ Bank lowered Lockheed Martin from a “buy” rating to a “hold” rating and set a $665.00 target price on the stock. in a research report on Tuesday, February 3rd. Finally, Jefferies Financial Group raised their target price on Lockheed Martin from $540.00 to $630.00 and gave the company a “hold” rating in a research note on Sunday, February 1st. Seven research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $623.16.

Lockheed Martin Price Performance

The business’s 50-day simple moving average is $632.76 and its 200 day simple moving average is $535.68. The company has a market capitalization of $141.62 billion, a P/E ratio of 28.64, a P/E/G ratio of 1.12 and a beta of 0.22. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.33 by ($0.53). Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The company had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter last year, the business earned $7.67 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 2nd will be given a dividend of $3.45 per share. The ex-dividend date is Monday, March 2nd. This represents a $13.80 annualized dividend and a dividend yield of 2.2%. Lockheed Martin’s dividend payout ratio (DPR) is 64.22%.

Institutional Trading of Lockheed Martin

Several institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in Lockheed Martin by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company’s stock worth $4,178,399,000 after acquiring an additional 114,900 shares in the last quarter. Morgan Stanley boosted its position in shares of Lockheed Martin by 10.1% during the 4th quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock valued at $2,770,729,000 after purchasing an additional 527,523 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Lockheed Martin by 3.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,384,753 shares of the aerospace company’s stock valued at $1,190,493,000 after purchasing an additional 79,491 shares in the last quarter. Invesco Ltd. grew its stake in shares of Lockheed Martin by 4.2% in the 3rd quarter. Invesco Ltd. now owns 2,196,058 shares of the aerospace company’s stock worth $1,096,294,000 after purchasing an additional 87,663 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Lockheed Martin by 0.6% in the 4th quarter. Franklin Resources Inc. now owns 1,670,284 shares of the aerospace company’s stock worth $807,866,000 after purchasing an additional 10,349 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

About Lockheed Martin

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.