Lockheed Martin (NYSE:LMT) Trading Down 3.2% – Time to Sell?

Lockheed Martin Corporation (NYSE:LMT) shares fell 3.2% during trading on Tuesday . The stock traded as low as $541.55 and last traded at $543.44. Approximately 1,041,540 shares changed hands during trading, a decline of 30% from the average daily volume of 1,493,057 shares. The stock had previously closed at $561.23.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. UBS Group reaffirmed a “neutral” rating and issued a $581.00 price objective on shares of Lockheed Martin in a research note on Friday, July 24th. Wall Street Zen raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Robert W. Baird set a $700.00 price target on Lockheed Martin in a report on Friday, July 24th. Wells Fargo & Company set a $600.00 price objective on Lockheed Martin in a research note on Monday, July 27th. Finally, Weiss Ratings upgraded shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $632.39.

Lockheed Martin Stock Performance

The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. The company has a fifty day moving average price of $553.07 and a 200 day moving average price of $572.82. The stock has a market cap of $125.42 billion, a P/E ratio of 20.03, a P/E/G ratio of 0.97 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The company had revenue of $20.06 billion for the quarter, compared to analysts’ expectations of $19.34 billion. During the same period last year, the business earned $1.46 EPS. Lockheed Martin’s quarterly revenue was up 10.5% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, equities analysts expect that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio (DPR) is currently 50.87%.

Institutional Investors Weigh In On Lockheed Martin

Institutional investors and hedge funds have recently made changes to their positions in the business. Basso Capital Management L.P. bought a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $25,000. Burnham & Co LLC bought a new stake in Lockheed Martin during the 2nd quarter valued at approximately $25,000. United Financial Planning Group LLC bought a new stake in Lockheed Martin during the 3rd quarter valued at approximately $25,000. Clarity Asset Management Inc. purchased a new position in shares of Lockheed Martin during the 4th quarter worth approximately $26,000. Finally, Field & Main Bank bought a new position in shares of Lockheed Martin in the 2nd quarter worth approximately $26,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Company Profile

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.