Lockheed Martin (NYSE:LMT) Stock Price Down 2.1% – Should You Sell?

Lockheed Martin Corporation (NYSE:LMT) shares dropped 2.1% during mid-day trading on Wednesday . The stock traded as low as $524.37 and last traded at $524.8470. Approximately 1,361,554 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 1,484,661 shares. The stock had previously closed at $536.15.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wells Fargo & Company set a $600.00 price target on shares of Lockheed Martin in a research report on Monday, July 27th. Royal Bank Of Canada boosted their price objective on shares of Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a research note on Friday, July 24th. Wall Street Zen raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 29th. Weiss Ratings upgraded shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Finally, Citigroup raised their target price on shares of Lockheed Martin from $641.00 to $691.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $637.56.

Lockheed Martin Stock Down 1.2%

The company has a market capitalization of $120.89 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 1.14 and a beta of 0.10. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. The business’s 50 day moving average is $556.35 and its 200 day moving average is $566.15.

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

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be given a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio is presently 50.87%.

Institutional Trading of Lockheed Martin

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its position in Lockheed Martin by 49,985.5% in the second quarter. California State Teachers Retirement System now owns 163,027,709 shares of the aerospace company’s stock valued at $83,056,097,000 after buying an additional 162,702,210 shares during the last quarter. BlackRock Inc. purchased a new position in Lockheed Martin during the 2nd quarter worth approximately $9,617,574,000. Charles Schwab Investment Management Inc. raised its position in Lockheed Martin by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,638,936 shares of the aerospace company’s stock worth $4,178,399,000 after buying an additional 114,900 shares during the last quarter. Corient Private Wealth LP acquired a new stake in Lockheed Martin during the 2nd quarter valued at approximately $101,960,000. Finally, Morgan Stanley lifted its stake in 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 acquiring an additional 527,523 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Company Profile

Lockheed Martin Corporation is a global aerospace, defense and technology company that develops and produces systems for government and commercial customers, with the U.S. Department of Defense serving as its largest customer. Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

The company’s products and services include military aircraft such as the F-35 Lightning II, F-16 and C-130; air and missile defense systems; precision weapons; helicopters and maritime systems; radar, sensors and command-and-control technologies; satellites; space exploration systems; and missile-warning and strategic defense capabilities.

Lockheed Martin was created in 1995 through the merger of Lockheed Corporation and Martin Marietta.