Lockheed Martin (NYSE:LMT) Shares Down 0.2% - Time to Sell?

Lockheed Martin Co. (NYSE:LMT - Get Free Report) traded down 0.2% on Wednesday . The company traded as low as $471.13 and last traded at $475.16. 200,025 shares traded hands during trading, a decline of 88% from the average session volume of 1,650,478 shares. The stock had previously closed at $475.88.

Analysts Set New Price Targets

A number of research firms have commented on LMT. Morgan Stanley upgraded shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price objective on the stock in a research note on Wednesday, April 16th. JPMorgan Chase & Co. decreased their price target on Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Susquehanna reduced their target price on Lockheed Martin from $590.00 to $550.00 and set a "positive" rating on the stock in a report on Wednesday, January 29th. Truist Financial assumed coverage on Lockheed Martin in a report on Tuesday, January 14th. They issued a "buy" rating and a $579.00 price target for the company. Finally, Baird R W raised shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $544.79.

Lockheed Martin Stock Down 0.1 %

The firm has a market cap of $111.43 billion, a price-to-earnings ratio of 21.37, a price-to-earnings-growth ratio of 2.07 and a beta of 0.39. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The stock's 50 day moving average is $457.45 and its 200 day moving average is $489.91.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, beating the consensus estimate of $6.34 by $0.94. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. The business had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. Analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current year.

Insider Activity

In other news, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total transaction of $312,925.27. Following the transaction, the vice president now owns 2,278 shares in the company, valued at approximately $1,008,265.58. The trade was a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total value of $1,421,495.46. Following the transaction, the insider now directly owns 2,000 shares in the company, valued at approximately $884,840. This trade represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,133 shares of company stock worth $3,155,916. Insiders own 0.14% of the company's stock.

Hedge Funds Weigh In On Lockheed Martin

Several institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its holdings in Lockheed Martin by 17.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company's stock valued at $3,630,492,000 after purchasing an additional 1,132,461 shares during the period. Geode Capital Management LLC increased its stake in Lockheed Martin by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 4,887,242 shares of the aerospace company's stock valued at $2,374,557,000 after acquiring an additional 59,597 shares during the period. Northern Trust Corp raised its holdings in Lockheed Martin by 6.3% in the 4th quarter. Northern Trust Corp now owns 2,260,910 shares of the aerospace company's stock valued at $1,098,667,000 after acquiring an additional 134,662 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Lockheed Martin by 17.5% during the 4th quarter. Invesco Ltd. now owns 2,131,928 shares of the aerospace company's stock worth $1,035,989,000 after purchasing an additional 318,007 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Lockheed Martin by 41,104.9% during the first quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock valued at $889,593,000 after purchasing an additional 1,986,600 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Company Profile

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.

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