Lockheed Martin (NYSE:LMT) Shares Down 0.4% - Time to Sell?

Lockheed Martin Co. (NYSE:LMT - Get Free Report) traded down 0.4% during mid-day trading on Monday . The stock traded as low as $465.78 and last traded at $471.79. 371,208 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 1,265,496 shares. The stock had previously closed at $473.52.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. UBS Group raised their target price on Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 23rd. Bank of America cut Lockheed Martin from a "buy" rating to a "neutral" rating and cut their target price for the stock from $685.00 to $485.00 in a research note on Monday, March 24th. JPMorgan Chase & Co. cut their target price on Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Wells Fargo & Company cut their price objective on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada cut Lockheed Martin from an "outperform" rating to a "sector perform" rating and cut their price objective for the company from $550.00 to $480.00 in a research report on Thursday, March 27th. Nine equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Lockheed Martin currently has an average rating of "Moderate Buy" and an average price target of $541.80.

Lockheed Martin Stock Up 0.5%

The company's fifty day moving average price is $461.21 and its 200-day moving average price is $480.03. The stock has a market capitalization of $109.54 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.34 by $0.94. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. The firm 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 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be issued a $3.30 dividend. The ex-dividend date is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.82%. Lockheed Martin's payout ratio is currently 57.02%.

Insider Buying and Selling at Lockheed Martin

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. TruNorth Capital Management LLC bought a new position in shares of Lockheed Martin during the 1st quarter valued at about $31,000. Millstone Evans Group LLC bought a new position in shares of Lockheed Martin during the 4th quarter valued at about $32,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of Lockheed Martin during the 4th quarter valued at about $34,000. Heck Capital Advisors LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter valued at about $35,000. Finally, Redwood Park Advisors LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter valued at about $40,000. Institutional investors own 74.19% of the company's stock.

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.