Lockheed Martin (NYSE:LMT) Stock Price Down 2% - Should You Sell?

Shares of Lockheed Martin Co. (NYSE:LMT - Get Free Report) dropped 2% during trading on Friday . The stock traded as low as $425.08 and last traded at $426.20. Approximately 974,894 shares traded hands during trading, a decline of 31% from the average daily volume of 1,408,098 shares. The stock had previously closed at $434.72.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wells Fargo & Company lowered their price target on Lockheed Martin from $500.00 to $497.00 and set an "equal weight" rating for the company in a research report on Thursday, January 30th. Susquehanna decreased their price target on Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a "buy" rating to a "hold" rating and dropped their target price for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. StockNews.com cut Lockheed Martin from a "buy" rating to a "hold" rating in a report on Friday, January 31st. Finally, Royal Bank of Canada decreased their price target on Lockheed Martin from $570.00 to $550.00 and set an "outperform" rating for the company in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, six have given 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.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $555.60.

Lockheed Martin Price Performance

The stock has a 50-day simple moving average of $472.21 and a 200 day simple moving average of $530.35. The company has a market cap of $101.85 billion, a PE ratio of 19.44, a P/E/G ratio of 2.00 and a beta of 0.48. 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 announced its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping analysts' consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Equities analysts expect that Lockheed Martin Co. will post 27.14 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be paid a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date is Monday, March 3rd. Lockheed Martin's dividend payout ratio is currently 59.30%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. purchased a new stake in Lockheed Martin in the 3rd quarter valued at approximately $26,000. Millstone Evans Group LLC purchased a new position in Lockheed Martin in the 4th quarter worth approximately $32,000. Capital Performance Advisors LLP purchased a new position in Lockheed Martin in the third quarter valued at about $40,000. Mizuho Securities Co. Ltd. bought a new position in Lockheed Martin during the 4th quarter valued at $34,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Lockheed Martin in the 4th quarter worth approximately $35,000. 74.19% of the stock is owned by hedge funds and other 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.