Lockheed Martin (NYSE:LMT) Shares Down 3.3% - Time to Sell?

Key Points

• Lockheed Martin's shares decreased by 3.3%, trading at $489.09 after reaching a low of $482.71 during mid-day trading, with volume significantly up 79% from the average.
• Analysts have set a consensus price target of $515.35 for Lockheed Martin, with ratings ranging from one "Strong Buy" to fifteen "Hold" recommendations.
• The company declared an increased quarterly dividend of $3.45 per share, reflecting a 2.8% yield, to be paid on December 30th.

Lockheed Martin Corporation (NYSE:LMT - Get Free Report) shares traded down 3.3% during mid-day trading on Tuesday . The company traded as low as $482.71 and last traded at $489.09. 2,863,824 shares changed hands during trading, an increase of 79% from the average session volume of 1,602,830 shares. The stock had previously closed at $505.90.

Analysts Set New Price Targets

A number of equities analysts have commented on LMT shares. Truist Financial boosted their price target on shares of Lockheed Martin from $440.00 to $500.00 and gave the stock a "hold" rating in a research note on Wednesday, October 15th. Wall Street Zen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Sanford C. Bernstein increased their target price on Lockheed Martin from $497.00 to $545.00 and gave the company a "market perform" rating in a research note on Monday. Alembic Global Advisors raised Lockheed Martin from a "neutral" rating to an "overweight" rating in a research note on Thursday, August 28th. Finally, Royal Bank Of Canada upped their price objective on Lockheed Martin from $440.00 to $525.00 and gave the stock a "sector perform" rating in a report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $515.35.

Lockheed Martin Stock Performance

The company has a market cap of $114.18 billion, a P/E ratio of 27.54, a price-to-earnings-growth ratio of 1.74 and a beta of 0.28. The business has a 50 day moving average price of $473.51 and a two-hundred day moving average price of $465.36. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, topping analysts' consensus estimates of $6.33 by $0.62. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The business had revenue of $18.61 billion for the quarter, compared to analysts' expectations of $18.45 billion. During the same period in the previous year, the firm earned $6.84 EPS. The business's quarterly revenue was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be given a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, December 1st. This is an increase from Lockheed Martin's previous quarterly dividend of $3.30. Lockheed Martin's dividend payout ratio is currently 74.32%.

Institutional Trading of Lockheed Martin

A number of institutional investors have recently modified their holdings of LMT. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Lockheed Martin during the second quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC purchased a new position in Lockheed Martin during the 2nd quarter valued at $29,000. TruNorth Capital Management LLC purchased a new position in Lockheed Martin during the 1st quarter valued at $31,000. Frazier Financial Advisors LLC bought a new position in Lockheed Martin in the 2nd quarter worth $34,000. Finally, MTM Investment Management LLC purchased a new stake in shares of Lockheed Martin in the 2nd quarter worth about $36,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

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.

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