Lockheed Martin (NYSE:LMT) Stock Price Down 0.5% - Should You Sell?

Lockheed Martin Co. (NYSE:LMT - Get Free Report)'s stock price was down 0.5% on Thursday . The company traded as low as $473.36 and last traded at $475.24. Approximately 184,870 shares traded hands during trading, a decline of 85% from the average daily volume of 1,249,684 shares. The stock had previously closed at $477.75.

Analyst Ratings Changes

Several research analysts have issued reports on LMT shares. Wells Fargo & Company dropped their price target on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. StockNews.com downgraded Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday. Robert W. Baird raised Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price target on the stock in a research note on Wednesday, April 23rd. Citigroup reduced their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a "buy" rating for the company in a research note on Tuesday, January 21st. Finally, Susquehanna dropped their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a "positive" rating on the stock in a research report on Wednesday, January 29th. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $544.79.

Lockheed Martin Stock Performance

The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The firm has a market capitalization of $110.62 billion, a PE ratio of 21.21, a PEG ratio of 2.07 and a beta of 0.29. The firm's fifty day moving average price is $459.44 and its 200 day moving average price is $487.13.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating analysts' consensus estimates of $6.34 by $0.94. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. The firm had revenue of $17.96 billion for the quarter, compared to the consensus estimate of $17.83 billion. On average, research analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Insider Activity 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 value of $312,925.27. Following the completion of the sale, the vice president now directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the completion of the transaction, the insider now owns 2,000 shares in the company, valued at $884,840. This trade represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,133 shares of company stock valued at $3,155,916. 0.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lockheed Martin

Several hedge funds and other institutional investors have recently made changes to their positions in LMT. TruNorth Capital Management LLC bought a new position in Lockheed Martin during the first quarter worth $31,000. Millstone Evans Group LLC acquired a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $32,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Lockheed Martin during the fourth quarter valued at approximately $34,000. Heck Capital Advisors LLC acquired a new position in shares of Lockheed Martin in the fourth quarter valued at $35,000. Finally, Redwood Park Advisors LLC bought a new position in Lockheed Martin in the fourth quarter worth $40,000. 74.19% of the stock is owned by institutional investors and hedge funds.

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.