Lockheed Martin (NYSE:LMT) Trading Down 1.9% After Analyst Downgrade

Lockheed Martin Co. (NYSE:LMT - Get Free Report) shares dropped 1.9% during trading on Monday after Barclays lowered their price target on the stock from $565.00 to $515.00. Barclays currently has an equal weight rating on the stock. Lockheed Martin traded as low as $472.10 and last traded at $472.75. Approximately 400,510 shares changed hands during trading, a decline of 42% from the average daily volume of 692,487 shares. The stock had previously closed at $481.82.

Other equities research analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a "buy" rating to a "hold" rating and lowered their target price for the company from $611.00 to $523.00 in a research note on Thursday. JPMorgan Chase & Co. increased their price target on Lockheed Martin from $560.00 to $630.00 and gave the company an "overweight" rating in a research note on Monday, October 14th. Wells Fargo & Company cut their target price on shares of Lockheed Martin from $602.00 to $543.00 and set an "equal weight" rating on the stock in a report on Wednesday, December 11th. Robert W. Baird boosted their price objective on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Finally, Susquehanna lowered their price objective on shares of Lockheed Martin from $705.00 to $695.00 and set a "positive" rating on the stock in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $601.79.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Itau Unibanco Holding S.A. purchased a new stake in shares of Lockheed Martin in the 3rd quarter worth about $26,000. Burkett Financial Services LLC bought a new position in Lockheed Martin in the 3rd quarter worth $32,000. Mattson Financial Services LLC bought a new position in shares of Lockheed Martin during the 2nd quarter valued at approximately $27,000. Sachetta LLC lifted its stake in shares of Lockheed Martin by 50.0% during the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company's stock valued at $28,000 after buying an additional 20 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Lockheed Martin during the third quarter worth about $40,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Performance

The firm has a market capitalization of $110.61 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. The business's fifty day simple moving average is $519.47 and its 200-day simple moving average is $535.38.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating analysts' consensus estimates of $6.50 by $0.34. The company had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $6.77 EPS. As a group, equities research analysts expect that Lockheed Martin Co. will post 26.88 EPS for the current year.

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.