Lockheed Martin (NYSE:LMT) Stock Price Down 2.2% - Should You Sell?

Lockheed Martin Co. (NYSE:LMT - Get Free Report)'s share price fell 2.2% during trading on Tuesday . The company traded as low as $466.54 and last traded at $468.70. 479,333 shares changed hands during trading, a decline of 57% from the average session volume of 1,116,014 shares. The stock had previously closed at $479.17.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on LMT shares. Citigroup reduced their price objective on Lockheed Martin from $700.00 to $600.00 and set a "buy" rating for the company in a research note on Tuesday, January 21st. Truist Financial assumed coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They set a "buy" rating and a $579.00 price target for the company. Morgan Stanley dropped their target price on shares of Lockheed Martin from $555.00 to $525.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 29th. Barclays decreased their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. dropped their price objective 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin currently has an average rating of "Moderate Buy" and a consensus target price of $554.20.

Lockheed Martin Trading Down 0.3 %

The firm has a market cap of $109.81 billion, a PE ratio of 20.94, a PEG ratio of 2.07 and a beta of 0.43. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The stock's fifty day simple moving average is $461.68 and its two-hundred day simple moving average is $519.43.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, sell-side analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.83%. Lockheed Martin's payout ratio is 59.30%.

Insider Buying and Selling

In related news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total value of $1,421,495.46. Following the completion of the sale, the insider now directly owns 2,000 shares in the company, valued at $884,840. This trade represents a 61.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Harry Edward Paul III sold 707 shares of the company'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 directly owns 2,278 shares in the company, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,133 shares of company stock valued at $3,155,916 over the last quarter. 0.17% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lockheed Martin

Large investors have recently made changes to their positions in the stock. Itau Unibanco Holding S.A. purchased a new position in shares of Lockheed Martin during the 3rd quarter worth approximately $26,000. Millstone Evans Group LLC acquired a new position in shares of Lockheed Martin during the 4th quarter worth about $32,000. Mizuho Securities Co. Ltd. purchased a new stake in Lockheed Martin in the fourth quarter valued at $34,000. Heck Capital Advisors LLC purchased a new position in Lockheed Martin during the 4th quarter worth approximately $35,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Lockheed Martin in the 3rd quarter valued at $42,000. 74.19% of the stock is currently 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.