Lockheed Martin (NYSE:LMT) Shares Down 0.7% - Should You Sell?

Shares of Lockheed Martin Co. (NYSE:LMT - Get Free Report) fell 0.7% during trading on Tuesday . The company traded as low as $464.72 and last traded at $468.35. 213,302 shares were traded during mid-day trading, a decline of 83% from the average session volume of 1,254,989 shares. The stock had previously closed at $471.56.

Analysts Set New Price Targets

A number of research firms recently issued reports on LMT. Bank of America lowered Lockheed Martin from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $685.00 to $485.00 in a research report on Monday, March 24th. Royal Bank of Canada lowered shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from $550.00 to $480.00 in a research note on Thursday, March 27th. Citigroup decreased their price objective on Lockheed Martin from $700.00 to $600.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. Morgan Stanley upgraded Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price target for the company in a research report on Wednesday, April 16th. Finally, Truist Financial initiated 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 on the stock. Nine research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Lockheed Martin currently has an average rating of "Moderate Buy" and an average price target of $541.80.

Lockheed Martin Stock Performance

The company has a market capitalization of $112.00 billion, a price-to-earnings ratio of 21.47, a P/E/G ratio of 2.07 and a beta of 0.29. The firm's 50 day simple moving average is $460.89 and its 200-day simple moving average is $485.07. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping analysts' consensus estimates of $6.34 by $0.94. The firm had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current year.

Insider Transactions at Lockheed Martin

In related news, VP Harry Edward Paul III sold 707 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the sale, the insider now directly owns 2,000 shares of the company's stock, valued at $884,840. The trade was a 61.63 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,133 shares of company stock valued at $3,155,916. 0.14% of the stock is owned by insiders.

Institutional Trading of Lockheed Martin

A number of institutional investors and hedge funds have recently modified their holdings of the company. Millstone Evans Group LLC acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at about $32,000. TruNorth Capital Management LLC acquired a new stake in Lockheed Martin in the 1st quarter worth $31,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Lockheed Martin during the fourth quarter valued at about $34,000. Heck Capital Advisors LLC bought a new stake in shares of Lockheed Martin in the fourth quarter valued at about $35,000. Finally, Redwood Park Advisors LLC acquired a new stake in Lockheed Martin during the fourth quarter worth about $40,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

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.