Lockheed Martin (NYSE:LMT) Trading Down 3.5% - Should You Sell?

Lockheed Martin Co. (NYSE:LMT - Get Free Report) was down 3.5% during trading on Monday . The stock traded as low as $471.00 and last traded at $469.31. Approximately 787,256 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 1,322,778 shares. The stock had previously closed at $486.45.

Analyst Ratings Changes

LMT has been the topic of a number of analyst reports. Melius lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. UBS Group lifted their price objective on shares of Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a research note on Wednesday, April 23rd. Baird R W upgraded shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Jefferies Financial Group dropped their price objective on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a research note on Monday, April 28th. Finally, Royal Bank of Canada lowered shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and dropped their price objective for the company from $550.00 to $480.00 in a research note on Thursday, March 27th. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Lockheed Martin currently has a consensus rating of "Moderate Buy" and a consensus target price of $541.80.

Lockheed Martin Trading Down 4.3%

The stock has a market cap of $109.04 billion, a price-to-earnings ratio of 20.90, a P/E/G ratio of 2.07 and a beta of 0.29. The business's fifty day simple moving average is $470.72 and its 200 day simple moving average is $469.65. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95.

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

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be issued a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin's payout ratio is currently 57.02%.

Institutional Investors Weigh In On Lockheed Martin

Institutional investors have recently bought and sold shares of the stock. Millstone Evans Group LLC acquired a new stake in Lockheed Martin in the fourth quarter worth about $32,000. TruNorth Capital Management LLC bought a new stake in Lockheed Martin in the first quarter worth about $31,000. Mizuho Securities Co. Ltd. bought a new stake in Lockheed Martin in the fourth quarter worth about $34,000. Heck Capital Advisors LLC bought a new stake in Lockheed Martin in the fourth quarter worth about $35,000. Finally, Redwood Park Advisors LLC bought a new stake in Lockheed Martin in the fourth quarter worth about $40,000. Institutional investors and hedge funds own 74.19% of the company's stock.

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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