Lockheed Martin (NYSE:LMT) Trading Down 6.3% - Should You Sell?

Lockheed Martin Corporation (NYSE:LMT - Get Free Report) traded down 6.3% during trading on Tuesday . The stock traded as low as $419.10 and last traded at $431.29. 2,906,756 shares were traded during mid-day trading, an increase of 110% from the average session volume of 1,382,346 shares. The stock had previously closed at $460.53.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LMT. Sanford C. Bernstein set a $551.00 price target on shares of Lockheed Martin and gave the stock a "market perform" rating in a research report on Monday, July 14th. Wells Fargo & Company decreased their price objective on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Melius Research downgraded shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. UBS Group lifted their price objective on shares of Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a report on Wednesday, April 23rd. Finally, TD Cowen reaffirmed a "hold" rating and issued a $480.00 price objective (down previously from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Thirteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $532.69.

Lockheed Martin Stock Performance

The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 2.79. The firm has a market capitalization of $96.19 billion, a P/E ratio of 17.76, a P/E/G ratio of 1.63 and a beta of 0.28. The stock has a fifty day moving average of $469.37 and a 200-day moving average of $464.14.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.34 by $0.94. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. The company had revenue of $17.96 billion during the quarter, compared to analysts' expectations of $17.83 billion. On average, research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be paid a $3.30 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a yield of 3.22%. Lockheed Martin's dividend payout ratio (DPR) is presently 57.02%.

Institutional Trading of Lockheed Martin

Several institutional investors have recently added to or reduced their stakes in LMT. OMNI 360 Wealth Inc. grew its position in Lockheed Martin by 2.5% during the 1st quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company's stock worth $408,000 after acquiring an additional 22 shares during the last quarter. 49 Wealth Management LLC grew its position in Lockheed Martin by 3.4% during the 1st quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company's stock worth $295,000 after acquiring an additional 22 shares during the last quarter. Tyler Stone Wealth Management grew its position in Lockheed Martin by 3.3% during the 1st quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company's stock worth $306,000 after acquiring an additional 22 shares during the last quarter. Investment Advisory Services Inc. TX ADV grew its position in Lockheed Martin by 4.7% during the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company's stock worth $225,000 after acquiring an additional 22 shares during the last quarter. Finally, Broadway Wealth Solutions Inc. grew its position in Lockheed Martin by 4.5% during the 2nd quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company's stock worth $237,000 after acquiring an additional 22 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

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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