Lockheed Martin (NYSE:LMT) Trading Down 1.3% - Time to Sell?

Key Points

• Lockheed Martin shares fell 1.3% to about $556.95 in midday trading, below the 200-day moving average of $574.85.
• Analyst sentiment is mixed, with a consensus rating of “Hold” and an average price target of $632.39; recent targets range from $605 to $691.
• The company beat quarterly earnings and revenue expectations, while declaring a quarterly dividend of $3.45, equivalent to a 2.5% yield and a 50.87% payout ratio.

Shares of Lockheed Martin Corporation (NYSE:LMT - Get Free Report) were down 1.3% during trading on Tuesday . The company traded as low as $555.27 and last traded at $556.9490. Approximately 1,259,570 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 1,512,521 shares. The stock had previously closed at $564.14.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on LMT shares. Wall Street Zen cut Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 15th. JPMorgan Chase & Co. cut their target price on Lockheed Martin from $680.00 to $605.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 5th. Morgan Stanley boosted their price target on shares of Lockheed Martin from $653.00 to $690.00 and gave the company an "equal weight" rating in a report on Friday, July 24th. Citigroup lifted their price objective on shares of Lockheed Martin from $641.00 to $691.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. Finally, Jefferies Financial Group reissued a "hold" rating on shares of Lockheed Martin in a research note on Sunday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $632.39.

Lockheed Martin Price Performance

The company has a market capitalization of $128.54 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 0.97 and a beta of 0.10. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. The business has a fifty day moving average price of $548.48 and a 200 day moving average price of $574.85.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, beating analysts' consensus estimates of $7.22 by $0.72. The business had revenue of $20.06 billion for the quarter, compared to analysts' expectations of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The company's revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.46 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, research analysts expect that Lockheed Martin Corporation will post 30.39 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be paid a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin's dividend payout ratio is currently 50.87%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LMT. World Investment Advisors boosted its position in shares of Lockheed Martin by 54.7% during the 4th quarter. World Investment Advisors now owns 14,739 shares of the aerospace company's stock valued at $7,129,000 after acquiring an additional 5,214 shares in the last quarter. SG Americas Securities LLC raised its position in Lockheed Martin by 5.4% in the first quarter. SG Americas Securities LLC now owns 276,383 shares of the aerospace company's stock worth $167,043,000 after purchasing an additional 14,150 shares in the last quarter. Secured Retirement Advisors LLC lifted its stake in Lockheed Martin by 288.6% during the fourth quarter. Secured Retirement Advisors LLC now owns 3,128 shares of the aerospace company's stock worth $1,513,000 after purchasing an additional 2,323 shares during the period. Norris Financial Group LLC acquired a new stake in Lockheed Martin during the first quarter valued at approximately $2,321,000. Finally, Legal Advantage Investments Inc. acquired a new stake in Lockheed Martin during the first quarter valued at approximately $1,451,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Company Profile

Lockheed Martin Corporation NYSE: LMT is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin's product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.

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