Lockheed Martin (NYSE:LMT) Shares Down 1.7% – Should You Sell?

Lockheed Martin Co. (NYSE:LMT) was down 1.7% during trading on Monday . The company traded as low as $424.30 and last traded at $432.11. Approximately 1,119,906 shares were traded during trading, a decline of 1% from the average daily volume of 1,131,284 shares. The stock had previously closed at $439.70.

Wall Street Analyst Weigh In

LMT has been the topic of several analyst reports. UBS Group lowered their price target on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Truist Financial assumed coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price objective for the company. Citigroup lowered their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. StockNews.com lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price objective for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin has an average rating of “Hold” and an average price target of $544.20.

Lockheed Martin Trading Down 1.7 %

The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The business has a 50 day moving average of $460.94 and a 200-day moving average of $514.45. The firm has a market capitalization of $101.79 billion, a P/E ratio of 19.42, a PEG ratio of 2.07 and a beta of 0.43.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is currently 59.30%.

Insider Buying and Selling

In other news, VP Harry Edward Paul III sold 707 shares of the stock in a transaction that occurred 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 transaction, the vice president now directly owns 2,278 shares of the company’s stock, valued at $1,008,265.58. This represents a 23.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total transaction 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,133 shares of company stock worth $3,155,916. 0.17% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lockheed Martin

Several large investors have recently added to or reduced their stakes in LMT. Nwam LLC bought a new position in Lockheed Martin in the 3rd quarter worth approximately $812,000. Cerity Partners LLC boosted its holdings in shares of Lockheed Martin by 6.2% in the third quarter. Cerity Partners LLC now owns 138,011 shares of the aerospace company’s stock worth $80,676,000 after acquiring an additional 8,103 shares during the period. Lane & Associates LLC purchased a new position in shares of Lockheed Martin in the third quarter valued at $205,000. Sompo Asset Management Co. Ltd. lifted its holdings in Lockheed Martin by 9.1% during the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 2,870 shares of the aerospace company’s stock worth $1,678,000 after purchasing an additional 240 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in Lockheed Martin by 42.9% in the 3rd quarter. Larson Financial Group LLC now owns 630 shares of the aerospace company’s stock worth $368,000 after purchasing an additional 189 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

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.