Lockheed Martin (NYSE:LMT) Shares Down 0.2% – Time to Sell?

Lockheed Martin Co. (NYSE:LMT)’s stock price traded down 0.2% during mid-day trading on Friday . The company traded as low as $467.00 and last traded at $467.69. 347,210 shares traded hands during trading, a decline of 66% from the average session volume of 1,006,954 shares. The stock had previously closed at $468.85.

Analysts Set New Price Targets

LMT has been the subject of several analyst reports. Royal Bank of Canada decreased their price objective on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Barclays dropped their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday. UBS Group raised their target price on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Robert W. Baird increased their price target on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Lockheed Martin from $560.00 to $630.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $591.21.

Lockheed Martin Trading Up 0.2 %

The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. The firm has a market cap of $111.36 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 4.05 and a beta of 0.48. The business has a fifty day simple moving average of $512.94 and a 200-day simple moving average of $534.43.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, topping analysts’ consensus estimates of $6.50 by $0.34. The firm had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.77 EPS. As a group, equities analysts forecast that Lockheed Martin Co. will post 26.88 earnings per share for the current fiscal year.

Institutional Trading of Lockheed Martin

Institutional investors have recently bought and sold shares of the company. Sage Capital Advisors llc increased its stake in shares of Lockheed Martin by 0.3% in the 4th quarter. Sage Capital Advisors llc now owns 10,039 shares of the aerospace company’s stock valued at $4,878,000 after acquiring an additional 32 shares in the last quarter. LVM Capital Management Ltd. MI grew its holdings in Lockheed Martin by 2.5% in the fourth quarter. LVM Capital Management Ltd. MI now owns 34,363 shares of the aerospace company’s stock worth $16,698,000 after purchasing an additional 832 shares during the period. Harbor Capital Advisors Inc. increased its stake in Lockheed Martin by 3.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 6,126 shares of the aerospace company’s stock valued at $2,977,000 after purchasing an additional 193 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Lockheed Martin by 0.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 163,150 shares of the aerospace company’s stock valued at $79,281,000 after purchasing an additional 973 shares during the period. Finally, ORG Partners LLC boosted its position in shares of Lockheed Martin by 1.1% during the 4th quarter. ORG Partners LLC now owns 3,030 shares of the aerospace company’s stock worth $1,479,000 after purchasing an additional 34 shares in the last quarter. Institutional investors 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.