Lockheed Martin (NYSE:LMT) Stock Price Down 0.4% – Should You Sell?

Lockheed Martin Co. (NYSE:LMT) shares were down 0.4% on Thursday . The stock traded as low as $465.56 and last traded at $468.53. Approximately 168,868 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 1,101,887 shares. The stock had previously closed at $470.55.

Analyst Ratings Changes

Several analysts recently commented on the company. Morgan Stanley dropped their price objective on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. StockNews.com cut Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Royal Bank of Canada dropped their target price on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. Citigroup lowered their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Finally, Truist Financial initiated coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Moderate Buy” and an average price target of $554.20.

Lockheed Martin Trading Down 5.7 %

The business has a fifty day moving average of $460.94 and a 200-day moving average of $515.23. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The company has a market capitalization of $103.63 billion, a P/E ratio of 19.78, a PEG ratio of 2.07 and a beta of 0.43.

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

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders 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 yield of 3.00%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is 59.30%.

Insider Activity

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the transaction, the vice president now owns 2,278 shares in the company, valued at $1,008,265.58. This represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 2,000 shares in the company, valued at $884,840. This trade represents a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,133 shares of company stock worth $3,155,916 over the last quarter. Insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On Lockheed Martin

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Itau Unibanco Holding S.A. purchased a new stake in shares of Lockheed Martin in the 3rd quarter valued at about $26,000. Millstone Evans Group LLC bought a new position in shares of Lockheed Martin in the fourth quarter worth approximately $32,000. Mizuho Securities Co. Ltd. purchased a new stake in Lockheed Martin in the fourth quarter valued at approximately $34,000. Heck Capital Advisors LLC bought a new stake in Lockheed Martin during the fourth quarter valued at approximately $35,000. Finally, Redwood Park Advisors LLC purchased a new position in Lockheed Martin in the 4th quarter worth approximately $40,000. Hedge funds and other 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.