Lockheed Martin (NYSE:LMT) Shares Down 0.7% - Should You Sell?

Lockheed Martin Co. (NYSE:LMT - Get Free Report)'s share price dropped 0.7% during trading on Wednesday . The company traded as low as $444.89 and last traded at $446.36. Approximately 202,305 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 1,357,633 shares. The stock had previously closed at $449.36.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Truist Financial assumed coverage on Lockheed Martin in a research note on Tuesday, January 14th. They set a "buy" rating and a $579.00 price target on the stock. UBS Group dropped their price target on Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. Barclays dropped their price target on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating on the stock in a research note on Monday, January 6th. TD Cowen boosted their price target on Lockheed Martin from $560.00 to $610.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. dropped their price target on Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $555.60.

Lockheed Martin Trading Down 2.7 %

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 company has a 50-day simple moving average of $477.08 and a 200 day simple moving average of $532.86. The firm has a market cap of $99.60 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 2.12 and a beta of 0.48.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping 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%. As a group, sell-side analysts forecast that Lockheed Martin Co. will post 27.14 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Monday, March 3rd. Lockheed Martin's payout ratio is 59.30%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in LMT. Itau Unibanco Holding S.A. acquired a new position in shares of Lockheed Martin during the 3rd quarter worth approximately $26,000. Millstone Evans Group LLC acquired a new position in shares of Lockheed Martin during the 4th quarter worth approximately $32,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Lockheed Martin during the 4th quarter worth approximately $34,000. Heck Capital Advisors LLC acquired a new position in shares of Lockheed Martin during the 4th quarter worth approximately $35,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Lockheed Martin during the 3rd quarter worth approximately $40,000. 74.19% of the stock is owned by institutional investors and hedge funds.

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.