Lockheed Martin (NYSE:LMT) Stock Price Down 0.2% - Should You Sell?

Shares of Lockheed Martin Co. (NYSE:LMT - Get Free Report) dropped 0.2% during mid-day trading on Tuesday . The stock traded as low as $479.48 and last traded at $482.20. Approximately 256,396 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 1,066,855 shares. The stock had previously closed at $483.16.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Royal Bank of Canada lowered their price objective on Lockheed Martin from $675.00 to $665.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 23rd. Wells Fargo & Company cut their price objective on shares of Lockheed Martin from $543.00 to $500.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 8th. Susquehanna decreased their target price on shares of Lockheed Martin from $695.00 to $590.00 and set a "positive" rating on the stock in a report on Wednesday, January 8th. Citigroup upped their price target on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Finally, UBS Group boosted their price objective on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $590.40.

Lockheed Martin Trading Up 0.2 %

The company has a market cap of $114.74 billion, a P/E ratio of 17.53, a PEG ratio of 4.05 and a beta of 0.48. The firm's 50 day moving average is $508.95 and its two-hundred day moving average is $535.59. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating the consensus estimate of $6.50 by $0.34. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The company had revenue of $17.10 billion during the quarter, compared to analysts' expectations of $17.38 billion. During the same quarter in the prior year, the firm posted $6.77 earnings per share. The business's quarterly revenue was up 1.3% on a year-over-year basis. As a group, equities research analysts anticipate that Lockheed Martin Co. will post 26.88 EPS for the current year.

Institutional Trading of Lockheed Martin

Large investors have recently bought and sold shares of the business. International Assets Investment Management LLC lifted its stake in shares of Lockheed Martin by 60,592.0% in the third quarter. International Assets Investment Management LLC now owns 1,559,178 shares of the aerospace company's stock valued at $911,433,000 after buying an additional 1,556,609 shares in the last quarter. Wulff Hansen & CO. lifted its position in Lockheed Martin by 56,626.7% in the 2nd quarter. Wulff Hansen & CO. now owns 1,021,081 shares of the aerospace company's stock valued at $476,947,000 after acquiring an additional 1,019,281 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in Lockheed Martin by 124.0% during the 3rd quarter. Los Angeles Capital Management LLC now owns 450,870 shares of the aerospace company's stock valued at $263,561,000 after purchasing an additional 249,591 shares during the last quarter. Wellington Management Group LLP increased its holdings in Lockheed Martin by 8.5% during the 3rd quarter. Wellington Management Group LLP now owns 3,074,855 shares of the aerospace company's stock worth $1,797,437,000 after purchasing an additional 240,306 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Lockheed Martin by 6.6% in the third quarter. FMR LLC now owns 3,389,025 shares of the aerospace company's stock worth $1,981,088,000 after purchasing an additional 209,591 shares during the last quarter. 74.19% of the stock is currently 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.