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

Lockheed Martin Co. (NYSE:LMT - Get Free Report) was down 0.7% on Wednesday . The stock traded as low as $480.42 and last traded at $481.07. Approximately 217,769 shares traded hands during trading, a decline of 80% from the average daily volume of 1,072,015 shares. The stock had previously closed at $484.46.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on LMT shares. TD Cowen raised their target price on Lockheed Martin from $560.00 to $610.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Robert W. Baird raised their price objective on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their target price on Lockheed Martin from $560.00 to $630.00 and gave the company an "overweight" rating in a research report on Monday, October 14th. Barclays dropped their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and decreased their price target for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued 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 Price Performance

The stock has a market cap of $114.66 billion, a P/E ratio of 17.51, a P/E/G ratio of 4.05 and a beta of 0.48. The company's 50 day moving average price is $508.95 and its 200-day moving average price 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 announced its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $0.34. The business had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. Lockheed Martin's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the company earned $6.77 EPS. As a group, sell-side analysts expect that Lockheed Martin Co. will post 26.88 earnings per share for the current year.

Institutional Trading of Lockheed Martin

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LMT. Itau Unibanco Holding S.A. acquired a new stake in shares of Lockheed Martin during the third quarter worth $26,000. Burkett Financial Services LLC bought a new stake in Lockheed Martin in the third quarter worth approximately $32,000. Mattson Financial Services LLC acquired a new position in Lockheed Martin in the second quarter valued at approximately $27,000. Capital Performance Advisors LLP bought a new position in shares of Lockheed Martin during the 3rd quarter worth approximately $40,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $42,000. Institutional investors and hedge funds 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.