Lockheed Martin (NYSE:LMT) Shares Down 1% - Should You Sell?

Lockheed Martin Co. (NYSE:LMT - Get Free Report) traded down 1% during trading on Monday . The stock traded as low as $556.03 and last traded at $556.68. 266,214 shares changed hands during trading, a decline of 75% from the average session volume of 1,051,221 shares. The stock had previously closed at $562.29.

Wall Street Analyst Weigh In

LMT has been the topic of several recent analyst reports. StockNews.com lowered Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, October 23rd. TD Cowen boosted their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Melius upgraded shares of Lockheed Martin from a "hold" rating to a "buy" rating and set a $704.00 price objective on the stock in a report on Tuesday, September 3rd. Morgan Stanley raised their target price on Lockheed Martin from $503.00 to $599.00 and gave the company an "equal weight" rating in a research note on Friday, August 9th. Finally, Robert W. Baird boosted their target price on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $606.71.

Lockheed Martin Trading Down 1.3 %

The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.07 and a current ratio of 1.30. The firm has a market capitalization of $133.21 billion, a P/E ratio of 20.31, a PEG ratio of 4.62 and a beta of 0.47. The firm has a 50 day simple moving average of $580.01 and a two-hundred day simple moving average of $516.25.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share for the quarter, beating analysts' consensus estimates of $6.50 by $0.34. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. The company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.38 billion. The firm's revenue was up 1.3% on a year-over-year basis. During the same period last year, the firm earned $6.77 earnings per share. Equities research analysts forecast that Lockheed Martin Co. will post 26.65 earnings per share for the current year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.38%. This is an increase from Lockheed Martin's previous quarterly dividend of $3.15. The ex-dividend date of this dividend is Monday, December 2nd. Lockheed Martin's dividend payout ratio (DPR) is presently 48.30%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LMT. International Assets Investment Management LLC grew its position in Lockheed Martin by 60,592.0% during 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 during the period. Wulff Hansen & CO. grew its position in shares of Lockheed Martin by 56,626.7% during 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 during the period. Van ECK Associates Corp increased its stake in shares of Lockheed Martin by 1,075.2% during the 1st quarter. Van ECK Associates Corp now owns 481,106 shares of the aerospace company's stock worth $218,841,000 after purchasing an additional 440,169 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Lockheed Martin by 29.7% during the 1st quarter. Capital Research Global Investors now owns 953,285 shares of the aerospace company's stock worth $433,621,000 after purchasing an additional 218,506 shares during the last quarter. Finally, National Bank of Canada FI raised its holdings in shares of Lockheed Martin by 219.3% in the 1st quarter. National Bank of Canada FI now owns 318,107 shares of the aerospace company's stock worth $149,138,000 after purchasing an additional 218,466 shares during the period. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Company Profile

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.