Lockheed Martin (NYSE:LMT) Shares Down 0.9% – Time to Sell?

Lockheed Martin Co. (NYSE:LMT) shares fell 0.9% during trading on Monday . The stock traded as low as $519.30 and last traded at $521.56. 249,746 shares changed hands during trading, a decline of 77% from the average session volume of 1,071,744 shares. The stock had previously closed at $526.11.

Wall Street Analyst Weigh In

LMT has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft increased their price target on Lockheed Martin from $600.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Citigroup boosted their price target on shares of Lockheed Martin from $570.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. TD Cowen lifted their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. UBS Group upped their price target 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. Finally, Melius Research raised Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $611.00.

Lockheed Martin Trading Down 0.8 %

The company has a market cap of $123.70 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 4.32 and a beta of 0.49. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The firm has a fifty day moving average of $568.75 and a two-hundred day moving average of $529.80.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 EPS for the quarter, topping 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 business had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter last year, the company earned $6.77 EPS. The firm’s revenue was up 1.3% compared to the same quarter last year. As a group, sell-side analysts predict that Lockheed Martin Co. will post 26.94 EPS for the current year.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be given a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Monday, December 2nd. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.15. Lockheed Martin’s dividend payout ratio (DPR) is 45.62%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. First Hawaiian Bank boosted its holdings in shares of Lockheed Martin by 2.7% in the 2nd quarter. First Hawaiian Bank now owns 2,359 shares of the aerospace company’s stock worth $1,102,000 after purchasing an additional 63 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Lockheed Martin by 419.2% during the second quarter. Versant Capital Management Inc now owns 135 shares of the aerospace company’s stock worth $63,000 after acquiring an additional 109 shares in the last quarter. Bank & Trust Co bought a new stake in Lockheed Martin in the second quarter worth $82,000. Mather Group LLC. grew its stake in shares of Lockheed Martin by 65.8% during the second quarter. Mather Group LLC. now owns 1,774 shares of the aerospace company’s stock valued at $807,000 after buying an additional 704 shares during the last quarter. Finally, Fragasso Financial Advisors Inc increased its holdings in shares of Lockheed Martin by 6.0% in the second quarter. Fragasso Financial Advisors Inc now owns 491 shares of the aerospace company’s stock worth $229,000 after buying an additional 28 shares during the period. 74.19% of the stock is currently owned by institutional investors.

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.