Lockheed Martin (NYSE:LMT) Trading Down 2.2% – Here’s Why

Lockheed Martin Co. (NYSE:LMT)’s stock price fell 2.2% during trading on Tuesday . The stock traded as low as $466.54 and last traded at $468.70. 479,333 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 1,116,014 shares. The stock had previously closed at $479.17.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Citigroup cut their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Susquehanna decreased their price target on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and cut their price objective for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. Morgan Stanley decreased their target price on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Finally, Barclays cut their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $554.20.

Lockheed Martin Trading Up 1.4 %

The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The company has a market cap of $110.14 billion, a price-to-earnings ratio of 21.02, a P/E/G ratio of 2.07 and a beta of 0.43. The company’s fifty day moving average is $461.97 and its two-hundred day moving average is $519.79.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, research analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.82%. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Insider Activity at Lockheed Martin

In other news, VP Harry Edward Paul III sold 707 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the sale, the vice president now directly owns 2,278 shares in the company, valued at $1,008,265.58. The trade was a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total value of $1,421,495.46. Following the transaction, the insider now owns 2,000 shares in the company, valued at $884,840. This trade represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,133 shares of company stock worth $3,155,916. 0.17% of the stock is owned by corporate insiders.

Institutional Trading of Lockheed Martin

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Assetmark Inc. grew its stake in Lockheed Martin by 1.3% during the 3rd quarter. Assetmark Inc. now owns 1,470 shares of the aerospace company’s stock valued at $859,000 after acquiring an additional 19 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Lockheed Martin in the 3rd quarter valued at $780,000. Rakuten Securities Inc. increased its stake in shares of Lockheed Martin by 81.2% in the 3rd quarter. Rakuten Securities Inc. now owns 183 shares of the aerospace company’s stock worth $107,000 after acquiring an additional 82 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in shares of Lockheed Martin by 2.4% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 3,789 shares of the aerospace company’s stock worth $2,215,000 after acquiring an additional 87 shares during the period. Finally, Savvy Advisors Inc. boosted its position in shares of Lockheed Martin by 31.4% during the 3rd quarter. Savvy Advisors Inc. now owns 870 shares of the aerospace company’s stock valued at $509,000 after acquiring an additional 208 shares during the last quarter. Hedge funds and other institutional investors 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.