Lockheed Martin (NYSE:LMT) Stock Price Down 1.2% – Should You Sell?
by Scott Moore · The Cerbat GemLockheed Martin Corporation (NYSE:LMT – Get Free Report)’s stock price fell 1.2% during trading on Tuesday . The stock traded as low as $573.39 and last traded at $575.6470. 1,518,272 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 2,503,822 shares. The stock had previously closed at $582.43.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on LMT. Susquehanna reaffirmed a “positive” rating and set a $660.00 target price on shares of Lockheed Martin in a report on Thursday, January 15th. BNP Paribas upgraded Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, November 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Lockheed Martin in a research report on Wednesday, October 8th. Citigroup upped their price target on shares of Lockheed Martin from $505.00 to $592.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Finally, Robert W. Baird raised their target price on shares of Lockheed Martin from $550.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $543.82.
View Our Latest Stock Analysis on LMT
Lockheed Martin Trading Down 1.2%
The company has a market capitalization of $133.20 billion, a price-to-earnings ratio of 32.14, a P/E/G ratio of 1.66 and a beta of 0.24. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32. The business’s 50 day moving average price is $485.76 and its two-hundred day moving average price is $472.71.
Lockheed Martin (NYSE:LMT – Get Free Report) last announced its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, beating analysts’ consensus estimates of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The company had revenue of $18.61 billion during the quarter, compared to analysts’ expectations of $18.45 billion. During the same period in the prior year, the company earned $6.84 EPS. Lockheed Martin’s revenue was up 8.8% compared to the same quarter last year. On average, equities analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.
Insider Activity
In other news, COO John Frank A. St sold 7,792 shares of Lockheed Martin stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the transaction, the chief operating officer owned 1 shares in the company, valued at approximately $491.04. The trade was a 99.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.14% of the stock is owned by corporate insiders.
Institutional Trading of Lockheed Martin
A number of large investors have recently bought and sold shares of the business. United Financial Planning Group LLC acquired a new position in Lockheed Martin in the third quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC increased its stake in Lockheed Martin by 285.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 40 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in shares of Lockheed Martin during the third quarter valued at about $27,000. Mid American Wealth Advisory Group Inc. bought a new stake in Lockheed Martin during the 2nd quarter worth approximately $28,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in Lockheed Martin during the 2nd quarter worth approximately $29,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.
Lockheed Martin Company Profile
Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.
Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.