Lockheed Martin (NYSE:LMT) Trading Down 0.6% – Time to Sell?

Shares of Lockheed Martin Co. (NYSE:LMT) were down 0.6% on Thursday . The company traded as low as $493.98 and last traded at $496.58. Approximately 260,733 shares traded hands during trading, a decline of 77% from the average daily volume of 1,128,625 shares. The stock had previously closed at $499.34.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on LMT shares. JPMorgan Chase & Co. dropped their price target on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Royal Bank of Canada dropped their price target on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Susquehanna dropped their price target on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. StockNews.com lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Finally, TD Cowen boosted their price target on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $577.73.

Lockheed Martin Trading Down 0.6 %

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 market cap of $117.71 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 4.11 and a beta of 0.48. The company has a 50-day simple moving average of $500.84 and a 200 day simple moving average of $536.25.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share 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 the consensus estimate of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $6.77 EPS. As a group, sell-side analysts forecast that Lockheed Martin Co. will post 26.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Itau Unibanco Holding S.A. acquired a new position in Lockheed Martin in the 3rd quarter valued at $26,000. Burkett Financial Services LLC acquired a new position in Lockheed Martin in the 3rd quarter valued at $32,000. Mattson Financial Services LLC acquired a new position in Lockheed Martin in the 2nd quarter valued at $27,000. Capital Performance Advisors LLP purchased a new stake in Lockheed Martin in the 3rd quarter valued at $40,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Lockheed Martin in the 3rd quarter valued at $42,000. 74.19% of the stock is owned by institutional investors and hedge funds.

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.