Lockheed Martin (NYSE:LMT) Trading Down 0.2% – Here’s Why

Shares of Lockheed Martin Co. (NYSE:LMT) traded down 0.2% during trading on Tuesday . The company traded as low as $479.48 and last traded at $482.20. 256,396 shares were traded during mid-day trading, a decline of 76% from the average session volume of 1,066,855 shares. The stock had previously closed at $483.16.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LMT. Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price target for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. Wells Fargo & Company dropped their target price on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. Citigroup boosted their price target on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Robert W. Baird upped their price target on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Finally, UBS Group lifted their price objective 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. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Lockheed Martin presently has an average rating of “Moderate Buy” and a consensus price target of $584.40.

Lockheed Martin Stock Performance

The stock has a market cap of $115.32 billion, a P/E ratio of 17.61, a PEG ratio of 3.76 and a beta of 0.48. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The company has a fifty day moving average of $507.59 and a 200 day moving average of $535.22.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $0.34. The company had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the firm earned $6.77 EPS. On average, equities analysts predict that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lockheed Martin

Several large investors have recently made changes to their positions in LMT. Itau Unibanco Holding S.A. acquired a new stake in Lockheed Martin during the third quarter valued at approximately $26,000. Mattson Financial Services LLC acquired a new stake in shares of Lockheed Martin during the 2nd quarter valued at $27,000. Burkett Financial Services LLC bought a new stake in shares of Lockheed Martin during the 3rd quarter worth $32,000. Capital Performance Advisors LLP acquired a new position in shares of Lockheed Martin in the 3rd quarter worth $40,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Lockheed Martin during the third quarter worth $42,000. 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.