Lockheed Martin (NYSE:LMT) Shares Gap Down – Here’s What Happened

Lockheed Martin Co. (NYSE:LMTGet Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $503.69, but opened at $473.70. Lockheed Martin shares last traded at $463.21, with a volume of 498,951 shares changing hands.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LMT shares. JPMorgan Chase & Co. decreased their price objective on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. TD Cowen lifted their price target on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and reduced their price target for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. Royal Bank of Canada reduced their price target on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Finally, Susquehanna reduced their price target on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Lockheed Martin presently has an average rating of “Moderate Buy” and an average target price of $577.73.

View Our Latest Research Report on LMT

Lockheed Martin Trading Down 7.4 %

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 business’s 50-day moving average price is $498.68 and its two-hundred day moving average price is $537.59. The company has a market capitalization of $110.54 billion, a price-to-earnings ratio of 16.88, a P/E/G ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMTGet Free Report) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. Research analysts predict that Lockheed Martin Co. will post 26.89 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new position in Lockheed Martin during the third quarter valued at approximately $26,000. Burkett Financial Services LLC acquired a new position in Lockheed Martin during the third quarter valued at approximately $32,000. Mattson Financial Services LLC acquired a new position in Lockheed Martin during the second quarter valued at approximately $27,000. Capital Performance Advisors LLP acquired a new position in Lockheed Martin during the third quarter valued at approximately $40,000. Finally, Heck Capital Advisors LLC acquired a new position in Lockheed Martin during the fourth quarter valued at approximately $35,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

About Lockheed Martin

(Get Free Report)

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.

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