Understanding LMT's Price Drop Today

After this evening's -1.8% drop to $487.84 per share, Lockheed Martin might just keep moving past its target price of $491.38. With an average analyst rating of hold, and target prices from $349.0 to $575.0, the stock's next move is anyone's guess.

The stock has a very low short interest at 1.3%, and a short ratio of 2.22. At 0.07%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation. Finally, we also note that an average number of institutional investors are invested in the stock, with 78.2% of Lockheed Martin's shares being owned by this investor type.

Institutions Invested in Lockheed Martin

Date Reported Holder Percentage Shares Value
2022-12-31 State Street Corporation 15% 37,795,804 $18,438,304,884
2022-12-31 Vanguard Group, Inc. (The) 9% 22,748,440 $11,097,598,886
2022-12-31 Blackrock Inc. 7% 17,834,881 $8,700,568,281
2022-12-31 Capital World Investors 4% 10,874,833 $5,305,178,490
2022-12-31 FMR, LLC 3% 7,253,447 $3,538,521,557
2022-12-31 Charles Schwab Investment Management, Inc. 2% 5,849,054 $2,853,402,481
2022-12-31 Bank of America Corporation 2% 5,673,046 $2,767,538,739
2022-12-31 Morgan Stanley 2% 5,320,080 $2,595,347,807
2022-12-31 Geode Capital Management, LLC 2% 4,387,684 $2,140,487,746
2022-12-31 Capital Research Global Investors 1% 3,428,975 $1,672,791,151

Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Lockheed Martin.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.