LMT Stock Plummets – What's Causing the Drop?

Lockheed Martin stock is trading -10.5% below its average target price of $491.25 after dropping -4.2% during today's morning session. Analysts are giving the large-cap Defense company an average rating of hold and target prices ranging from $380.0 to $550.0 per share.

Lockheed Martin's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.1%. The stock's short ratio is 2.03. At 0.07%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation.

Another number to watch is the company's rate of institutional share ownership, which now stands at 74.8%. In conclusion, we believe there is mixed market sentiment regarding Lockheed Martin.

Institutions Invested in Lockheed Martin

Date Reported Holder Percentage Shares Value
2023-09-30 State Street Corporation 15% 37,470,687 $16,474,737,456
2023-09-30 Vanguard Group Inc 9% 22,302,719 $9,805,836,762
2023-09-30 Blackrock Inc. 7% 16,819,274 $7,394,930,425
2023-09-30 Capital World Investors 2% 5,935,372 $2,609,605,086
2023-09-30 Charles Schwab Investment Management, Inc. 2% 5,686,937 $2,500,375,667
2023-09-30 FMR, LLC 2% 5,328,058 $2,342,587,332
2023-09-30 Morgan Stanley 2% 5,058,236 $2,223,954,690
2023-09-30 Geode Capital Management, LLC 2% 4,524,768 $1,989,404,807
2023-09-30 Bank of America Corporation 1% 3,274,141 $1,439,541,617
2023-09-30 Wellington Management Group, LLP 1% 3,158,783 $1,388,822,164
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.