BidaskClub cut shares of Lockheed Martin Corporation (NYSE:LMT) from a buy rating to a hold rating in a research note published on Monday, July 31st.
Other analysts have also issued research reports about the stock. Royal Bank Of Canada reaffirmed a hold rating and set a $263.00 price objective on shares of Lockheed Martin Corporation in a report on Wednesday, July 12th. Credit Suisse Group reaffirmed a neutral rating and set a $300.00 price objective (up previously from $280.00) on shares of Lockheed Martin Corporation in a report on Wednesday, July 19th. Zacks Investment Research raised shares of Lockheed Martin Corporation from a sell rating to a hold rating and set a $323.00 price objective for the company in a report on Monday, July 17th. Argus reaffirmed a buy rating and set a $320.00 price objective (up previously from $100.00) on shares of Lockheed Martin Corporation in a report on Wednesday, July 19th. They noted that the move was a valuation call. Finally, Jefferies Group LLC reaffirmed a hold rating and set a $240.00 price objective on shares of Lockheed Martin Corporation in a report on Friday, July 14th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $289.39.
Lockheed Martin Corporation (NYSE LMT) traded up 0.16% during midday trading on Monday, hitting $303.75. The company had a trading volume of 987,783 shares. The stock has a 50 day moving average of $288.81 and a 200 day moving average of $274.31. The firm has a market cap of $87.48 billion, a price-to-earnings ratio of 17.62 and a beta of 0.60. Lockheed Martin Corporation has a 52-week low of $228.50 and a 52-week high of $307.10.
Lockheed Martin Corporation (NYSE:LMT) last posted its quarterly earnings results on Tuesday, July 18th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.10 by $0.13. Lockheed Martin Corporation had a net margin of 10.37% and a return on equity of 221.92%. The firm had revenue of $12.69 billion during the quarter, compared to analyst estimates of $12.43 billion. During the same quarter in the prior year, the business posted $3.32 earnings per share. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, analysts anticipate that Lockheed Martin Corporation will post $12.63 EPS for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 1st will be given a dividend of $1.82 per share. The ex-dividend date is Wednesday, August 30th. This represents a $7.28 dividend on an annualized basis and a dividend yield of 2.40%. Lockheed Martin Corporation’s dividend payout ratio is 42.52%.
In other news, SVP Maryanne Lavan sold 10,000 shares of Lockheed Martin Corporation stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $290.11, for a total transaction of $2,901,100.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Marillyn A. Hewson sold 26,000 shares of Lockheed Martin Corporation stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $290.53, for a total transaction of $7,553,780.00. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.
Lockheed Martin Corporation Company Profile
Lockheed Martin Corporation is a security and aerospace company. The Company operates through four segments. Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies.
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