Positive News Coverage Somewhat Unlikely to Impact Lockheed Martin (LMT) Stock Price

Media coverage about Lockheed Martin (NYSE:LMT) has trended positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Lockheed Martin earned a coverage optimism score of 0.28 on Accern’s scale. Accern also gave media coverage about the aerospace company an impact score of 45.7537174993434 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the headlines that may have effected Accern’s scoring:

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A number of equities research analysts have recently issued reports on the stock. Wells Fargo upped their target price on shares of Lockheed Martin from $340.00 to $355.00 and gave the company a “market perform” rating in a research note on Tuesday, January 30th. Sanford C. Bernstein restated a “market perform” rating and issued a $392.00 target price (up previously from $343.00) on shares of Lockheed Martin in a research note on Tuesday, January 30th. Royal Bank of Canada restated a “hold” rating on shares of Lockheed Martin in a research note on Tuesday, January 30th. Credit Suisse Group upped their target price on shares of Lockheed Martin from $308.00 to $380.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. Finally, Stifel Nicolaus upped their target price on shares of Lockheed Martin from $345.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $375.40.

LMT stock traded down $0.13 on Wednesday, reaching $335.47. 1,270,476 shares of the company traded hands, compared to its average volume of 1,616,903. The firm has a market capitalization of $95,737.61, a price-to-earnings ratio of 49.12, a price-to-earnings-growth ratio of 2.95 and a beta of 0.72. Lockheed Martin has a 52-week low of $264.04 and a 52-week high of $363.00. The company has a current ratio of 1.38, a quick ratio of 1.03 and a debt-to-equity ratio of -22.19.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Monday, January 29th. The aerospace company reported $4.30 earnings per share for the quarter, topping the consensus estimate of $4.06 by $0.24. The firm had revenue of $15.14 billion for the quarter, compared to analyst estimates of $14.72 billion. Lockheed Martin had a net margin of 3.92% and a return on equity of 354.55%. Lockheed Martin’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.25 earnings per share. equities analysts anticipate that Lockheed Martin will post 15.52 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Thursday, March 1st will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $8.00 annualized dividend and a yield of 2.38%. Lockheed Martin’s dividend payout ratio (DPR) is 117.13%.

In other Lockheed Martin news, insider Richard F. Ambrose sold 7,517 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $357.89, for a total value of $2,690,259.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Marillyn A. Hewson sold 19,000 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $346.74, for a total transaction of $6,588,060.00. Following the completion of the transaction, the chairman now owns 80,478 shares of the company’s stock, valued at approximately $27,904,941.72. The disclosure for this sale can be found here. 0.39% of the stock is owned by corporate insiders.

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Lockheed Martin 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.

Insider Buying and Selling by Quarter for Lockheed Martin (NYSE:LMT)

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