Media headlines about Lockheed Martin Corporation (NYSE:LMT) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. 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 Corporation earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned press coverage about the aerospace company an impact score of 46.0041641219402 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Lockheed Martin Corporation (LMT) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- Lockheed Martin Corporation (LMT) Expected to Announce Quarterly Sales of $12.83 Billion (americanbankingnews.com)
- Lockheed Martin shares hit a fresh record high on Thursday, company receives enhanced laser technology contract (binarytribune.com)
- Royal Bank Of Canada Reaffirms “Hold” Rating for Lockheed Martin Corporation (LMT) (campdesrecrues.com)
- Lockheed Martin Corporation (NYSE:LMT) Rating Reiterated by Argus (newstrendstoday.com)
A number of research analysts recently issued reports on the stock. BidaskClub cut shares of Lockheed Martin Corporation from a “buy” rating to a “hold” rating in a report on Monday. Zacks Investment Research cut shares of Lockheed Martin Corporation from a “buy” rating to a “hold” rating in a report on Monday. Royal Bank Of Canada restated a “hold” rating on shares of Lockheed Martin Corporation in a report on Thursday, July 20th. Stifel Nicolaus restated a “buy” rating and set a $320.00 price objective (up previously from $300.00) on shares of Lockheed Martin Corporation in a report on Wednesday, July 19th. Finally, Argus restated 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. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Lockheed Martin Corporation has an average rating of “Hold” and an average target price of $286.10.
Shares of Lockheed Martin Corporation (NYSE LMT) traded up 0.40% during mid-day trading on Friday, hitting $297.00. 796,367 shares of the stock were exchanged. Lockheed Martin Corporation has a 12-month low of $228.50 and a 12-month high of $297.00. The stock has a market capitalization of $85.53 billion, a P/E ratio of 17.23 and a beta of 0.60. The stock’s 50 day moving average price is $284.59 and its 200-day moving average price is $272.17.
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, beating the 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 business had revenue of $12.69 billion during the quarter, compared to the consensus estimate of $12.43 billion. During the same quarter last year, the firm posted $3.32 EPS. Lockheed Martin Corporation’s revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts expect that Lockheed Martin Corporation will post $12.65 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 1st will be given a $1.82 dividend. This represents a $7.28 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Wednesday, August 30th. Lockheed Martin Corporation’s payout ratio is currently 42.52%.
In related news, Chairman Marillyn A. Hewson sold 26,000 shares of Lockheed Martin Corporation stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $290.53, for a total value of $7,553,780.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 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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