BidaskClub downgraded shares of Lockheed Martin Corporation (NYSE:LMT) from a buy rating to a hold rating in a research report report published on Monday, July 31st.
Several other brokerages also recently commented on LMT. Jefferies Group LLC reaffirmed a hold rating and set a $240.00 target price on shares of Lockheed Martin Corporation in a report on Friday, July 14th. Royal Bank Of Canada reissued a hold rating on shares of Lockheed Martin Corporation in a research report on Thursday, July 20th. Stifel Nicolaus boosted their target price on Lockheed Martin Corporation from $290.00 to $300.00 and gave the company a buy rating in a research report on Wednesday, April 26th. Zacks Investment Research lowered Lockheed Martin Corporation from a buy rating to a hold rating in a research report on Monday, July 31st. Finally, Cowen and Company reaffirmed a hold rating and issued a $265.00 target price on shares of Lockheed Martin Corporation in a research report on Tuesday, April 25th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $289.39.
Lockheed Martin Corporation (NYSE LMT) traded down 0.65% on Monday, reaching $303.25. The company had a trading volume of 1,339,550 shares. The company has a market capitalization of $87.33 billion, a price-to-earnings ratio of 17.60 and a beta of 0.60. Lockheed Martin Corporation has a 12 month low of $228.50 and a 12 month high of $307.10. The company’s 50 day moving average price is $288.14 and its 200-day moving average price is $273.98.
Lockheed Martin Corporation (NYSE:LMT) last announced its earnings results on Tuesday, July 18th. The aerospace company reported $3.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.10 by $0.13. The firm had revenue of $12.69 billion for the quarter, compared to the consensus estimate of $12.43 billion. Lockheed Martin Corporation had a return on equity of 221.92% and a net margin of 10.37%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.32 EPS. On average, equities analysts predict that Lockheed Martin Corporation will post $12.63 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be issued a $1.82 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $7.28 annualized dividend and a yield of 2.40%. Lockheed Martin Corporation’s dividend payout ratio (DPR) is presently 42.52%.
In other Lockheed Martin Corporation news, SVP Maryanne Lavan sold 10,000 shares of the firm’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Marillyn A. Hewson sold 26,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The shares were 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.
About Lockheed Martin Corporation
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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