BidaskClub upgraded shares of Lockheed Martin Corporation (NYSE:LMT) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.
A number of other analysts have also recently commented on LMT. Morgan Stanley assumed coverage on Lockheed Martin Corporation in a research report on Tuesday, August 8th. They set an overweight rating and a $342.00 price objective for the company. Zacks Investment Research upgraded Lockheed Martin Corporation from a hold rating to a buy rating and set a $325.00 price objective for the company in a research report on Thursday, July 27th. Argus reiterated a buy rating and set a $320.00 price objective (up previously from $100.00) on shares of Lockheed Martin Corporation in a research report on Wednesday, July 19th. They noted that the move was a valuation call. Royal Bank Of Canada reiterated a hold rating on shares of Lockheed Martin Corporation in a research report on Thursday, July 20th. Finally, Credit Suisse Group reiterated a neutral rating and set a $300.00 price objective (up previously from $280.00) on shares of Lockheed Martin Corporation in a research report on Wednesday, July 19th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Lockheed Martin Corporation has a consensus rating of Hold and a consensus target price of $289.39.
Lockheed Martin Corporation (LMT) traded up 0.16% during trading on Friday, hitting $303.75. 987,783 shares of the company traded hands. The firm has a market cap of $87.48 billion, a price-to-earnings ratio of 17.62 and a beta of 0.60. The company’s 50-day moving average is $288.81 and its 200 day moving average is $274.31. 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 data on Tuesday, July 18th. The aerospace company reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.13. The firm had revenue of $12.69 billion during the quarter, compared to analysts’ expectations of $12.43 billion. Lockheed Martin Corporation had a return on equity of 221.92% and a net margin of 10.37%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.32 EPS. On average, equities analysts anticipate that Lockheed Martin Corporation will post $12.63 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 1st will be issued a dividend of $1.82 per share. This represents a $7.28 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Wednesday, August 30th. Lockheed Martin Corporation’s payout ratio is currently 42.52%.
In other news, SVP Maryanne Lavan sold 10,000 shares of the business’s stock in a transaction dated Thursday, July 20th. The stock was 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 Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Marillyn A. Hewson sold 26,000 shares of the business’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $290.53, for a total value of $7,553,780.00. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by insiders.
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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