Headlines about Lockheed Martin Corporation (NYSE:LMT) have been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lockheed Martin Corporation earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the aerospace company an impact score of 45.7164667140345 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern’s analysis:
- An Easy Way to Explore How Changes in U.S. Federal Spending Affect a Contractor (finance.yahoo.com)
- [$$] In a World of Danger, Lockheed Looks Like Safe Bet (finance.yahoo.com)
- Defense Stock Roundup: Lockheed, Boeing Score Big Wins – Nasdaq (nasdaq.com)
- Lockheed CEO Marillyn Hewson was committed to remaining on Trump’s manufacturing council before it folded – Washington Business Journal (bizjournals.com)
- Raytheon-Lockheed Martin JV Wins $134M Army Deal for Javelin – Nasdaq (nasdaq.com)
Shares of Lockheed Martin Corporation (NYSE:LMT) traded down 0.74% on Friday, hitting $299.20. The company had a trading volume of 1,204,704 shares. The company has a market cap of $86.17 billion, a price-to-earnings ratio of 17.36 and a beta of 0.60. The company has a 50 day moving average of $292.39 and a 200-day moving average of $276.13. Lockheed Martin Corporation has a 12-month low of $228.50 and a 12-month high of $308.48.
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 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 net margin of 10.37% and a return on equity of 221.92%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $3.32 EPS. On average, analysts forecast that Lockheed Martin Corporation will post $12.64 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 1st will be issued a $1.82 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $7.28 annualized dividend and a yield of 2.43%. Lockheed Martin Corporation’s dividend payout ratio (DPR) is presently 42.52%.
LMT has been the topic of a number of recent research reports. BidaskClub raised Lockheed Martin Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Stifel Nicolaus upped their target price on Lockheed Martin Corporation from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. Argus reaffirmed a “buy” rating and issued a $320.00 target price (up previously from $100.00) on shares of Lockheed Martin Corporation in a research note on Wednesday, July 19th. They noted that the move was a valuation call. Zacks Investment Research raised Lockheed Martin Corporation from a “hold” rating to a “buy” rating and set a $325.00 target price on the stock in a research note on Thursday, July 27th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $265.00 target price on shares of Lockheed Martin Corporation in a research note on Tuesday, April 25th. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Lockheed Martin Corporation presently has a consensus rating of “Hold” and an average price target of $291.15.
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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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Maryanne Lavan sold 10,000 shares of Lockheed Martin Corporation stock in a transaction on Thursday, July 20th. The stock was 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. Insiders sold a total of 45,220 shares of company stock worth $13,293,563 in the last quarter. 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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