Shares of Lockheed Martin Corporation (NYSE:LMT) have received an average recommendation of “Hold” from the nineteen analysts that are covering the company, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $279.16.
A number of brokerages have recently issued reports on LMT. Zacks Investment Research cut Lockheed Martin Corporation from a “buy” rating to a “hold” rating in a report on Thursday, April 27th. Cowen and Company restated a “hold” rating and set a $265.00 price objective on shares of Lockheed Martin Corporation in a report on Tuesday, April 25th. Jefferies Group LLC restated a “hold” rating and set a $240.00 price objective on shares of Lockheed Martin Corporation in a report on Monday, June 12th. BidaskClub cut Lockheed Martin Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Stifel Nicolaus boosted their price objective on Lockheed Martin Corporation from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th.
In other Lockheed Martin Corporation news, insider Richard F. Ambrose sold 9,316 shares of the company’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $271.11, for a total transaction of $2,525,660.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.39% of the stock is owned by corporate insiders.
Shares of Lockheed Martin Corporation (LMT) traded up 0.20% during mid-day trading on Monday, hitting $285.78. The company’s stock had a trading volume of 459,926 shares. The company has a market cap of $82.72 billion, a price-to-earnings ratio of 16.54 and a beta of 0.60. The company has a 50-day moving average of $278.05 and a 200 day moving average of $266.57. Lockheed Martin Corporation has a 1-year low of $228.50 and a 1-year high of $286.95.
Lockheed Martin Corporation (NYSE:LMT) last issued its quarterly earnings data on Tuesday, April 25th. The aerospace company reported $3.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.76 by $0.24. Lockheed Martin Corporation had a return on equity of 183.15% and a net margin of 10.49%. The company had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $11.22 billion. During the same quarter in the previous year, the company posted $2.91 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. On average, analysts expect that Lockheed Martin Corporation will post $12.52 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be paid a dividend of $1.82 per share. This represents a $7.28 annualized dividend and a yield of 2.55%. The ex-dividend date is Wednesday, August 30th. Lockheed Martin Corporation’s payout ratio is presently 42.30%.
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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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