Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies. The Missiles and Fire Control segment provides air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support, and integration services; manned and unmanned ground vehicles; and energy management solutions. The Rotary and Mission Systems segment offers military and commercial helicopters, surface ships, sea and land-based missile defense systems, radar systems, sea and air-based mission and combat systems, command and control mission solutions, cyber solutions, and simulation and training solutions. The Space segment offers satellites; space transportation systems; strategic, advanced strike, and defensive missile systems; and classified systems and services in support of national security systems. This segment also provides network-enabled situational awareness and integrates space and ground-based systems to help its customers gather, analyze, and securely distribute critical intelligence data. It serves primarily serves the U.S. government, as well as foreign military sales contracted through the U.S. government. Lockheed Martin Corporation was founded in 1912 and is headquartered in Bethesda, Maryland.
Lockheed Martin Stock Performance
NYSE:LMT traded up $2.89 during trading on Monday, reaching $437.13. 15,516 shares of the company's stock were exchanged, compared to its average volume of 1,836,382. The business has a 50 day moving average price of $417.43 and a 200-day moving average price of $427.31. The stock has a market capitalization of $115.91 billion, a P/E ratio of 25.04, a PEG ratio of 2.98 and a beta of 0.67. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.27 and a quick ratio of 1.06. Lockheed Martin has a fifty-two week low of $324.23 and a fifty-two week high of $479.99.
Lockheed Martin (NYSE:LMT - Get Rating) last announced its quarterly earnings results on Tuesday, July 19th. The aerospace company reported $1.16 earnings per share for the quarter, missing analysts' consensus estimates of $6.39 by ($5.23). The business had revenue of $15.45 billion for the quarter, compared to analyst estimates of $16.02 billion. Lockheed Martin had a return on equity of 69.02% and a net margin of 7.33%. Lockheed Martin's quarterly revenue was down 9.3% compared to the same quarter last year. During the same period last year, the firm earned $7.13 EPS. Sell-side analysts forecast that Lockheed Martin will post 26.8 earnings per share for the current fiscal year.
Lockheed Martin Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Thursday, September 1st will be given a dividend of $2.80 per share. This represents a $11.20 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Wednesday, August 31st. Lockheed Martin's dividend payout ratio (DPR) is presently 64.81%.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Argus boosted their price target on Lockheed Martin from $415.00 to $500.00 in a report on Wednesday, April 20th. Susquehanna boosted their price target on Lockheed Martin from $515.00 to $539.00 in a report on Wednesday, April 20th. Susquehanna Bancshares boosted their price target on Lockheed Martin from $515.00 to $539.00 in a report on Wednesday, April 20th. Wells Fargo & Company dropped their target price on Lockheed Martin from $496.00 to $406.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 20th. Finally, Seaport Res Ptn reiterated a "buy" rating on shares of Lockheed Martin in a report on Tuesday, April 19th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $448.00.
Insider Activity
In other news, EVP Gregory M. Ulmer sold 6,929 shares of the company's stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $423.87, for a total value of $2,936,995.23. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Gregory M. Ulmer sold 6,929 shares of the company's stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $423.87, for a total value of $2,936,995.23. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John Donovan purchased 632 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, July 20th. The shares were bought at an average cost of $396.16 per share, for a total transaction of $250,373.12. Following the transaction, the director now directly owns 1,200 shares of the company's stock, valued at $475,392. The disclosure for this purchase can be found here. 0.17% of the stock is owned by company insiders.
