Lockheed Martin - LMT Stock Forecast, Price & News

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.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on LMT shares. Susquehanna boosted their price target on shares of Lockheed Martin from $515.00 to $539.00 in a research note on Wednesday, April 20th. Seaport Res Ptn reiterated a "buy" rating on shares of Lockheed Martin in a research note on Tuesday, April 19th. Susquehanna Bancshares boosted their price target on shares of Lockheed Martin from $515.00 to $539.00 in a research note on Wednesday, April 20th. Morgan Stanley dropped their price target on shares of Lockheed Martin from $525.00 to $522.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 20th. Finally, Wells Fargo & Company dropped their price target on shares of Lockheed Martin from $496.00 to $406.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 20th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $448.00.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock traded up $5.39 during trading hours on Friday, reaching $434.24. The company's stock had a trading volume of 968,826 shares, compared to its average volume of 1,836,375. The company's 50 day simple moving average is $417.60 and its 200 day simple moving average is $426.46. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.06 and a current ratio of 1.27. Lockheed Martin has a one year low of $324.23 and a one year high of $479.99. The stock has a market cap of $115.14 billion, a P/E ratio of 24.77, a price-to-earnings-growth ratio of 2.95 and a beta of 0.67.

Lockheed Martin (NYSE:LMT - Get Rating) last released its quarterly earnings data 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 firm had revenue of $15.45 billion during 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%. The firm's revenue was down 9.3% on a year-over-year basis. During the same period last year, the business earned $7.13 EPS. As a group, analysts expect that Lockheed Martin will post 26.8 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Thursday, September 1st will be paid a dividend of $2.80 per share. The ex-dividend date is Wednesday, August 31st. This represents a $11.20 annualized dividend and a yield of 2.58%. Lockheed Martin's payout ratio is 64.81%.

Insider Buying and Selling at Lockheed Martin

In other news, EVP Gregory M. Ulmer sold 6,929 shares of the firm's stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $423.87, for a total transaction of $2,936,995.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Gregory M. Ulmer sold 6,929 shares of the firm's stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $423.87, for a total transaction of $2,936,995.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Donovan bought 632 shares of the firm's stock in a transaction on Wednesday, July 20th. The stock was purchased at an average price of $396.16 per share, with a total value of $250,373.12. Following the completion of the acquisition, the director now 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 corporate insiders.