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.
Analysts Set New Price Targets
LMT has been the subject of several recent analyst reports. Susquehanna raised their price objective on shares of Lockheed Martin from $515.00 to $539.00 in a research report on Wednesday, April 20th. Argus raised their price objective on shares of Lockheed Martin from $415.00 to $500.00 in a research report on Wednesday, April 20th. Seaport Res Ptn reissued a "buy" rating on shares of Lockheed Martin in a research report on Tuesday, April 19th. Wells Fargo & Company reduced their price target on shares of Lockheed Martin from $496.00 to $406.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 20th. Finally, Morgan Stanley reduced their price target on shares of Lockheed Martin from $525.00 to $522.00 and set an "overweight" rating for the company in a research report on Wednesday, July 20th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $448.00.
Lockheed Martin Price Performance
LMT opened at $428.85 on Friday. The company has a market capitalization of $113.71 billion, a price-to-earnings ratio of 24.82, a P/E/G ratio of 2.94 and a beta of 0.67. Lockheed Martin has a 1 year low of $324.23 and a 1 year high of $479.99. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.27 and a quick ratio of 1.06. The firm's fifty day moving average price is $417.85 and its two-hundred day moving average price is $426.08.
Lockheed Martin (NYSE:LMT - Get Rating) last released its earnings results on Tuesday, July 19th. The aerospace company reported $1.16 EPS 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 the consensus estimate of $16.02 billion. Lockheed Martin had a return on equity of 69.02% and a net margin of 7.33%. The company's revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $7.13 earnings per share. As a group, analysts anticipate that Lockheed Martin will post 26.8 earnings per share for the current fiscal year.
Lockheed Martin Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Thursday, September 1st will be paid a $2.80 dividend. This represents a $11.20 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Wednesday, August 31st. Lockheed Martin's dividend payout ratio is currently 64.81%.
Insider Activity at Lockheed Martin
In other news, Director John Donovan acquired 632 shares of the stock in a transaction that occurred on Wednesday, July 20th. The shares were acquired at an average cost of $396.16 per share, for a total transaction of $250,373.12. Following the purchase, the director now owns 1,200 shares of the company's stock, valued at approximately $475,392. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Gregory M. Ulmer sold 6,929 shares of the company's stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $423.87, for a total transaction of $2,936,995.23. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Donovan purchased 632 shares of the firm's stock in a transaction dated Wednesday, July 20th. The shares were bought at an average price of $396.16 per share, for a total transaction of $250,373.12. Following the completion of the transaction, 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 currently owned by company insiders.
