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.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Morgan Stanley decreased their target price on Lockheed Martin from $525.00 to $522.00 and set an "overweight" rating for the company in a research report on Wednesday, July 20th. Seaport Res Ptn reiterated a "buy" rating on shares of Lockheed Martin in a research report on Tuesday, April 19th. Argus raised their price target on Lockheed Martin from $415.00 to $500.00 in a research note on Wednesday, April 20th. Susquehanna raised their price target on Lockheed Martin from $515.00 to $539.00 in a research note on Wednesday, April 20th. Finally, Wells Fargo & Company cut their price target on 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 investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $448.00.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $428.55 on Wednesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.06 and a current ratio of 1.27. The company has a market cap of $113.63 billion, a PE ratio of 24.80, a P/E/G ratio of 2.92 and a beta of 0.67. The business has a 50-day simple moving average of $418.03 and a two-hundred day simple moving average of $426.05. 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 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). Lockheed Martin had a return on equity of 69.02% and a net margin of 7.33%. The firm had revenue of $15.45 billion for the quarter, compared to analyst estimates of $16.02 billion. During the same period last year, the firm earned $7.13 EPS. The company's revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, equities analysts expect that Lockheed Martin will post 26.8 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Thursday, September 1st will be issued a dividend of $2.80 per share. This represents a $11.20 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Wednesday, August 31st. Lockheed Martin's dividend payout ratio (DPR) is 64.81%.

Insider Buying and Selling

In related news, EVP Gregory M. Ulmer sold 6,929 shares of Lockheed Martin 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 transaction was disclosed in a filing 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 company's stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John Donovan purchased 632 shares of the firm's stock in a transaction dated Wednesday, July 20th. The stock was 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 in the company, valued at $475,392. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company's stock.