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.

Lockheed Martin Stock Up 1.3 %

Lockheed Martin stock traded up $5.39 during trading hours on Friday, reaching $434.24. The stock had a trading volume of 978,009 shares, compared to its average volume of 1,357,148. The company has a market cap of $115.14 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 2.94 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. The business's 50 day moving average price is $417.43 and its 200-day moving average price is $426.79. Lockheed Martin has a 52 week low of $324.23 and a 52 week high of $479.99.

Lockheed Martin (NYSE:LMT - Get Rating) last announced 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 firm had revenue of $15.45 billion during 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 business's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.13 earnings per share. Sell-side analysts anticipate that Lockheed Martin will post 26.8 EPS for the current year.

Lockheed Martin Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Seaport Res Ptn reissued a "buy" rating on shares of Lockheed Martin in a research note on Tuesday, April 19th. Argus boosted their target price on shares of Lockheed Martin from $415.00 to $500.00 in a research note on Wednesday, April 20th. Wells Fargo & Company lowered their target price on shares of Lockheed Martin from $496.00 to $406.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 20th. Susquehanna lifted their price objective on Lockheed Martin from $515.00 to $539.00 in a report on Wednesday, April 20th. Finally, Susquehanna Bancshares lifted their price objective on Lockheed Martin from $515.00 to $539.00 in a report on Wednesday, April 20th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $448.00.

Insider Activity

In other news, EVP Gregory M. Ulmer sold 6,929 shares of the company'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 filing with the SEC, which is accessible through the SEC website. In other news, Director John Donovan bought 632 shares of the company's stock in a transaction that occurred on Wednesday, July 20th. The shares were purchased 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 directly owns 1,200 shares in the company, valued at $475,392. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Gregory M. Ulmer sold 6,929 shares of the company's stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $423.87, for a total value of $2,936,995.23. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company's stock.