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 Price Performance
LMT opened at $441.59 on Thursday. The firm's fifty day moving average price is $416.97 and its two-hundred day moving average price is $427.81. The company has a market capitalization of $117.09 billion, a price-to-earnings ratio of 25.55, a P/E/G ratio of 3.00 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 1 year low of $324.23 and a 1 year high of $479.99.
Lockheed Martin (NYSE:LMT - Get Rating) last issued its quarterly earnings data on Tuesday, July 19th. The aerospace company reported $1.16 earnings per share (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 during the quarter, compared to the consensus estimate of $16.02 billion. During the same period in the previous year, the company posted $7.13 earnings per share. The company's revenue for the quarter was down 9.3% on a year-over-year basis. 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Thursday, September 1st will be given a $2.80 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $11.20 annualized dividend and a yield of 2.54%. Lockheed Martin's dividend payout ratio is currently 64.81%.
Analysts Set New Price Targets
Several analysts have recently weighed in on LMT shares. Morgan Stanley lowered their price objective on shares of Lockheed Martin from $525.00 to $522.00 and set an "overweight" rating for the company in a research note on Wednesday, July 20th. Susquehanna Bancshares increased their price objective on shares of Lockheed Martin from $515.00 to $539.00 in a research report on Wednesday, April 20th. Argus boosted their target price on Lockheed Martin from $415.00 to $500.00 in a research report on Wednesday, April 20th. 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 report on Wednesday, July 20th. Finally, Susquehanna boosted their price objective on Lockheed Martin from $515.00 to $539.00 in a report on Wednesday, April 20th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $448.00.
Insider Buying and Selling at Lockheed Martin
In related news, Director John Donovan purchased 632 shares of the business's stock in a transaction that occurred on Wednesday, July 20th. The shares were bought at an average cost of $396.16 per share, with a total value of $250,373.12. Following the acquisition, the director now owns 1,200 shares of the company's stock, valued at $475,392. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related 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 bought 632 shares of the firm's stock in a transaction on Wednesday, July 20th. The stock was purchased at an average cost of $396.16 per share, with a total value of $250,373.12. Following the completion of 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. Corporate insiders own 0.17% of the company's stock.
