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 Analysts Forecast Growth

A number of analysts recently issued reports on the company. Susquehanna raised their price target on Lockheed Martin from $515.00 to $539.00 in a research report on Wednesday, April 20th. Argus lifted their target price on Lockheed Martin from $415.00 to $500.00 in a research report on Wednesday, April 20th. Susquehanna Bancshares lifted their target price on Lockheed Martin from $515.00 to $539.00 in a research report on Wednesday, April 20th. 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. Finally, Wells Fargo & Company decreased their target price on 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. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $448.00.

Lockheed Martin Price Performance

LMT opened at $423.86 on Tuesday. The business's 50-day moving average is $418.26 and its two-hundred day moving average is $426.03. 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 has a market capitalization of $112.39 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 2.92 and a beta of 0.67.

Lockheed Martin (NYSE:LMT - Get Rating) last posted its earnings results on Tuesday, July 19th. The aerospace company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.39 by ($5.23). Lockheed Martin had a net margin of 7.33% and a return on equity of 69.02%. The company had revenue of $15.45 billion during the quarter, compared to analysts' expectations of $16.02 billion. During the same quarter last year, the firm earned $7.13 EPS. Lockheed Martin's revenue for the quarter was down 9.3% on a year-over-year basis. Research 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 declared a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Thursday, September 1st will be paid a dividend of $2.80 per share. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $11.20 dividend on an annualized basis and a dividend yield of 2.64%. Lockheed Martin's payout ratio is 64.81%.

Insider Transactions at Lockheed Martin

In other news, EVP Gregory M. Ulmer sold 6,929 shares of the business'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 document filed with the SEC, which is accessible through this hyperlink. In other Lockheed Martin news, Director John Donovan purchased 632 shares of the company's stock in a transaction dated Wednesday, July 20th. The shares were acquired at an average price of $396.16 per share, for a total transaction of $250,373.12. Following the completion of the purchase, the director now owns 1,200 shares of the company's stock, valued at $475,392. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Gregory M. Ulmer sold 6,929 shares of the business's stock in a transaction dated Wednesday, August 3rd. The stock was 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. Insiders own 0.17% of the company's stock.