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 Trading Up 0.9 %
LMT opened at $438.01 on Tuesday. Lockheed Martin has a one year low of $324.23 and a one year high of $479.99. 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 stock has a market cap of $116.14 billion, a price-to-earnings ratio of 25.35, a P/E/G ratio of 2.98 and a beta of 0.67. The stock's 50 day moving average price is $417.32 and its 200-day moving average price is $427.62.
Lockheed Martin (NYSE:LMT - Get Rating) last released its earnings results on Tuesday, July 19th. The aerospace company reported $1.16 earnings per share for the quarter, missing analysts' consensus estimates of $6.39 by ($5.23). The business had revenue of $15.45 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $7.13 EPS. On average, equities analysts forecast that Lockheed Martin will post 26.8 EPS for the current year.
Lockheed Martin Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Thursday, September 1st will be paid a $2.80 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $11.20 dividend on an annualized basis and a yield of 2.56%. Lockheed Martin's dividend payout ratio is currently 64.81%.
Analysts Set New Price Targets
A number of brokerages recently commented on LMT. Morgan Stanley dropped their price target on 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 raised their target price on shares of Lockheed Martin from $515.00 to $539.00 in a report on Wednesday, April 20th. Argus upped their price target on shares of Lockheed Martin from $415.00 to $500.00 in a research note on Wednesday, April 20th. Wells Fargo & Company dropped their price objective 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. Finally, Susquehanna increased their price target on shares of 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 issued a buy rating to the company's stock. Based on data from MarketBeat, Lockheed Martin has a consensus rating of "Moderate Buy" and a consensus target price of $448.00.
Insider Transactions at Lockheed Martin
In other news, Director John Donovan acquired 632 shares of the company's stock in a transaction that occurred on Wednesday, July 20th. The shares were bought at an average price of $396.16 per share, with a total value of $250,373.12. Following the completion of the purchase, the director now directly owns 1,200 shares in the company, valued at $475,392. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Lockheed Martin news, Director John Donovan bought 632 shares of the business's stock in a transaction on Wednesday, July 20th. The shares were acquired at an average price of $396.16 per share, with a total value of $250,373.12. Following the transaction, the director now owns 1,200 shares of the company's stock, valued at approximately $475,392. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Gregory M. Ulmer sold 6,929 shares of the business'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 disclosure for this sale can be found here. Corporate insiders own 0.17% of the company's stock.
