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
A number of equities analysts have weighed in on LMT shares. Susquehanna increased their target price on shares of Lockheed Martin from $515.00 to $539.00 in a research report 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 on the stock in a research note on Wednesday, July 20th. Seaport Res Ptn reissued a "buy" rating on shares of Lockheed Martin in a research note on Tuesday, April 19th. Morgan Stanley decreased their target price on shares of Lockheed Martin from $525.00 to $522.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 20th. Finally, Argus lifted their target price on shares of Lockheed Martin from $415.00 to $500.00 in a research note on Wednesday, April 20th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $448.00.
Lockheed Martin Price Performance
Shares of NYSE:LMT opened at $429.99 on Thursday. Lockheed Martin has a fifty-two week low of $324.23 and a fifty-two week high of $479.99. The business has a 50-day simple moving average of $418.03 and a two-hundred day simple moving average of $426.05. 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 firm has a market cap of $114.01 billion, a price-to-earnings ratio of 24.88, a price-to-earnings-growth ratio of 2.92 and a beta of 0.67.
Lockheed Martin (NYSE:LMT - Get Rating) last released its quarterly earnings results on Tuesday, July 19th. The aerospace company reported $1.16 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 business had revenue of $15.45 billion for the quarter, compared to analysts' expectations of $16.02 billion. During the same period in the previous year, the company earned $7.13 EPS. Lockheed Martin's revenue for the quarter was down 9.3% compared to the same quarter last year. On average, analysts expect that Lockheed Martin will post 26.8 earnings per share for the current 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 given a dividend of $2.80 per share. This represents a $11.20 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Wednesday, August 31st. Lockheed Martin's payout ratio is currently 64.81%.
Insider Activity
In related news, Director John Donovan acquired 632 shares of the business's stock in a transaction that occurred on Wednesday, July 20th. The stock was bought 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 approximately $475,392. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Gregory M. Ulmer sold 6,929 shares of the stock in a transaction that occurred on 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 can be accessed through this link. Also, Director John Donovan purchased 632 shares of the firm's stock in a transaction that occurred on Wednesday, July 20th. The shares were bought at an average price of $396.16 per share, for a total transaction of $250,373.12. Following the acquisition, the director now directly owns 1,200 shares in the company, valued at approximately $475,392. The disclosure for this purchase can be found here. Insiders own 0.17% of the company's stock.
