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 Performance

Shares of NYSE:LMT opened at $440.16 on Wednesday. The stock has a market cap of $116.71 billion, a PE ratio of 25.47, a price-to-earnings-growth ratio of 3.00 and a beta of 0.67. Lockheed Martin has a 1 year low of $324.23 and a 1 year high of $479.99. The firm has a fifty day moving average price of $417.00 and a 200-day moving average price of $427.71. 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 (NYSE:LMT - Get Rating) last issued its quarterly earnings results 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 business had revenue of $15.45 billion during the quarter, compared to analysts' expectations of $16.02 billion. The company's quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $7.13 EPS. Equities analysts anticipate that Lockheed Martin will post 26.8 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

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 given a dividend of $2.80 per share. This represents a $11.20 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Wednesday, August 31st. Lockheed Martin's payout ratio is currently 64.81%.

Analyst Ratings Changes

Several research firms have issued reports on LMT. Morgan Stanley lowered 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. Wells Fargo & Company cut 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 report on Wednesday, July 20th. Susquehanna increased their price target on Lockheed Martin from $515.00 to $539.00 in a report on Wednesday, April 20th. Argus lifted their price objective on Lockheed Martin from $415.00 to $500.00 in a report on Wednesday, April 20th. Finally, Susquehanna Bancshares increased their target price 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 given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $448.00.

Insider Transactions at Lockheed Martin

In other news, EVP Gregory M. Ulmer sold 6,929 shares of Lockheed Martin 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Lockheed Martin news, Director John Donovan bought 632 shares of the business's stock in a transaction that occurred 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 acquisition, the director now owns 1,200 shares in the company, valued at approximately $475,392. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Gregory M. Ulmer sold 6,929 shares of the company's stock in a transaction on 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. Insiders own 0.17% of the company's stock.