Somewhat Positive Press Coverage Somewhat Unlikely to Impact Lockheed Martin Corporation (NYSE:LMT) Stock Price
News stories about Lockheed Martin Corporation (NYSE:LMT) have been trending somewhat positive on Monday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Lockheed Martin Corporation earned a news impact score of 0.19 on Accern’s scale. Accern also assigned headlines about the aerospace company an impact score of 45.5861527032266 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Lockheed Martin Corporation (NYSE:LMT) Stock Rating Reaffirmed by Cowen and Company (americanbankingnews.com)
- Lockheed Martin shares close higher on Friday, company awarded with an $8 billion special forces contract by the US MoD (binarytribune.com)
- Can Lockheed Martin Corporation (NYSE:LMT) or Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Grab Upward … – FLBC News (flbcnews.com)
- Lockheed Martin Corporation (LMT) distanced 32.93% to its 52-Week Low = Technical Analysis: Lockheed Martin … – Voice Of Analysts (analystsbuzz.com)
- Lockheed Martin wins $8 billion US special forces contract – Reuters (reuters.com)
Shares of Lockheed Martin Corporation (LMT) traded up 1.26% during mid-day trading on Monday, reaching $307.58. The company’s stock had a trading volume of 1,202,993 shares. The stock has a 50 day moving average of $289.58 and a 200-day moving average of $275.01. The stock has a market cap of $88.58 billion, a P/E ratio of 17.85 and a beta of 0.60. Lockheed Martin Corporation has a one year low of $228.50 and a one year high of $308.06.
Lockheed Martin Corporation (NYSE:LMT) last issued its earnings results on Tuesday, July 18th. The aerospace company reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.13. The firm had revenue of $12.69 billion during the quarter, compared to the consensus estimate of $12.43 billion. Lockheed Martin Corporation had a net margin of 10.37% and a return on equity of 221.92%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.32 earnings per share. On average, equities research analysts expect that Lockheed Martin Corporation will post $12.63 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 1st will be paid a dividend of $1.82 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $7.28 dividend on an annualized basis and a dividend yield of 2.37%. Lockheed Martin Corporation’s payout ratio is currently 42.52%.
Several research analysts recently issued reports on LMT shares. Zacks Investment Research cut Lockheed Martin Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. BidaskClub raised Lockheed Martin Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Royal Bank Of Canada reissued a “hold” rating and issued a $263.00 price objective on shares of Lockheed Martin Corporation in a research note on Tuesday, May 9th. Stifel Nicolaus increased their price objective on Lockheed Martin Corporation from $290.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, April 26th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $240.00 price objective on shares of Lockheed Martin Corporation in a research note on Monday, June 12th. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Lockheed Martin Corporation presently has a consensus rating of “Hold” and an average price target of $291.15.
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In related news, Chairman Marillyn A. Hewson sold 26,000 shares of the business’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $290.53, for a total transaction of $7,553,780.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Maryanne Lavan sold 10,000 shares of the business’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $290.11, for a total transaction of $2,901,100.00. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.
Lockheed Martin Corporation Company Profile
Lockheed Martin Corporation is a security and aerospace company. The Company operates through four segments. Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies.
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