Traders Sell Lockheed Martin Corporation (NYSE:LMT) on Strength (NYSE:LMT)
Investors sold shares of Lockheed Martin Corporation (NYSE:LMT) on strength during trading hours on Friday. $74.47 million flowed into the stock on the tick-up and $97.49 million flowed out of the stock on the tick-down, for a money net flow of $23.02 million out of the stock. Of all stocks tracked, Lockheed Martin Corporation had the 24th highest net out-flow for the day. Lockheed Martin Corporation traded up $0.50 for the day and closed at $303.75
LMT has been the subject of several analyst reports. Zacks Investment Research cut shares of Lockheed Martin Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. BidaskClub raised shares of 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 target price on shares of Lockheed Martin Corporation in a research note on Tuesday, May 9th. Stifel Nicolaus raised their target price on shares of Lockheed Martin Corporation from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $240.00 target price on shares of Lockheed Martin Corporation in a research note on Monday, June 12th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $289.39.
The company has a 50-day moving average price of $288.14 and a 200-day moving average price of $273.98. The company has a market capitalization of $87.48 billion, a PE ratio of 17.62 and a beta of 0.60.
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 the consensus estimate of $3.10 by $0.13. Lockheed Martin Corporation had a return on equity of 221.92% and a net margin of 10.37%. The business had revenue of $12.69 billion during the quarter, compared to the consensus estimate of $12.43 billion. During the same quarter last year, the company earned $3.32 EPS. The firm’s revenue was up 9.6% compared to the same quarter last year. Equities analysts predict that Lockheed Martin Corporation will post $12.63 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be issued a $1.82 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $7.28 annualized dividend and a dividend yield of 2.40%. Lockheed Martin Corporation’s payout ratio is currently 42.52%.
In other Lockheed Martin Corporation news, Chairman Marillyn A. Hewson sold 26,000 shares of Lockheed Martin Corporation stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $290.53, for a total value of $7,553,780.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Maryanne Lavan sold 10,000 shares of Lockheed Martin Corporation stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $290.11, for a total value of $2,901,100.00. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.
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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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