Media stories about Lockheed Martin (NYSE:LMT) have trended somewhat positive on Friday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Lockheed Martin earned a news sentiment score of 1.31 on their scale. InfoTrie also assigned media coverage about the aerospace company an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have impacted Lockheed Martin’s ranking:
Lockheed Martin Licenses IFS Applications to Service Assets for $3.5 Billion US Army Contract (marketwatch.com)
Lockheed licenses IFS Applications for $3.5B U.S. Army contract (seekingalpha.com)
Hedge Funds Are Buying Lockheed Martin Corporation (LMT) (finance.yahoo.com)
New Valencia College center near UCF Downtown to train future workers (finance.yahoo.com)
University of Alaska, GeoNorth Information Systems, Lockheed Martin Partner to Collect Arctic Surveillance Data for the NGA (spaceref.com)
A number of brokerages recently issued reports on LMT. Zacks Investment Research upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $366.00 price target for the company in a research note on Wednesday, October 24th. Morgan Stanley dropped their price target on shares of Lockheed Martin from $386.00 to $366.00 and set an “overweight” rating for the company in a research note on Wednesday, November 14th. Credit Suisse Group dropped their price target on shares of Lockheed Martin from $368.00 to $357.00 and set a “neutral” rating for the company in a research note on Wednesday, October 24th. UBS Group began coverage on shares of Lockheed Martin in a research note on Wednesday, August 15th. They issued a “buy” rating and a $400.00 price target for the company. Finally, Barclays dropped their price target on shares of Lockheed Martin from $369.00 to $325.00 and set an “equal weight” rating for the company in a research note on Tuesday. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Lockheed Martin presently has a consensus rating of “Buy” and an average price target of $373.13.
LMT stock opened at $286.35 on Friday. The company has a debt-to-equity ratio of 13.46, a current ratio of 1.11 and a quick ratio of 0.91. Lockheed Martin has a 1-year low of $277.20 and a 1-year high of $363.00. The firm has a market cap of $81.55 billion, a price-to-earnings ratio of 21.48, a price-to-earnings-growth ratio of 2.70 and a beta of 0.88.
Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, October 23rd. The aerospace company reported $5.14 earnings per share for the quarter, beating the consensus estimate of $4.31 by $0.83. Lockheed Martin had a net margin of 5.78% and a return on equity of 2,680.55%. The firm had revenue of $14.32 billion during the quarter, compared to analyst estimates of $13.10 billion. During the same quarter in the previous year, the firm earned $3.24 earnings per share. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. Equities research analysts predict that Lockheed Martin will post 17.71 earnings per share for the current fiscal year.
Lockheed Martin announced that its board has authorized a stock repurchase plan on Thursday, September 27th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the aerospace company to reacquire up to 1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Monday, December 3rd will be paid a dividend of $2.20 per share. This is a positive change from Lockheed Martin’s previous quarterly dividend of $2.00. The ex-dividend date is Friday, November 30th. This represents a $8.80 annualized dividend and a yield of 3.07%. Lockheed Martin’s payout ratio is presently 66.02%.
In other Lockheed Martin news, VP Bruce L. Tanner sold 11,203 shares of the business’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $308.49, for a total transaction of $3,456,013.47. Following the completion of the sale, the vice president now owns 79,770 shares in the company, valued at $24,608,247.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.35% of the stock is owned by insiders.
About Lockheed Martin
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 (MFC), Rotary and Mission Systems (RMS), and Space.
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