News articles about Lockheed Martin (NYSE:LMT) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lockheed Martin earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned news headlines about the aerospace company an impact score of 46.0639978587741 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- Top Analyst Reports for Lockheed Martin, Allergan & Barclays (zacks.com)
- Lockheed F-35 Cost Stabilizes at $406 Billion, Pentagon Says (finance.yahoo.com)
- Lockheed Martin wins $1.5 billion U.S. defense contract -Pentagon (finance.yahoo.com)
- Lockheed Martin (LMT) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
- Lockheed Martin Set to Possibly Rebound After Yesterday’s Selloff of 1.47% (mysmartrend.com)
Several research firms recently issued reports on LMT. ValuEngine upgraded Lockheed Martin from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $388.00 price objective (up from $382.00) on shares of Lockheed Martin in a report on Friday, February 23rd. Buckingham Research lifted their price objective on Lockheed Martin from $348.00 to $403.00 and gave the company a “buy” rating in a report on Monday, February 5th. Stifel Nicolaus lifted their price objective on Lockheed Martin from $345.00 to $400.00 and gave the company a “buy” rating in a report on Monday, January 29th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $370.00 price objective on shares of Lockheed Martin in a report on Tuesday, January 30th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $375.40.
Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Monday, January 29th. The aerospace company reported $4.30 EPS for the quarter, topping analysts’ consensus estimates of $4.06 by $0.24. Lockheed Martin had a return on equity of 354.55% and a net margin of 3.92%. The company had revenue of $15.14 billion during the quarter, compared to analysts’ expectations of $14.72 billion. During the same quarter in the previous year, the firm earned $3.25 EPS. Lockheed Martin’s revenue was up 10.1% on a year-over-year basis. research analysts anticipate that Lockheed Martin will post 15.52 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Thursday, March 1st will be issued a dividend of $2.00 per share. The ex-dividend date is Wednesday, February 28th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.40%. Lockheed Martin’s dividend payout ratio (DPR) is currently 61.12%.
In other news, insider Richard F. Ambrose sold 7,517 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $357.89, for a total transaction of $2,690,259.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Marillyn A. Hewson sold 19,000 shares of the business’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $346.74, for a total value of $6,588,060.00. Following the transaction, the chairman now directly owns 80,478 shares of the company’s stock, valued at approximately $27,904,941.72. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by insiders.
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About Lockheed Martin
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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