Media coverage about Lockheed Martin Corporation (NYSE:LMT) has trended somewhat negative this week, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lockheed Martin Corporation earned a news impact score of -0.01 on Accern’s scale. Accern also assigned news stories about the aerospace company an impact score of 82 out of 100, meaning that recent media coverage is very likely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have effected Accern’s scoring:
- Lockheed Martin Gets $3.7 Billion Payday on F-35s (NYSE: LMT … – 24/7 Wall St. (247wallst.com)
- Lockheed Martin Corporation (LMT) Releases Quarterly Earnings Results (techdeezer.com)
- Lockheed Martin Corporation (LMT) Lowered to Hold at BidaskClub (famososartistas.com)
- Trade Signal Alert For Lockheed Martin Corp (LMT) Shares – Evergreen Caller (evergreencaller.com)
- Lockheed Martin Corporation (LMT) trades -0.87% away from twelve months High: Technical Facts – Voice Of Analysts (analystsbuzz.com)
Lockheed Martin Corporation (LMT) traded up 0.79% during mid-day trading on Friday, hitting $290.41. 1,086,242 shares of the company traded hands. Lockheed Martin Corporation has a one year low of $228.50 and a one year high of $292.97. The firm has a market capitalization of $83.64 billion, a P/E ratio of 16.85 and a beta of 0.60. The firm has a 50 day moving average of $283.70 and a 200 day moving average of $271.37.
Lockheed Martin Corporation (NYSE:LMT) last posted its quarterly earnings results on Tuesday, July 18th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.13. The company had revenue of $12.69 billion for the quarter, compared to analyst estimates 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 quarterly 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. Equities research analysts expect that Lockheed Martin Corporation will post $12.65 earnings per share 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 issued a dividend of $1.82 per share. This represents a $7.28 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Wednesday, August 30th. Lockheed Martin Corporation’s dividend payout ratio (DPR) is presently 42.52%.
Several research analysts have weighed in on LMT shares. BidaskClub cut shares of Lockheed Martin Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Jefferies Group LLC reissued a “hold” rating and issued a $240.00 price target on shares of Lockheed Martin Corporation in a report on Friday, July 14th. Royal Bank Of Canada reissued a “hold” rating on shares of Lockheed Martin Corporation in a report on Thursday, July 20th. Stifel Nicolaus increased their price target on shares of Lockheed Martin Corporation from $290.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, April 26th. Finally, Zacks Investment Research cut shares of Lockheed Martin Corporation from a “buy” rating to a “hold” rating in a report on Thursday, April 27th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $286.10.
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In related news, SVP Maryanne Lavan sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $290.11, for a total transaction of $2,901,100.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Marillyn A. Hewson sold 26,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $290.53, for a total transaction of $7,553,780.00. The disclosure for this sale can be found here. Corporate 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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