Lockheed Martin Corp. Hits New 1-Year High at $168.41 (LMT)
Shares of Lockheed Martin Corp. (NYSE:LMT) hit a new 52-week high during trading on Monday , AnalystRatings.NET reports. The company traded as high as $168.41 and last traded at $167.23, with a volume of 1,625,789 shares. The stock had previously closed at $164.33.
LMT has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Lockheed Martin Corp. in a research note on Friday. They now have a $172.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Lockheed Martin Corp. from $130.00 to $148.00 in a research note on Wednesday, February 5th. Finally, analysts at Barclays raised their price target on shares of Lockheed Martin Corp. from $140.00 to $165.00 in a research note on Wednesday, February 5th. They now have an “equal weight” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Lockheed Martin Corp. has an average rating of “Hold” and an average price target of $151.92.
The stock’s 50-day moving average is $153.5 and its 200-day moving average is $137.. The company has a market cap of $52.999 billion and a P/E ratio of 17.99.
Lockheed Martin Corp. (NYSE:LMT) last released its earnings data on Wednesday, January 22nd. The company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.05. The company had revenue of $11.50 billion for the quarter, compared to the consensus estimate of $11.34 billion. During the same quarter in the previous year, the company posted $1.83 earnings per share. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. Analysts expect that Lockheed Martin Corp. will post $10.59 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 28th. Stockholders of record on Monday, March 3rd will be given a dividend of $1.33 per share. This represents a $5.32 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Thursday, February 27th.
In other Lockheed Martin Corp. news, EVP Dale Bennett unloaded 2,335 shares of Lockheed Martin Corp. stock on the open market in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $162.12, for a total transaction of $378,550.20. Following the transaction, the executive vice president now directly owns 89 shares in the company, valued at approximately $14,429. The sale was disclosed in a document filed with the SEC, which is available at this link.
Lockheed Martin Corporation, incorporated on August 29, 1994, is a global security and aerospace company principally engaged in the research, design, development, manufacture, integration, and sustainment of technology systems and products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.