Lockheed Martin Co. Plans Quarterly Dividend of $1.33 (LMT)
Lockheed Martin (NYSE:LMT) announced a quarterly dividend on Thursday, April 24th, Analyst RN reports. Stockholders of record on Monday, June 2nd will be paid a dividend of 1.33 per share on Friday, June 27th. This represents a $5.32 annualized dividend and a dividend yield of 3.28%.
LMT has been the subject of a number of recent research reports. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Lockheed Martin in a research note on Wednesday. They now have a $150.00 price target on the stock. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Lockheed Martin in a research note on Wednesday. They now have a $165.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Lockheed Martin from $137.00 to $144.00 in a research note on Wednesday. They now have a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Lockheed Martin currently has a consensus rating of “Buy” and an average target price of $161.47.
Shares of Lockheed Martin (NYSE:LMT) traded down 0.72% during mid-day trading on Thursday, hitting $160.82. The stock had a trading volume of 557,939 shares. Lockheed Martin has a one year low of $96.00 and a one year high of $168.41. The stock has a 50-day moving average of $160. and a 200-day moving average of $148.3. The company has a market cap of $51.302 billion and a price-to-earnings ratio of 17.73.
Lockheed Martin (NYSE:LMT) last released its earnings data on Tuesday, April 22nd. The company reported $2.87 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.53 by $0.34. The company had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.90 billion. During the same quarter last year, the company posted $2.33 earnings per share. Lockheed Martin’s revenue was down 3.8% compared to the same quarter last year. On average, analysts predict that Lockheed Martin will post $10.85 earnings per share for the current fiscal year.
Lockheed Martin Corporation is a global security and aerospace company principally engaged in the research, design, development, manufacture, integration, and sustainment of technology systems and products.
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