Lockheed Martin EVP Orlando D. Carvalho Unloads 13,100 Shares (LMT)
Lockheed Martin (NYSE:LMT) EVP Orlando D. Carvalho sold 13,100 shares of Lockheed Martin stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $168.29, for a total value of $2,204,599.00. Following the transaction, the executive vice president now directly owns 6,651 shares in the company, valued at approximately $1,119,297. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on LMT shares. Analysts at Zacks upgraded shares of Lockheed Martin from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 31st. They now have a $204.00 price target on the stock. Separately, analysts at Sterne Agee raised their price target on shares of Lockheed Martin from $8.00 to $164.00 in a research note on Wednesday, July 23rd. They now have a “neutral” rating on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Lockheed Martin from $155.00 to $175.00 in a research note on Wednesday, July 23rd. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $175.08.
Shares of Lockheed Martin (NYSE:LMT) traded down 0.81% on Tuesday, hitting $166.93. The stock had a trading volume of 1,218,909 shares. Lockheed Martin has a 52 week low of $121.25 and a 52 week high of $171.36. The stock has a 50-day moving average of $163.6 and a 200-day moving average of $161.3. The company has a market cap of $52.583 billion and a P/E ratio of 17.19.
Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, July 22nd. The company reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.10. The company had revenue of $11.31 billion for the quarter, compared to the consensus estimate of $11.14 billion. During the same quarter in the previous year, the company posted $2.64 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. On average, analysts predict that Lockheed Martin will post $11.25 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 26th. Investors of record on Tuesday, September 2nd will be paid a dividend of $1.33 per share. This represents a $5.32 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Thursday, August 28th.
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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