Stock Traders Buy Large Volume of Call Options on Lockheed Martin (LMT)
Shares of Lockheed Martin (NYSE:LMT) saw unusually large options trading activity on Wednesday. Traders bought 9,257 call options on the company, American Banking News.com reports. This is an increase of approximately 809% compared to the average volume of 1,018 call options.
In other Lockheed Martin news, EVP Sondra L. Barbour unloaded 50,000 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $174.80, for a total value of $8,740,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on LMT. Analysts at Barclays raised their price target on shares of Lockheed Martin from $174.00 to $179.00 in a research note on Monday, August 11th. They now have an “equal weight” rating on the stock. Separately, 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. Finally, 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. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Lockheed Martin has a consensus rating of “Hold” and an average target price of $175.46.
Shares of Lockheed Martin (NYSE:LMT) traded down 0.05% on Wednesday, hitting $176.52. The stock had a trading volume of 1,114,789 shares. Lockheed Martin has a one year low of $121.52 and a one year high of $177.07. The stock’s 50-day moving average is $166.8 and its 200-day moving average is $163.. The company has a market cap of $55.604 billion and a price-to-earnings ratio of 18.04.
Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data 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. Analysts expect that Lockheed Martin will post $11.25 EPS 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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