Lockheed Martin Target of Unusually High Options Trading (LMT)
Lockheed Martin Co. (NYSE:LMT) was the target of some unusual options trading on Monday. Investors purchased 344 put options on the stock. This represents an increase of 171% compared to the typical volume of 127 put options.
A number of brokerages recently weighed in on LMT. Citigroup Inc cut their price objective on Lockheed Martin from $335.00 to $333.00 and set a “buy” rating on the stock in a research note on Wednesday, January 25th. Stifel Nicolaus raised their price objective on Lockheed Martin from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. Zacks Investment Research raised Lockheed Martin from a “hold” rating to a “buy” rating and set a $300.00 price objective on the stock in a research note on Tuesday, April 4th. Argus reissued a “buy” rating and issued a $290.00 price objective on shares of Lockheed Martin in a research note on Sunday, January 29th. Finally, Vetr raised Lockheed Martin from a “hold” rating to a “buy” rating and set a $265.06 price objective on the stock in a research note on Tuesday, January 24th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $281.56.
Shares of Lockheed Martin (NYSE:LMT) traded up 1.63% during midday trading on Monday, hitting $277.24. The company’s stock had a trading volume of 1,054,219 shares. The company has a 50-day moving average price of $270.35 and a 200 day moving average price of $262.30. The company has a market cap of $80.25 billion, a P/E ratio of 16.05 and a beta of 0.68. Lockheed Martin has a 1-year low of $228.50 and a 1-year high of $280.79.
Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, April 25th. The aerospace company reported $3.00 EPS for the quarter, topping the Zacks’ consensus estimate of $2.76 by $0.24. Lockheed Martin had a return on equity of 151.34% and a net margin of 10.41%. The firm had revenue of $11.06 billion for the quarter, compared to analyst estimates of $11.22 billion. During the same quarter last year, the company earned $2.91 EPS. The company’s revenue was up 6.6% on a year-over-year basis. On average, equities research analysts predict that Lockheed Martin will post $12.52 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Thursday, June 1st will be paid a dividend of $1.82 per share. The ex-dividend date is Tuesday, May 30th. This represents a $7.28 dividend on an annualized basis and a yield of 2.67%. Lockheed Martin’s dividend payout ratio (DPR) is presently 42.37%.
In other news, insider Richard F. Ambrose sold 9,316 shares of Lockheed Martin stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $271.11, for a total transaction of $2,525,660.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.42% of the stock is owned by insiders.
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About Lockheed Martin
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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