Brian P. Colan Sells 350 Shares of Lockheed Martin Corporation (LMT) Stock
Lockheed Martin Corporation (NYSE:LMT) VP Brian P. Colan sold 350 shares of Lockheed Martin Corporation stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $306.19, for a total transaction of $107,166.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Lockheed Martin Corporation (NYSE LMT) traded down 1.43% on Thursday, hitting $301.42. 1,066,954 shares of the company traded hands. The firm’s 50 day moving average price is $291.13 and its 200-day moving average price is $275.61. The stock has a market capitalization of $86.81 billion, a price-to-earnings ratio of 17.49 and a beta of 0.60. Lockheed Martin Corporation has a 1-year low of $228.50 and a 1-year high of $308.48.
Lockheed Martin Corporation (NYSE:LMT) last issued its quarterly earnings results on Tuesday, July 18th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.13. The company had revenue of $12.69 billion during the quarter, compared to the consensus estimate of $12.43 billion. Lockheed Martin Corporation had a return on equity of 221.92% and a net margin of 10.37%. Lockheed Martin Corporation’s revenue was up 9.6% on a year-over-year basis. During the same period last year, the company earned $3.32 earnings per share. On average, equities research analysts expect that Lockheed Martin Corporation will post $12.64 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be paid a $1.82 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $7.28 dividend on an annualized basis and a yield of 2.42%. Lockheed Martin Corporation’s payout ratio is 42.52%.
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A number of research firms have recently commented on LMT. Cowen and Company restated a “hold” rating and issued a $295.00 price objective on shares of Lockheed Martin Corporation in a research report on Monday. Morgan Stanley began coverage on shares of Lockheed Martin Corporation in a research report on Tuesday, August 8th. They issued an “overweight” rating and a $342.00 price objective for the company. BidaskClub lowered shares of Lockheed Martin Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded shares of Lockheed Martin Corporation from a “hold” rating to a “buy” rating and set a $325.00 price objective for the company in a research report on Thursday, July 27th. Finally, Argus restated a “buy” rating and issued a $320.00 price objective (up from $100.00) on shares of Lockheed Martin Corporation in a research report on Wednesday, July 19th. They noted that the move was a valuation call. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Lockheed Martin Corporation currently has an average rating of “Hold” and an average price target of $291.15.
About Lockheed Martin Corporation
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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