Lockheed Martin Corporation (NYSE:LMT) insider Dale P. Bennett sold 2,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $313.75, for a total transaction of $627,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of Lockheed Martin Corporation (LMT) traded down $1.64 during trading on Wednesday, hitting $310.14. 1,170,800 shares of the stock were exchanged, compared to its average volume of 1,034,707. The company has a debt-to-equity ratio of 6.56, a quick ratio of 0.95 and a current ratio of 1.32. Lockheed Martin Corporation has a 52-week low of $245.50 and a 52-week high of $322.19. The stock has a market cap of $89,660.00, a P/E ratio of 24.51, a P/E/G ratio of 2.97 and a beta of 0.58.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, October 24th. The aerospace company reported $3.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.26 by ($0.02). Lockheed Martin had a return on equity of 221.41% and a net margin of 7.31%. The firm had revenue of $12.17 billion during the quarter, compared to analysts’ expectations of $12.83 billion. During the same period in the previous year, the firm earned $3.61 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. equities research analysts expect that Lockheed Martin Corporation will post 13.12 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 1st will be paid a $2.00 dividend. The ex-dividend date is Saturday, September 30th. This is a boost from Lockheed Martin’s previous quarterly dividend of $1.82. This represents a $8.00 dividend on an annualized basis and a yield of 2.58%. Lockheed Martin’s dividend payout ratio (DPR) is 64.88%.

Lockheed Martin announced that its board has approved a share repurchase program on Thursday, September 28th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the aerospace company to repurchase up to 2.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

A number of research firms have commented on LMT. BidaskClub raised shares of Lockheed Martin from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Cowen reissued a “hold” rating and set a $310.00 target price (up previously from $295.00) on shares of Lockheed Martin in a research report on Thursday, September 14th. Vetr downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating and set a $349.96 target price on the stock. in a research report on Monday, November 20th. Royal Bank Of Canada set a $289.00 target price on shares of Lockheed Martin and gave the company a “hold” rating in a research report on Friday, August 25th. Finally, Bank of America set a $360.00 target price on shares of Lockheed Martin and gave the company a “buy” rating in a research report on Friday, October 27th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $321.90.

A hedge fund recently bought a new stake in Lockheed Martin stock. Buckingham Capital Management Inc. bought a new position in Lockheed Martin Corporation (NYSE:LMT) in the third quarter, according to its most recent filing with the SEC. The firm bought 670 shares of the aerospace company’s stock, valued at approximately $208,000. 78.94% of the stock is owned by institutional investors.

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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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