Lockheed Martin Corporation (NYSE:LMT):
Lockheed Martin’s LM-100J Commercial Freighter Will Make International Debut at 2017 Paris Air Show.
In the market the company is trading unchanged by N/A percent from yesterday’s close.
Lockheed Martin Corporation announced a dividend for shareholders to be paid on Friday the 23rd of June 2017. The dividend will be $1.820 per share for the quarter which comes to $7.28 on an annualized basis. This dividend represents a yield of $2.63. The ex-dividend date is set for Tuesday the 30th of May 2017.
Lockheed Martin Corporation, launched on August 29, 1994, is a security and aerospace company. The Company is involved in the research, design, development, manufacture, integration and sustainment of technology systems, products and services. The Company operates through four segments: Aeronautics; Missiles and Fire Control (MFC); Rotary and Mission Systems (RMS), and Space Systems. The Company also provides a range of management, engineering, technical, scientific, logistics, system integration and cybersecurity services. Its main areas of focus are in defense, space, intelligence and homeland security. The Company serves both the United States and international customers with products and services that have defense, civil and commercial applications, with its principal customers being agencies of the United States Government..
It is trading at $277.00 a tad above $274.58, the 50 day moving average and which is a tad above the 200 day moving average of $265.04. The 50 day moving average moved up $2.42 and the 200 day average went up by +4.51%.
The company currently has a P/E ratio of 16.03 and market capitalization is 80.18B. As of the last earnings report the EPS was $17.28 and is projected to be $12.52 for the current year with 289,443,000 shares outstanding. Next quarter’s EPS is forecasted to be $3.24 and the next full year EPS is anticipated to be $14.11.
Brokerage analysts have issued ratings on LMT of late. On November 14 the company was upgraded to “Equal-Weight” from “Hold” with a current price target of $275.00 in a report from Stifel Nicolaus. On November 10 the stock rating was upgraded from “Underweight” to “Equal-Weight” and a price target of $275.00 was set in a report issued by Barclays.
Barclays raised the price target and upgraded the stock on November 10 changing the price objective from $245.00 to $275.00 and raising the rating from “Underweight” to “Equal-Weight”. On November 9 the company was changed to a “Buy” according to a Deutsche Bank report which is up from the previous “Hold” rating.
released its first research report on the stock by announcing an initial rating of “Outperform” and establishing a price target of $284.00. On October 6, 2016 Baird added the stock to its research portfolio with an initial rating of “Outperform” and a price target of $284.00.