Lockheed Martin Corporation (NYSE:LMT):
Lockheed Martin Receives $471 Million U.S. Army Contract for Guided MLRS Rocket Production.
The company is trading unchanged by 0.02% percent from yesterday’s close.
The company recently announced a dividend that will be paid on Friday September 22nd, 2017. The dividend will be $1.820 per share for the quarter which is $7.28 annualized. The dividend yield will be $2.55. 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..
Company shares last traded at $286.36 which is slightly above the 50 day moving average of $278.05 and a tad higher than the 200 day moving average of $266.57. The 50 day moving average went up $8.30 or +2.99% whereas the 200 day average was up by +7.42%.
The P/E ratio is 16.57 and the market value is 82.88B. In the latest earnings report the EPS was $17.28 and is projected to be $12.52 for the current year with 289,443,000 shares currently outstanding. Next quarter’s EPS is estimated at $3.24 with next year’s EPS anticipated to be $14.13.
Several ratings analysts have released opinions on Lockheed Martin Corporation of late. On November 14 the company was upgraded to “Equal-Weight” from “Hold” and a price target of $275.00 was set in a report issued by Stifel Nicolaus. On November 10 the stock rating was upgraded from “Underweight” to “Equal-Weight” with a current price target of $275.00 by analysts at Barclays.
Equity analyst Barclays upgraded the stock and raised the price target on November 10 changing the price objective from $245.00 to $275.00 and moving the rating from “Underweight” to “Equal-Weight”. On November 9 the company was upgraded from “Hold” to “Buy” in a statement from Deutsche Bank.
Equity analyst started covering the stock giving it an initial rating of “Outperform” and setting a price target of $284.00. Baird started coverage setting a rating of “Outperform” and a price target of $284.00.