Lockheed Martin Corporation Com (NYSE:LMT):
Lockheed Martin Delivers First Modernized TACMS Missile.
The company is unchanged by 0.16% percent from yesterday’s close.
The company also recently announced a dividend for shareholders which was paid on Friday the 23rd of September 2016. The dividend payment was $1.650 per share for the quarter or $6.60 annualized. The dividend yield was $2.68. The ex-dividend date was set for Tuesday the 30th of August 2016.
It is currently trading at $245.39 marginally under $247.40, the 50 day moving average and which is slightly above the 200 day moving average of $240.84. The 50 day moving average went down by -0.81% and the 200 day average was up $4.55.
The P/E ratio is 20.43 and market capitalization is 74.33B. As of the latest earnings report the EPS was $12.01 and is expected to be $11.75 for the current year with 302,905,000 shares presently outstanding. Next quarter’s EPS is forecasted at $3.18 with next year’s EPS projected to be $12.61.
Analysts have weighed in on Lockheed Martin Corporation Com. On September 19 the stock rating was upgraded from “” to “Outperform” in a report from Wells Fargo. On September 6 Citigroup made no change to the stock rating of “Buy” but moved up the price target from $232.00 to $284.00.
Equity analyst JP Morgan initiated coverage on the stock giving it an initial rating of “Neutral”. On May 31, 2016 the stock rating was rated “Hold” by Berenberg down from the previous “Buy” rating.
On May 19 the company was downgraded to “Sector Perform” from “Outperform” in a statement from RBC Capital. On May 13 the company was changed to a “Hold” according to a Stifel Nicolaus report which is down from the previous “Buy” rating.