Somewhat Positive News Coverage Somewhat Unlikely to Impact Lockheed Martin Corporation (LMT) Share Price
Headlines about Lockheed Martin Corporation (NYSE:LMT) have been trending somewhat positive this week, Accern reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lockheed Martin Corporation earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news stories about the aerospace company an impact score of 45.7417625675241 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Dubai Air Show opens with Emirates' $15.1B Boeing buy (finance.yahoo.com)
- Hot Stock’s Watch List – Lockheed Martin Corporation, (NYSE: LMT) – Stock Watch (stocksnewstimes.com)
- UAE agrees $1.6 billion deal with Lockheed Martin to upgrade F-16 fighters – Reuters (reuters.com)
- ETFs with exposure to Lockheed Martin Corp. : November 13, 2017 (finance.yahoo.com)
- Lockheed Martin Honors Two Wounded Army Veterans through Scholarship Program (finance.yahoo.com)
Lockheed Martin Corporation (NYSE:LMT) opened at $313.74 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 0.95 and a debt-to-equity ratio of 6.56. The company has a market capitalization of $89,733.48, a P/E ratio of 24.60, a PEG ratio of 2.98 and a beta of 0.58. Lockheed Martin Corporation has a 52-week low of $245.50 and a 52-week high of $322.19.
Lockheed Martin Corporation (NYSE:LMT) last posted its earnings results on Tuesday, October 24th. The aerospace company reported $3.24 EPS for the quarter, missing analysts’ consensus estimates of $3.26 by ($0.02). The firm had revenue of $12.17 billion for the quarter, compared to the consensus estimate of $12.83 billion. Lockheed Martin Corporation had a net margin of 7.31% and a return on equity of 221.41%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.61 earnings per share. sell-side analysts predict that Lockheed Martin Corporation will post 13.12 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 1st will be given a $2.00 dividend. The ex-dividend date is Saturday, September 30th. This is an increase from Lockheed Martin Corporation’s previous quarterly dividend of $1.82. This represents a $8.00 dividend on an annualized basis and a yield of 2.55%. Lockheed Martin Corporation’s dividend payout ratio (DPR) is currently 58.57%.
Lockheed Martin Corporation announced that its Board of Directors has initiated 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 usually an indication that the company’s leadership believes its shares are undervalued.
Several research analysts have weighed in on LMT shares. Zacks Investment Research downgraded Lockheed Martin Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. BidaskClub downgraded Lockheed Martin Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Deutsche Bank AG restated a “buy” rating and issued a $340.00 price target (up from $305.00) on shares of Lockheed Martin Corporation in a research note on Monday, October 2nd. Credit Suisse Group restated a “neutral” rating and issued a $308.00 price target (up from $300.00) on shares of Lockheed Martin Corporation in a research note on Wednesday, October 25th. Finally, Vetr upgraded Lockheed Martin Corporation from a “hold” rating to a “buy” rating and set a $326.32 price target for the company in a research note on Tuesday, September 12th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Lockheed Martin Corporation has a consensus rating of “Buy” and an average target price of $322.13.
In related news, Director Daniel F. Akerson purchased 2,500 shares of the stock in a transaction that occurred on Wednesday, October 25th. The stock was bought at an average cost of $312.02 per share, for a total transaction of $780,050.00. Following the completion of the transaction, the director now directly owns 7,432 shares in the company, valued at $2,318,932.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.39% of the stock is owned by company insiders.
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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