Lockheed Martin (LMT) Receiving Somewhat Favorable Media Coverage, Study Shows
News stories about Lockheed Martin (NYSE:LMT) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lockheed Martin earned a news impact score of 0.11 on Accern’s scale. Accern also gave news articles about the aerospace company an impact score of 46.3475429206288 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Lockheed Martin Co. (LMT) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- 3 Things Every Investor Should Know About NASA's Plan to Return to the Moon (finance.yahoo.com)
- Lockheed Martin Backs Competition on AI-Enabled Autonomous Drones (govconwire.com)
- Aircraft geek squad: Lockheed lands $500M deal to build 200+ troubleshooting systems in Orlando (bizjournals.com)
- GPS III Ground System Support and M-Code Ops Being Prep’d by Lockheed Martin (satnews.com)
LMT opened at $328.53 on Friday. The company has a debt-to-equity ratio of 28.14, a current ratio of 1.19 and a quick ratio of 0.97. The stock has a market capitalization of $93.67 billion, a price-to-earnings ratio of 24.65, a price-to-earnings-growth ratio of 2.60 and a beta of 0.72. Lockheed Martin has a 12 month low of $291.52 and a 12 month high of $363.00.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Tuesday, September 4th will be issued a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Friday, August 31st. Lockheed Martin’s dividend payout ratio (DPR) is 60.02%.
A number of analysts recently commented on the company. Zacks Investment Research cut Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, August 17th. UBS Group assumed coverage on Lockheed Martin in a research report on Wednesday, August 15th. They set a “buy” rating and a $400.00 price objective for the company. Berenberg Bank upgraded Lockheed Martin from a “hold” rating to a “buy” rating in a research report on Thursday, July 26th. Bank of America lifted their price objective on Lockheed Martin from $400.00 to $412.00 and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Finally, Credit Suisse Group lifted their price objective on Lockheed Martin from $355.00 to $340.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 25th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $372.02.
In other news, SVP Maryanne Lavan sold 7,250 shares of Lockheed Martin stock in a transaction dated Wednesday, July 25th. The stock was sold at an average price of $323.64, for a total value of $2,346,390.00. Following the transaction, the senior vice president now directly owns 9,869 shares of the company’s stock, valued at approximately $3,194,003.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Marillyn A. Hewson sold 25,000 shares of Lockheed Martin stock in a transaction dated Friday, July 27th. The shares were sold at an average price of $323.68, for a total value of $8,092,000.00. Following the completion of the transaction, the chairman now directly owns 90,625 shares in the company, valued at $29,333,500. The disclosure for this sale can be found here. 0.35% of the stock is owned by insiders.
About Lockheed Martin
Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
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