Lockheed Martin Corporation to Issue Quarterly Dividend of $3.45 (NYSE:LMT)

Lockheed Martin Corporation (NYSE:LMT) announced a quarterly dividend on Friday, February 6th. Stockholders of record on Monday, March 2nd will be given a dividend of 3.45 per share by the aerospace company on Friday, March 27th. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, March 2nd.

Lockheed Martin has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 22 consecutive years. Lockheed Martin has a payout ratio of 46.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Lockheed Martin to earn $29.70 per share next year, which means the company should continue to be able to cover its $13.80 annual dividend with an expected future payout ratio of 46.5%.

Lockheed Martin Trading Up 2.7%

Shares of LMT stock traded up $17.61 during trading on Friday, hitting $659.24. 2,597,148 shares of the stock traded hands, compared to its average volume of 1,484,749. Lockheed Martin has a 52-week low of $410.11 and a 52-week high of $669.75. The firm has a market capitalization of $151.68 billion, a P/E ratio of 30.68, a price-to-earnings-growth ratio of 1.16 and a beta of 0.23. The firm’s fifty day moving average price is $581.76 and its 200-day moving average price is $509.66. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.09 and a quick ratio of 0.94.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). The business had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.84 billion. Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. Lockheed Martin’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.67 EPS. As a group, research analysts forecast that Lockheed Martin will post 27.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lockheed Martin

Several hedge funds have recently made changes to their positions in the business. Basso Capital Management L.P. acquired a new position in shares of Lockheed Martin in the fourth quarter valued at approximately $25,000. United Financial Planning Group LLC purchased a new position in Lockheed Martin in the 3rd quarter valued at $25,000. Clarity Asset Management Inc. acquired a new position in Lockheed Martin in the 4th quarter valued at $26,000. Triumph Capital Management increased its stake in Lockheed Martin by 66.7% in the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after buying an additional 22 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC raised its position in Lockheed Martin by 285.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock worth $27,000 after buying an additional 40 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

About Lockheed Martin

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.