Lockheed Martin Corp. (NYSE:LMT) declared a quarterly dividend on Thursday, September 22nd. Stockholders of record on Thursday, December 1st will be given a dividend of 1.82 per share on Friday, December 30th. This represents a $7.28 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date is Tuesday, November 29th. This is a boost from Lockheed Martin Corp.’s previous quarterly dividend of $1.65.

Lockheed Martin Corp. (NYSE:LMT) opened at 264.40 on Thursday. Lockheed Martin Corp. has a 12-month low of $200.47 and a 12-month high of $269.74. The company has a market cap of $77.46 billion, a price-to-earnings ratio of 15.46 and a beta of 0.65. The stock has a 50 day moving average price of $245.31 and a 200-day moving average price of $246.15.

Lockheed Martin Corp. (NYSE:LMT) last posted its earnings results on Tuesday, October 25th. The company reported $3.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.75. Lockheed Martin Corp. had a return on equity of 131.23% and a net margin of 10.48%. The firm had revenue of $11.60 billion for the quarter, compared to the consensus estimate of $11.49 billion. During the same quarter in the prior year, the business earned $2.76 EPS. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, analysts predict that Lockheed Martin Corp. will post $12.19 EPS for the current fiscal year.

Dividend History for Lockheed Martin Corp. (NYSE:LMT)

A number of research analysts have weighed in on the company. Jefferies Group reiterated a “hold” rating on shares of Lockheed Martin Corp. in a report on Wednesday, August 3rd. Argus restated a “buy” rating and issued a $290.00 price target on shares of Lockheed Martin Corp. in a research note on Friday, August 5th. Deutsche Bank AG upgraded Lockheed Martin Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, November 9th. Robert W. Baird restated an “outperform” rating and issued a $284.00 price target on shares of Lockheed Martin Corp. in a research note on Thursday, October 27th. Finally, Barclays PLC upgraded Lockheed Martin Corp. from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $245.00 to $275.00 in a research note on Thursday, November 10th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $264.81.

A number of large investors have recently bought and sold shares of the stock. Keeley Asset Management Corp raised its position in shares of Lockheed Martin Corp. by 0.3% in the second quarter. Keeley Asset Management Corp now owns 966 shares of the company’s stock worth $240,000 after buying an additional 3 shares during the last quarter. Crawford Investment Counsel Inc. raised its position in shares of Lockheed Martin Corp. by 0.4% in the second quarter. Crawford Investment Counsel Inc. now owns 3,287 shares of the company’s stock worth $816,000 after buying an additional 14 shares during the last quarter. Yellowstone Partners LLC raised its position in shares of Lockheed Martin Corp. by 0.7% in the second quarter. Yellowstone Partners LLC now owns 2,156 shares of the company’s stock worth $535,000 after buying an additional 16 shares during the last quarter. Argent Trust Co raised its position in shares of Lockheed Martin Corp. by 0.3% in the second quarter. Argent Trust Co now owns 6,005 shares of the company’s stock worth $1,490,000 after buying an additional 18 shares during the last quarter. Finally, AHL Partners LLP raised its position in shares of Lockheed Martin Corp. by 1.2% in the second quarter. AHL Partners LLP now owns 1,945 shares of the company’s stock worth $483,000 after buying an additional 23 shares during the last quarter. 81.64% of the stock is currently owned by institutional investors and hedge funds.

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Lockheed Martin Corp. Company Profile

Lockheed Martin Corporation is a global security and aerospace company. The Company is engaged in the research, design, integration and sustainment of advanced technology systems, products and services. It operates in five segments: Aeronautics; Information Systems & Global Solutions (IS&GS); Missiles and Fire Control (MFC); Mission Systems and Training (MST), and Space Systems.

5 Day Chart for NYSE:LMT

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