Lockheed Martin Corporation (LMT) Insider Orlando D. Carvalho Sells 8,870 Shares
Lockheed Martin Corporation (NYSE:LMT) insider Orlando D. Carvalho sold 8,870 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $307.95, for a total transaction of $2,731,516.50. Following the transaction, the insider now directly owns 27,728 shares of the company’s stock, valued at $8,538,837.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Lockheed Martin Corporation (NYSE:LMT) traded down 1.43% during midday trading on Thursday, reaching $301.42. 1,066,454 shares of the company were exchanged. The company has a 50 day moving average of $291.13 and a 200-day moving average of $275.61. The company has a market capitalization of $86.81 billion, a price-to-earnings ratio of 17.49 and a beta of 0.60. Lockheed Martin Corporation has a 52-week low of $228.50 and a 52-week high of $308.48.
Lockheed Martin Corporation (NYSE:LMT) last released its earnings results on Tuesday, July 18th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.10 by $0.13. The firm had revenue of $12.69 billion during the quarter, compared to analysts’ expectations of $12.43 billion. Lockheed Martin Corporation had a return on equity of 221.92% and a net margin of 10.37%. The company’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.32 EPS. On average, equities research analysts anticipate that Lockheed Martin Corporation will post $12.64 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be issued a dividend of $1.82 per share. This represents a $7.28 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Wednesday, August 30th. Lockheed Martin Corporation’s dividend payout ratio (DPR) is presently 42.52%.
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A number of equities analysts have issued reports on the stock. Cowen and Company reissued a “hold” rating and set a $295.00 price target on shares of Lockheed Martin Corporation in a research report on Monday. Morgan Stanley began coverage on shares of Lockheed Martin Corporation in a research note on Tuesday, August 8th. They set an “overweight” rating and a $342.00 price objective on the stock. BidaskClub cut shares of Lockheed Martin Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research raised shares of Lockheed Martin Corporation from a “hold” rating to a “buy” rating and set a $325.00 price objective on the stock in a research note on Thursday, July 27th. Finally, Argus reaffirmed a “buy” rating and set a $320.00 price objective (up previously from $100.00) on shares of Lockheed Martin Corporation in a research note on Wednesday, July 19th. They noted that the move was a valuation call. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $291.15.
Lockheed Martin Corporation Company Profile
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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