Trading Report: The Lockheed Martin Corp. (LMT) to Issue Quarterly Dividend of $1.82 on December 30th

The Lockheed Martin Corp. (LMT) to Issue Quarterly Dividend of $1.82 on  December 30th

Lockheed Martin Corp. (NYSE:LMT) announced 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 2.74%. The ex-dividend date is Tuesday, November 29th. This is an increase from Lockheed Martin Corp.’s previous quarterly dividend of $1.65.

Shares of Lockheed Martin Corp. (NYSE:LMT) opened at 265.92 on Monday. The stock has a market capitalization of $77.91 billion, a P/E ratio of 15.55 and a beta of 0.65. The stock’s 50 day moving average price is $246.45 and its 200-day moving average price is $246.34. Lockheed Martin Corp. has a 1-year low of $200.47 and a 1-year high of $269.74.

Lockheed Martin Corp. (NYSE:LMT) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $3.61 EPS 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 business earned $11.60 billion during the quarter, compared to analysts’ expectations of $11.49 billion. During the same period in the previous year, the firm earned $2.76 earnings per share. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. Equities research analysts anticipate that Lockheed Martin Corp. will post $12.19 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in LMT. First Heartland Consultants Inc. acquired a new stake in Lockheed Martin Corp. during the second quarter valued at about $205,000. Segall Bryant & Hamill LLC acquired a new stake in Lockheed Martin Corp. during the second quarter valued at about $217,000. Point72 Asia Hong Kong Ltd raised its stake in Lockheed Martin Corp. by 200.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 900 shares of the company’s stock valued at $223,000 after buying an additional 600 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in Lockheed Martin Corp. by 40.0% in the second quarter. O Shaughnessy Asset Management LLC now owns 913 shares of the company’s stock valued at $227,000 after buying an additional 261 shares in the last quarter. Finally, Keeley Asset Management Corp raised its stake in Lockheed Martin Corp. by 0.3% in the second quarter. Keeley Asset Management Corp now owns 966 shares of the company’s stock valued at $240,000 after buying an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 81.64% of the company’s stock.

A number of equities research analysts recently commented on the company. Vertical Group reaffirmed a “hold” rating on shares of Lockheed Martin Corp. in a research note on Monday, October 31st. Barclays PLC raised Lockheed Martin Corp. from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $245.00 to $275.00 in a research note on Thursday, November 10th. Vetr cut Lockheed Martin Corp. from a “buy” rating to a “hold” rating and set a $253.86 price objective for the company. in a research note on Wednesday, November 9th. Jefferies Group reaffirmed a “hold” rating on shares of Lockheed Martin Corp. in a research note on Wednesday, August 3rd. Finally, Deutsche Bank AG boosted their target price on Lockheed Martin Corp. from $253.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, October 26th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $264.81.

About Lockheed Martin Corp.

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