Lockheed Martin Corporation (LMT) Earning Somewhat Favorable Press Coverage, Report Finds

Media coverage about Lockheed Martin Corporation (NYSE:LMT) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Lockheed Martin Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the aerospace company an impact score of 45.7398403472016 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media headlines that may have effected Accern’s analysis:

A number of research analysts recently issued reports on the company. Zacks Investment Research lowered Lockheed Martin Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Credit Suisse Group reiterated a “neutral” rating and issued a $300.00 target price (up from $280.00) on shares of Lockheed Martin Corporation in a report on Wednesday, July 19th. Jefferies Group LLC reiterated a “hold” rating and issued a $265.00 target price on shares of Lockheed Martin Corporation in a report on Tuesday, August 22nd. Stifel Nicolaus reiterated a “buy” rating and issued a $320.00 target price (up from $300.00) on shares of Lockheed Martin Corporation in a report on Wednesday, July 19th. Finally, Argus reiterated a “buy” rating and issued a $320.00 target price (up from $100.00) on shares of Lockheed Martin Corporation in a report on Wednesday, July 19th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $312.73.

Shares of Lockheed Martin Corporation (NYSE:LMT) opened at 319.39 on Friday. Lockheed Martin Corporation has a one year low of $228.50 and a one year high of $322.19. The stock has a market capitalization of $91.98 billion, a P/E ratio of 18.53 and a beta of 0.59. The firm’s 50-day moving average price is $308.50 and its 200-day moving average price is $288.30.

Lockheed Martin Corporation (NYSE:LMT) last posted its quarterly earnings data on Tuesday, July 18th. The aerospace company reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.13. The company had revenue of $12.69 billion during the quarter, compared to analysts’ expectations of $12.43 billion. Lockheed Martin Corporation had a net margin of 10.37% and a return on equity of 221.92%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the company posted $3.32 EPS. Equities research analysts anticipate that Lockheed Martin Corporation will post $12.64 EPS for the current fiscal year.

Lockheed Martin Corporation declared that its board has authorized a share repurchase plan on Thursday, September 28th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the aerospace company to purchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 1st will be given a $2.00 dividend. This is a boost from Lockheed Martin Corporation’s previous quarterly dividend of $1.82. This represents a $8.00 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Saturday, September 30th. Lockheed Martin Corporation’s dividend payout ratio is presently 42.52%.

In other news, VP Brian P. Colan sold 350 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $306.19, for a total transaction of $107,166.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Maryanne Lavan sold 10,000 shares of the stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $290.11, for a total transaction of $2,901,100.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,220 shares of company stock valued at $13,293,563. 0.39% of the stock is currently owned by corporate insiders.

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About Lockheed Martin Corporation

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.

Insider Buying and Selling by Quarter for Lockheed Martin Corporation (NYSE:LMT)

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