Lockheed Martin (LMT) Getting Somewhat Positive News Coverage, Report Finds
News coverage about Lockheed Martin (NYSE:LMT) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 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 earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave news articles about the aerospace company an impact score of 46.1041524326486 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Lockheed Martin Awarded Contract to Train Special Operations Airmen (finance.yahoo.com)
- Lockheed Martin wins nearly $4 billion of U.S. defense contracts -Pentagon (feeds.reuters.com)
- Lockheed Gets $1.5B Modification on Navy F-35 LRIP Advance Acquisition Contract (govconwire.com)
- SpaceX and United Launch Alliance Split $640 Million In Pentagon Rocket Contracts (wsj.com)
- SpaceX, Boeing-Lockheed JV Get Launches As Air Force Seeks ‘Balance’ (investors.com)
Shares of Lockheed Martin (LMT) opened at $333.23 on Friday. Lockheed Martin has a one year low of $264.04 and a one year high of $363.00. The company has a current ratio of 1.38, a quick ratio of 1.03 and a debt-to-equity ratio of -22.19. The stock has a market capitalization of $94,718.13, a P/E ratio of 48.79, a P/E/G ratio of 2.91 and a beta of 0.72.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Thursday, March 1st will be given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Wednesday, February 28th. Lockheed Martin’s dividend payout ratio (DPR) is presently 117.13%.
LMT has been the topic of a number of recent analyst reports. ValuEngine upgraded Lockheed Martin from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Morgan Stanley reaffirmed an “overweight” rating and set a $388.00 target price (up previously from $382.00) on shares of Lockheed Martin in a report on Friday, February 23rd. Buckingham Research lifted their target price on Lockheed Martin from $348.00 to $403.00 and gave the company a “buy” rating in a report on Monday, February 5th. Stifel Nicolaus boosted their price objective on Lockheed Martin from $345.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, January 29th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $392.00 price objective (up previously from $343.00) on shares of Lockheed Martin in a research report on Tuesday, January 30th. Eight 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 target price of $375.40.
In other news, Chairman Marillyn A. Hewson sold 19,000 shares of Lockheed Martin stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $346.74, for a total value of $6,588,060.00. Following the transaction, the chairman now directly owns 80,478 shares in the company, valued at approximately $27,904,941.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard F. Ambrose sold 7,517 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $357.89, for a total value of $2,690,259.13. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.
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About Lockheed Martin
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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