Media headlines about Lockheed Martin (NYSE:LMT) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lockheed Martin earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave media stories about the aerospace company an impact score of 45.9971333512113 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment’s analysis:
A number of brokerages recently commented on LMT. Deutsche Bank restated a “buy” rating and issued a $340.00 price target (up previously from $305.00) on shares of Lockheed Martin in a research report on Monday, October 2nd. Vetr cut Lockheed Martin from a “buy” rating to a “hold” rating and set a $332.40 price target on the stock. in a research report on Thursday. Cowen restated a “hold” rating and issued a $310.00 price target (up previously from $295.00) on shares of Lockheed Martin in a research report on Thursday, September 14th. Zacks Investment Research upgraded Lockheed Martin from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $308.00 price target (up previously from $300.00) on shares of Lockheed Martin in a research report on Wednesday, October 25th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $323.67.
Shares of Lockheed Martin (NYSE:LMT) traded up $2.96 during midday trading on Friday, hitting $329.68. The company had a trading volume of 1,240,000 shares, compared to its average volume of 1,020,000. The company has a quick ratio of 0.95, a current ratio of 1.32 and a debt-to-equity ratio of 6.56. Lockheed Martin has a 52 week low of $248.00 and a 52 week high of $330.18. The company has a market capitalization of $94,530.00, a PE ratio of 26.74, a P/E/G ratio of 3.08 and a beta of 0.58.
Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, October 24th. The aerospace company reported $3.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.26 by ($0.02). Lockheed Martin had a net margin of 7.31% and a return on equity of 221.41%. The business had revenue of $12.17 billion during the quarter, compared to the consensus estimate of $12.83 billion. During the same quarter in the prior year, the firm earned $3.61 EPS. The business’s revenue was up 5.4% on a year-over-year basis. research analysts anticipate that Lockheed Martin will post 13.11 earnings per share for the current year.
Lockheed Martin declared that its board has initiated a share buyback plan on Thursday, September 28th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the aerospace company to reacquire up to 2.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
In other Lockheed Martin news, insider Dale P. Bennett sold 2,000 shares of Lockheed Martin stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $313.75, for a total value of $627,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Daniel F. Akerson bought 2,500 shares of the firm’s stock in a transaction on Wednesday, October 25th. The stock was acquired at an average price of $312.02 per share, for a total transaction of $780,050.00. Following the transaction, the director now owns 7,432 shares of the company’s stock, valued at $2,318,932.64. The disclosure for this purchase can be found here. 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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