The Corporation has a Mean Rating of 2.6 based on the Reuters Analysts consensus issuing ratings. The disclosure for this sale can be found here. Quadrant Capital Group LLC increased its position in shares of Lockheed Martin Corp.by 24.4% in the second quarter. The company had Year Ago Sales of 11.46 Billion.
Advertisement
COMBATSS-21 (COMponent-BAsed Total-Ship System-21st Century) is built from the Aegis Common Source Library (CSL), and shares a pedigree with the Aegis Baseline 9 software developed for the Aegis cruiser and destroyer fleet, in addition to worldwide ships, the Aegis Ashore system, LCS and the Coast Guard National Security Cutters. The forecast of 4 polled investment analysts covering the stock advises investors to Buy stake in the company. This appreciation has taken its market cap to $171.09B and a price-to-earnings ratio to 20.05. Zions Bancorporation increased its position in shares of Lockheed Martin Corp.by 102.3% in the first quarter. LMT is 0.5% higher at $255.32, on the heels of positive analyst attention. The firm lowered its rating on LMT from Outperform to Sector Perform. Zions Bancorporation now owns 809 shares of the company’s stock worth $182,000 after buying an additional 409 shares during the last quarter. The stock price is going above to its 52 week low with 40.42% and lagging behind from its 52 week high with -7.05%.
The major indexes fell near session lows in afternoon trading, as top defense contractor Lockheed Martin (LMT) was among the notable losers. Specifically, the shares have gained 2.9% at $20.98, after Citigroup initiated coverage with a “buy” endorsement and a $27 price target. Not to mention, the stock’s consensus 12-month price target of $260.42 is just a stone’s throw away from present levels.
Some buy side analysts are also providing their Analysis on Lockheed Martin Corporation, where 3 analysts have rated the stock as Strong buy, 1 analysts have given a Buy signal, 10 said it’s a HOLD, 1 reported it as Underperform and 0 analysts rated the stock as Sell. The firm had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $12.56 billion. The stock presently has a consensus rating of Hold and a consensus price target of $250.03. The company reported the earnings of $3.32/Share in the last quarter where the estimated EPS by analysts was $2.93/share. The firm has a 50-day moving average of $256.18 and a 200 day moving average of $236.08. During the same quarter in the previous year, the company posted $2.94 EPS. The difference between the expected and actual EPS was $0.39/share, which represents an Earnings surprise of 13.3%.
Advertisement
The business also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. The ex-dividend date of this dividend is Tuesday, August 30th. Its Missiles and Fire Control segment provides air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations and engineering support, readiness, and integration services; manned and unmanned ground vehicles; and energy management solutions. Lockheed Martin Corporation was founded in 1909 and is headquartered in Bethesda, Maryland.
