Lockheed Martin Corporation (LMT) Hits New 1-Year High After Analyst Upgrade

Wall Street is only getting more bullish on the stock, with 10 of analysts who cover LMT having a buy-equivalent rating.

Several other equities analysts have also issued reports on LMT. Zacks Investment Research lowered shares of Lockheed Martin Corporation from a hold rating to a sell rating in a research report on Tuesday, July 11th. Deutsche Bank AG reaffirmed a buy rating and set a $340.00 price target (up previously from $305.00) on shares of Lockheed Martin Corporation in a research note on Monday, October 2nd. Cetera Advisor holds 0.19% of its portfolio in Lockheed Martin Corporation (NYSE:LMT) for 14,210 shares.

Analysts await Lockheed Martin Corporation (NYSE:LMT) to report earnings on October, 24. They noted that the move was a valuation call.

Among 16 analysts covering Travelers (NYSE:TRV), 5 have Buy rating, 3 Sell and 8 Hold. Their average price target spell out an upbeat performance - a -1% and would give LMT a market capitalization of almost $90.12B. The current trading volume of 0.8 sits 32.5% lower than the past 3 month's readings, indicating near-term traders have been less active toward LMT than usual of late. Boys Arnold & Company Incorporated, a North Carolina-based fund reported 1,273 shares.

Shares are trading at $316.46 marginally over the 50 day moving average of $305.97 and significantly above the 200 day moving average of $286.36. The company has a market cap of $90.60 billion, a P/E ratio of 18.25 and a beta of 0.59. First Manhattan has invested 0.02% in Lockheed Martin Corporation (NYSE:LMT). About shares traded. Lockheed Martin Corporation (NYSE:LMT) has risen 14.19% since October 6, 2016 and is uptrending. As of the last earnings report the EPS was $17.24 and is estimated to be $12.64 for the current year with 287,990,000 shares now outstanding. The firm had revenue of $12.69 billion during the quarter, compared to the consensus estimate of $12.43 billion. Lockheed Martin Corporation had a return on equity of 221.92% and a net margin of 10.37%. Natl Planning reported 0.27% of its portfolio in Lockheed Martin Corporation (NYSE:LMT). During the same quarter in the prior year, the firm posted $3.32 earnings per share.

From another technical standpoint, Lockheed Martin Corporation (NYSE:LMT)'s 14-day Relative Strength Index (RSI) has reached 70.21, putting it inside a neutral zone.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another site, it was stolen and reposted in violation of USA & global copyright & trademark law. Lockheed Martin Corporation now has an average rating of Buy and a consensus target price of $312.73. The company declared a dividend for shareholders to be paid on Friday the 29th of December 2017. Strategy Asset Managers Llc acquired 1,582 shares as Lockheed Martin Corp (LMT)'s stock rose 2.80%. This represents a $8.00 dividend on an annualized basis and a yield of 2.53%. Airain Ltd has invested 0.12% in Lockheed Martin Corporation (NYSE:LMT). The ex-dividend date will be on Wednesday August 30th, 2017.

Lockheed Martin Corporation announced that its board has authorized a share buyback program on Thursday, September 28th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the aerospace company to buy up to 2.3% of its shares through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

In other news, Chairman Marillyn A. Hewson sold 26,000 shares of the stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $307.95, for a total transaction of $2,731,516.50. Following the completion of the sale, the insider now directly owns 27,728 shares of the company's stock, valued at $8,538,837.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The shares were purchased at an average price of $290.53. Over the last ninety days, insiders have sold 45,220 shares of company stock valued at $13,293,563. The Firm operates through four divisions.

Like this


08 October 2017
Kobach plan for Trump included federal voting laws changes
Christian Adams, and Kenneth Blackwell, have barely masked their true desire to significantly roll back voting rights". Kobach is a conservative Republican elected Kansas secretary of state in 2010 and re-elected in 2014.

08 October 2017
Olstein Capital Management LP Buys 13000 Shares of Lowe's Companies, Inc. (LOW)
IFC Holdings Incorporated FL's holdings in Lowe's Companies were worth $1,449,000 at the end of the most recent quarter. The stock witnessed 6.18% gains, 6.62% gains and 0.35% gains for the 1-month, 3-month and 6-month period, respectively.

08 October 2017
Las Vegas Gunman Booked Rooms in Chicago Overlooking Lollapalooza
He never checked in, and a hotel spokesman said they had not confirmed "whether that is the same Stephen Paddock". TMZ's sources said that Paddock allegedly requested both his rooms be a "view rooms" that face the park.

08 October 2017
Kim Zolciak Biermann Teases Drama on 'Real Housewives of Atlanta'
Money doesn't motivate me to the point of doing something stupid, or something I'm not enjoying. Now, Zolciak-Biermann must take blood thinners "probably for the rest of my life", she said.

08 October 2017
GOP leader says NRA-backed gun bill shelved indefinitely
On Monday, however he strove to reach a wider audience, accepting a President's duty to offer solace at times of national trial. At least 58 were killed and 515 injured after a gunman opened fire on a crowd at a concert from the 32nd floor of Mandalay Bay.

08 October 2017
Virat Kohli is MS Dhoni's daughter Ziva's best friend. Here is proof
As Team India played Australia in the first T20I of the ongoing series at Ranchi , Kohli visited the former captain's home. Kohli posted a video posted on his official Twitter account in which he can be seen sharing a light moment with Ziva.

08 October 2017
Shikhar Dhawan reveals MS Dhoni's funniest one-liner. It is HILARIOUS
Dhawan opted out of the recently-concluded ODI series against the same opposition to look after his ailing wife. Virat Kohli's team India will now lock horns with Australia for the 2nd T20I on the 10th of October.

08 October 2017
Red Bulls Clinch Final East Playoff Spot After Big Win Over Vancouver
A 3-0 victory over the Vancouver Whitecaps saw the Red Bulls claim the sixth and final playoff place in the Eastern Conference. Sporting KC moved alone into second place in the Western Conference with the point earned.

08 October 2017
Varun Dhawan's Judwaa 2 roaring strong at Box office
We are very happy at Fox Star Studios that this year our second movie has proved to be Blockbuster after "Jolly LLB-2". On its second Saturday, the comedy flick earned another 5.50 crore, to add to its overall cum and make it a century.

08 October 2017
Donald Trump threw paper towels like a basketball to Puerto Ricans
Donald Trump downplayed the severity of the hurricane during his visit as he claimed Puerto Rico should be proud only 16 people died .