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
SNL Pushes For Gun Control: 'This Shouldn't Be a Partisan Issue'
Last week it was Che and his " cheap cracker " tirade about Donald Trump's lame hurricane response. But a much more forceful statement came during "Weekend Update".

08 October 2017
Dove admits it 'missed the mark' with whitewashing ad
Makeup artist Naomi Leann Blake shared images from the ad on Facebook in a post that soon went viral. The ad shows a black woman taking off her brown shirt to reveal a white woman underneath.

08 October 2017
Trump tries to take credit for Senator Bob Corker's retirement
A comment that Trump said was "strange". "Understandably, as we have gained influence, that decision has become more hard ". Corker announced in late September that he would not seek re-election to the Tennessee Senate in 2018.

08 October 2017
Dak Prescott signs with Dannon after they dropped Cam Newton
It appears Prescott is taking Newton's place as the company spokesman, according to a report from ESPN NFL Insider Adam Schefter . Newton laughed and responded, "It's amusing to hear a female talk about routes's amusing ".

08 October 2017
H&R Block, Inc. (HRB) Upgraded by ValuEngine to Buy
The firm owned 1,092,810 shares of the company's stock after buying an additional 618,312 shares during the period. The Hartford Investment Management Co holds 81,280 shares with $2.51 million value, up from 49,370 last quarter.

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
Cardi B the biggest victor at BET #HipHopAwards 2017
The 29-year-old model and reality TV star was spotted heading to the event on Friday (October 6) in Miami. Everyone's so happy for her just cus she's a female. "One song and she's the best new artist? LOL.

08 October 2017
Gordon Strachan: 'Slovenia game will be hardest one for Scotland'
So, if you want to watch Scotland's crunch World Cup qualifier online, here's's guide to live streaming the action. The Sky Sports app, available to download on iOS and Android devices, will also be providing live text coverage and updates.

08 October 2017
Kingdon Capital Management LLC Buys 143182 Shares of WPX Energy, Inc. (WPX)
WPX Energy, Inc. (NYSE:WPX) touched its 1-Year High price of $16.17 on 12/01/16 and its 1-Year Low price of $ 8.39 on 06/21/17. WPX Energy, Inc., launched on April 19, 2011, is an independent oil and natural gas exploration and production company.

08 October 2017
Wells Fargo & Company MN Grows Holdings in lululemon athletica inc. (LULU)
On average, analysts anticipate that lululemon athletica inc . will post $2.41 earnings per share for the current fiscal year. Finally, UBS Oconnor LLC acquired a new position in lululemon athletica inc . during the 2nd quarter worth about $28,272,000.