Lockheed Martin (LMT) Receives Daily Media Sentiment Score of 0.17

News stories about Lockheed Martin (NYSE:LMT) have been trending somewhat positive on Wednesday, Accern reports. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Lockheed Martin earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the aerospace company an impact score of 44.7085065801782 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:

Lockheed Martin (LMT) traded down $1.64 on Wednesday, reaching $310.14. The company had a trading volume of 1,170,800 shares, compared to its average volume of 1,034,707. Lockheed Martin has a one year low of $245.50 and a one year high of $322.19. The company has a current ratio of 1.32, a quick ratio of 0.95 and a debt-to-equity ratio of 6.56. The stock has a market cap of $89,660.00, a PE ratio of 24.51, a P/E/G ratio of 2.97 and a beta of 0.58.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $12.83 billion. During the same quarter in the previous year, the firm earned $3.61 EPS. Lockheed Martin’s revenue was up 5.4% compared to the same quarter last year. sell-side analysts anticipate that Lockheed Martin will post 13.12 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 1st will be issued a dividend of $2.00 per share. The ex-dividend date is Saturday, September 30th. This represents a $8.00 dividend on an annualized basis and a yield of 2.58%. This is a boost from Lockheed Martin’s previous quarterly dividend of $1.82. Lockheed Martin’s payout ratio is presently 64.88%.

Lockheed Martin declared that its board has initiated a share buyback plan on Thursday, September 28th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the aerospace company to buy up to 2.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

LMT has been the topic of a number of research reports. Stifel Nicolaus lifted their price objective on Lockheed Martin from $320.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Buckingham Research lifted their target price on Lockheed Martin from $316.00 to $348.00 and gave the stock a “buy” rating in a report on Thursday, October 5th. BidaskClub upgraded Lockheed Martin from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Deutsche Bank reiterated a “buy” rating and issued a $340.00 target price (up previously from $305.00) on shares of Lockheed Martin in a report on Monday, October 2nd. Finally, Vetr upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $326.32 target price for the company in a report on Tuesday, September 12th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $321.90.

In other news, 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 cost of $312.02 per share, with a total value of $780,050.00. Following the transaction, the director now directly owns 7,432 shares in the company, valued at approximately $2,318,932.64. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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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