Lockheed Martin Co. (NYSE:LMT) Plans Quarterly Dividend of $3.30

Lockheed Martin Co. (NYSE:LMT) announced a quarterly dividend on Tuesday, January 28th,RTT News reports. Stockholders of record on Monday, March 3rd will be given a dividend of 3.30 per share by the aerospace company on Friday, March 28th. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.88%.

Lockheed Martin has raised its dividend payment by an average of 6.4% per year over the last three years. Lockheed Martin has a payout ratio of 44.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Lockheed Martin to earn $27.78 per share next year, which means the company should continue to be able to cover its $13.20 annual dividend with an expected future payout ratio of 47.5%.

Lockheed Martin Trading Down 9.1 %

Shares of LMT traded down $45.80 during trading hours on Tuesday, reaching $457.89. 4,014,273 shares of the company traded hands, compared to its average volume of 1,363,802. The company’s fifty day moving average price is $498.68 and its two-hundred day moving average price is $537.59. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The company has a market capitalization of $108.54 billion, a price-to-earnings ratio of 16.58, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. Lockheed Martin has a 12 month low of $413.92 and a 12 month high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. Equities research analysts predict that Lockheed Martin will post 26.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LMT. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and cut their price objective for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. Robert W. Baird boosted their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. StockNews.com downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Wells Fargo & Company dropped their price target on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. Finally, Citigroup decreased their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Moderate Buy” and a consensus target price of $577.73.

Lockheed Martin Company Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.