Lockheed Martin receives final approval needed to close Sikorsky acquisition

After the session commenced at $220, the stock reached the higher end at $220.46 while it hit a low of $218.34. The company has a market cap of $67,267 million and there are 307,295,490 shares in outstanding. The company earned $11.50 billion during the quarter, compared to analysts’ expectations of $11.13 billion. Goldman Sachs boosted their price target on shares of Lockheed Martin from $225.00 to $237.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. After surveying 9 different analysts, we established an average estimate of $ 2.7 earnings per share (EPS) for NYSE:LMT. This is a boost from Lockheed Martin’s previous quarterly dividend of $1.50. This represents a $6.60 annualized dividend and a dividend yield of 3.02%. Drexel raises the price target from $222 per share to $229 per share on Lockheed Martin Corporation. Also, because of different datasources, our reporting and figures may be different then the numbers reported by FactSet and other sources. The rating is an average of the various different ratings given by analysts and brokers to Lockheed Martin Corporation, and then averaged into one rating by a team of analysts at Zacks in Chicago, Illinois. Strong buy was given by 4 Wall Street Analysts.

Sikorsky, which specializes in the design, manufacture, and service of military and commercial helicopters, is a subsidiary of United Technologies Corp.

Lockheed Martin plans to align Stratford, Connecticut-based Sikorsky under its mission systems and training (MST) business segment. The Company’s main areas of focus are in defense, space, intelligence, homeland security, and information technology, including cyber security.