Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed-Boeing venture orders 20 more Russian rocket engines

[Reuters] – United Launch Alliance, a joint venture of Lockheed Martin Corp and Boeing Co , on Wednesday said it ordered 20 additional RD-180 rocket engines from Russia, on top of 29 engines still being delivered. … Read more on this. Lockheed Martin Corporation (LMT) , valued at $66.97B, started trading this morning at $218.00. A quick look at the market, the company’s stock traded between $217.18 and $218.35 with a trailing 52-week range being $181.91 to $227.91. LMT shares are currently priced at 19.15x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 43.45x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $6.60 per share annually in dividends, yielding 3.11%. According to a consensus of 18 analysts, the earnings estimate of $2.92 per share would be $0.09 worse than the year-ago quarter and a $0.09 sequential decrease. Investors should also note that the full-year EPS estimate of $11.36 is a $0.04 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $12.27 Billion. If reported, that would be a 2.08% decrease over the year-ago quarter. More recently, Sterne Agee CRT upgraded LMT from Neutral to Buy (Aug 20, 2015). Previously, JP Morgan Initiated LMT at to Overweight. The average price target for LMT shares is $228.94, which is 5.02% above where the stock opened this morning. See more in (NYSE:LMT) Similar Articles: Company Update: The Boeing Company (NYSE:BA) – Lockheed-Boeing venture orders 20 more Russian rocket engines Market Update: Lockheed Martin Corporation (NYSE:LMT) – UPDATE 2-ULA needs relief on Russian engines before GPS launch bid -CEO Stock Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Increases Share Repurchase Authority by $3.0 Billion