When Will Lockheed Martin Split Its Stock Again?
The defense industry has done extremely well lately, and Lockheed Martin (NYSE: LMT) has seen its share price rise substantially. Even before the 2016 U.S. presidential election signaled a higher priority for defense spending in the future, Lockheed was able to use its command of key programs like the F-35 fighter jet to help it triple its stock price between early 2013 and last fall. Further gains have resulted from optimism about prospective new projects. With the stock price climbing above $300 per share, some believe a stock split is long overdue.
Let's look more closely at Lockheed Martin and whether it's likely to complete a stock split in the near future.
Stock splits haven't been all that common for Lockheed Martin in past years, but the company has made moves to reduce its share price on a couple of occasions. Below, you'll find the dates and split ratios for the stock splits Lockheed Martin has done:
Source: Fool.com
Lockheed Martin Corp. Stock
With 15 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
On the other hand, the target price of 520 € is below the current price of 551.5 € for Lockheed Martin Corp., so the potential is actually -5.71%.
