I recently discussed in a video with Joel South my belief that Lockheed Martin (NYSE:LMT) is a top name in the cybersecurity space that could benefit from increased measures to secure energy infrastructure. News that the company will be reducing its job force by 4,000 was certainly a bit surprising. However, now more than ever, I believe the company may soon also look to streamline its share price and reward shareholders by splitting the stock, a move that may also attract new investors.
Keep in mind the company did announce previous stock splits in 1983 and 1999. There was a 16-year gap between those previous splits, and in 2014 it will have been 15 years since the last split. Therefore the timing for a new split could be imminent, especially with the stock up a whopping 62% in 2013.