Lockheed Martin Corporation (NYSE: LMT) is -10.31% lower on its value in year-to-date trading and has touched a low of $266.11 and a high of $442.53 in the current 52-week trading range. The LMT stock was last observed hovering at around $349.25 in the recent trading session, with the current gains setting it 2.21% off its average median price target of $428.00 for the next 12 months. It is also 29.71% off the consensus price target high of $500.00 offered by 21 analysts, but current levels are 6.77% higher than the price target low of $377.00 for the same period.
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At last check, trading at $351.46, the stock is -3.81% and -6.65% below its SMA20 and SMA50 respectively. However, with a current trading volume of 0.46 million and changing 0.63% at the moment leaves the stock -8.45% off its SMA200. LMT registered -5.15% loss for a year compared to 6-month loss of -15.83%. The firm has a 50-day simple moving average (SMA 50) of $377.89 and a 200-day simple moving average (SMA200) of $384.01.
The stock witnessed a -13.50% gain in the last 1 month and extending the period to 3 months gives it a -5.86%, and is -3.52% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.48% over the week and 2.60% over the month.
Lockheed Martin Corporation (LMT) has around 110000 employees, a market worth around $95.34B and $61.13B in sales. Current P/E ratio is 15.85 and Fwd P/E is 13.24. Profit margin for the company is 10.20%. Distance from 52-week low is 32.07% and -20.58% from its 52-week high. The company has generated returns on investments over the last 12 months (47.70%).
Lockheed Martin Corporation (LMT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Lockheed Martin Corporation (LMT) is a “Overweight”. 21 analysts offering their recommendations for the stock have an average rating of 2.10, where 9 rate it as a Hold and 2 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Lockheed Martin Corporation is expected to release its quarterly report on 07/21/2020 and quarterly earnings per share for the current quarter are estimated at $5.73 with sales reaching $15.26B over the same period.The EPS is expected to grow by 25.80% this year, but quarterly earnings will post 6.20% year-over-year. Quarterly sales are estimated to grow 5.70% in year-over-year returns.
Lockheed Martin Corporation (LMT) Top Institutional Holders
2,142 institutions hold shares in Lockheed Martin Corporation (LMT), with 193.5k shares held by insiders accounting for 0.07% while institutional investors hold 80.44% of the company’s shares. The shares outstanding are 281.30M, and float is at 278.79M with Short Float at 0.79%. Institutions hold 80.38% of the Float.
The top institutional shareholder in the company is State Street Corporation with over 42.25 million shares valued at $14.32 billion. The investor’s holdings represent 15.07% of the LMT Shares outstanding. As of Mar 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 23.26 million shares valued at $7.88 billion to account for 8.29% of the shares outstanding. The other top investors are Blackrock Inc. which holds 18.43 million shares representing 6.57% and valued at over $6.25 billion, while Capital World Investors holds 6.14% of the shares totaling 17.21 million with a market value of $5.83 billion.
Lockheed Martin Corporation (LMT) Insider Activity
A total of 48 insider transactions have happened at Lockheed Martin Corporation (LMT) in the last six months, with sales accounting for 28 and purchases happening 20 times. The most recent transaction is an insider sale by St John Frank A, the company’s Executive Vice President. SEC filings show that St John Frank A sold 556 shares of the company’s common stock on Feb 06 at a price of $438.60 per share for a total of $0.24 million. Following the sale, the insider now owns 1401.0 shares.
Lockheed Martin Corporation disclosed in a document filed with the SEC on Jan 29 that Colan Brian P (VP & Controller) sold a total of 1,108 shares of the company’s common stock. The trade occurred on Jan 29 and was made at $434.77 per share for $0.48 million. Following the transaction, the insider now directly holds 0.0 shares of the LMT stock.
Still, SEC filings show that on Jan 29, Ambrose Richard F (Executive Vice President) disposed off 6,905 shares at an average price of $435.52 for $3.01 million. The insider now directly holds 0 shares of Lockheed Martin Corporation (LMT).
Lockheed Martin Corporation (LMT): Who are the competitors?
The company’s main competitors (and peers) include AeroVironment Inc. (AVAV) that is trading 38.02% up over the past 12 months. Short interest in the company’s stock has risen 13.04% from the last report on May 28, 2020 to stand at a total of 2.2 million short shares sold with a short interest ratio of 1.51.