2,304 institutions hold shares in Lockheed Martin Corporation (LMT), with 239.02k shares held by insiders accounting for 0.09% while institutional investors hold 78.28% of the company’s shares. The shares outstanding are 279.00M, and float is at 275.22M with Short Float at 1.50%. Institutions hold 78.22% of the Float.
The top institutional shareholder in the company is State Street Corporation with over 41.48 million shares valued at $14.72 billion. The investor’s holdings represent 14.92% of the LMT Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 21.66 million shares valued at $7.69 billion to account for 7.79% of the shares outstanding. The other top investors are Blackrock Inc. which holds 16.56 million shares representing 5.96% and valued at over $5.88 billion, while Capital World Investors holds 5.82% of the shares totaling 16.19 million with a market value of $5.75 billion.
Lockheed Martin Corporation (NYSE: LMT) is 5.06% higher on its value in year-to-date trading and has touched a low of $319.81 and a high of $417.62 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LMT stock was last observed hovering at around $373.22 in the last trading session, with the day’s loss setting it -0.28% off its average median price target of $420.00 for the next 12 months. It is also 22.3% off the consensus price target high of $480.00 offered by 21 analysts, but current levels are 5.35% higher than the price target low of $394.00 for the same period.
Currently trading at $372.94, the stock is -2.32% and 3.58% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing -0.08% at the moment leaves the stock 1.76% off its SMA200. LMT registered -3.06% loss for a year compared to 6-month gain of 1.19%. The firm has a 50-day simple moving average (SMA 50) of $347.79 and a 200-day simple moving average (SMA200) of $357.77.
The stock witnessed a 0.04% loss in the last 1 month and extending the period to 3 months gives it a 12.16%, and is -3.69% 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 1.35% over the week and 1.42% over the month.
Lockheed Martin Corporation (LMT) has around 114000 employees, a market worth around $104.42B and $66.00B in sales. Current P/E ratio is 14.93 and Fwd P/E is 13.34. Profit margin for the company is 10.50%. Distance from 52-week low is 16.61% and -10.70% from its 52-week high. The company has generated returns on investments over the last 12 months (40.10%).
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 2.20, where 9 rate it as a Hold and 1 think it is a “Overweight”. 11 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 07/27/2021 and quarterly earnings per share for the current quarter are estimated at $6.53 with sales reaching $16.92B over the same period.The EPS is expected to grow by 11.60% this year, but quarterly earnings will post 4.50% year-over-year. Quarterly sales are estimated to grow 11.10% in year-over-year returns.
Lockheed Martin Corporation (LMT) Insider Activity
A total of 64 insider transactions have happened at Lockheed Martin Corporation (LMT) in the last six months, with sales accounting for 28 and purchases happening 36 times. The most recent transaction is an insider sale by St John Frank A, the company’s Chief Operating Officer. SEC filings show that St John Frank A sold 6,855 shares of the company’s common stock on Apr 26 at a price of $371.95 per share for a total of $2.55 million. Following the sale, the insider now owns 0.0 shares.
Lockheed Martin Corporation disclosed in a document filed with the SEC on Apr 23 that Ambrose Richard F (Executive Vice President) sold a total of 3,446 shares of the company’s common stock. The trade occurred on Apr 23 and was made at $377.38 per share for $1.3 million. Following the transaction, the insider now directly holds 0.0 shares of the LMT stock.
Still, SEC filings show that on Apr 22, Lavan Maryanne (SVP & General Counsel) disposed off 5,406 shares at an average price of $383.84 for $2.08 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 90.20% up over the past 12 months. Short interest in the company’s stock has fallen -35.08% from the last report on Apr 14, 2021 to stand at a total of 4.12 million short shares sold with a short interest ratio of 2.35.