Lockheed Martin Corp. (NYSE: LMT) is -3.85% lower on its value in year-to-date trading and has touched a low of $393.77 and a high of $508.10 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LMT stock was last observed hovering at around $434.60 in the last trading session, with the day’s gains setting it 1.17%.
Currently trading at $435.77, the stock is 1.48% and -0.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.15 million and changing 0.27% at the moment leaves the stock -1.71% off its SMA200. LMT registered -9.00% loss for a year compared to 6-month gain of 3.51%. The firm has a 50-day simple moving average (SMA 50) of $1.80 and a 200-day simple moving average (SMA200) of $11.62.
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The stock witnessed a 2.17% loss in the last 1 month and extending the period to 3 months gives it a -3.51%, and is 1.34% up 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 0.95% over the week and 1.17% over the month.
Lockheed Martin Corp. (LMT) has around 122000 employees, a market worth around $105.30B and $67.57B in sales. Current P/E ratio is 15.82 and Fwd P/E is 15.82. Profit margin for the company is 10.24%. Distance from 52-week low is 10.67% and -14.24% from its 52-week high. The company has generated returns on investments over the last 12 months (27.69%).
Lockheed Martin Corp. quarterly earnings per share for the current quarter are estimated at $5.8 with sales reaching $15.86B over the same period.The EPS is expected to shrink by -6.43% this year, but quarterly earnings will post 2.70% year-over-year. Quarterly sales are estimated to grow 4.90% in year-over-year returns.
2,782 institutions hold shares in Lockheed Martin Corp. (LMT), with institutional investors hold 75.04% of the company’s shares. The shares outstanding are 241.64M, and float is at 241.47M with Short Float at 0.72%. Institutions hold 74.97% of the Float.
The top institutional shareholder in the company is State Street Corporation with over 37.9 million shares valued at $17.45 billion. The investor’s holdings represent 15.28% of the LMT Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 22.02 million shares valued at $10.14 billion to account for 8.88% of the shares outstanding. The other top investors are Blackrock Inc. which holds 16.69 million shares representing 6.73% and valued at over $7.68 billion, while Capital World Investors holds 3.02% of the shares totaling 7.49 million with a market value of $3.45 billion.
Lockheed Martin Corp. (LMT) Insider Activity
The most recent transaction is an insider sale by Hill Stephanie C., the company’s Pres. Rotary & Mission Systems. SEC filings show that Hill Stephanie C. sold 4,499 shares of the company’s common stock on Mar 06 ’24 at a price of $431.59 per share for a total of $1.94 million. Following the sale, the insider now owns 12604.0 shares.
Lockheed Martin Corp. disclosed in a document filed with the SEC on Mar 05 ’24 that Ulmer Gregory M (President Aeronautics) sold a total of 6,204 shares of the company’s common stock. The trade occurred on Mar 05 ’24 and was made at $431.19 per share for $2.68 million. Following the transaction, the insider now directly holds 0.0 shares of the LMT stock.
Still, SEC filings show that on Mar 05 ’24, Lavan Maryanne (SVP & General Counsel) disposed off 4,022 shares at an average price of $434.39 for $1.75 million. The insider now directly holds 0 shares of Lockheed Martin Corp. (LMT).
