Lockheed Martin Corp. (NYSE: LMT) is 33.09% higher on its value in year-to-date trading and has touched a low of $393.77 and a high of $611.49 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 $605.86 in the last trading session, with the day’s loss setting it -2.66%.
Currently trading at $603.20, the stock is 4.96% and 7.85% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing -0.44% at the moment leaves the stock 26.01% off its SMA200. LMT registered 47.91% gain for a year compared to 6-month gain of 34.67%. The firm has a 50-day simple moving average (SMA 50) of $561.3522 and a 200-day simple moving average (SMA200) of $479.4961.
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The stock witnessed a 6.34% loss in the last 1 month and extending the period to 3 months gives it a 29.43%, and is 4.37% 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 2.09% over the week and 1.58% over the month.
Lockheed Martin Corp. (LMT) has around 122000 employees, a market worth around $143.78B and $71.07B in sales. Current P/E ratio is 21.89 and Fwd P/E is 21.15. Profit margin for the company is 9.48%. Distance from 52-week low is 53.19% and -1.36% from its 52-week high. The company has generated returns on investments over the last 12 months (26.64%).
Lockheed Martin Corp. quarterly earnings per share for the current quarter are estimated at 6.45 with sales reaching $17.47B over the same period.The EPS is expected to shrink by -4.61% this year, but quarterly earnings will post 5.20% year-over-year. Quarterly sales are estimated to grow 4.40% in year-over-year returns.
2776.0 institutions hold shares in Lockheed Martin Corp. (LMT), with institutional investors hold 74.11% of the company’s shares. The shares outstanding are 240.00M, and float is at 238.22M with Short Float at 1.23%. Institutions hold 74.06% of the Float.
The top institutional shareholder in the company is STATE STREET CORP with over 36.01 million shares valued at $16.82 billion. The investor’s holdings represent 14.9586 of the LMT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 21.43 million shares valued at $10.01 billion to account for 8.902 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 17.0 million shares representing 7.064 and valued at over $7.94 billion, while CHARLES SCHWAB INVESTMENT MANAGEMENT INC holds 2.8271 of the shares totaling 6.8 million with a market value of $3.18 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 3,272 shares of the company’s common stock on Aug 01 ’24 at a price of $542.72 per share for a total of $1.78 million. Following the sale, the insider now owns 9332.0 shares.
Still, SEC filings show that on Jul 24 ’24, Cahill Timothy S (Pres. Missiles & Fire Control) disposed off 3,975 shares at an average price of $515.36 for $2.05 million. The insider now directly holds 8,877 shares of Lockheed Martin Corp. (LMT).
