Lockheed Martin Corp (NYSE: LMT) is -4.73% lower on its value in year-to-date trading and has touched a low of $413.92 and a high of $618.95 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 $459.65 in the last trading session, with the day’s gains setting it 3.3%.
Currently trading at $462.95, the stock is -3.53% and -6.81% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.47 million and changing 0.72% at the moment leaves the stock -10.10% off its SMA200. LMT registered 7.24% gain for a year compared to 6-month loss of -14.57%. The firm has a 50-day simple moving average (SMA 50) of $496.7976 and a 200-day simple moving average (SMA200) of $514.95465.
The stock witnessed a -4.22% gain in the last 1 month and extending the period to 3 months gives it a -15.33%, and is -6.84% 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 2.67% over the week and 2.01% over the month.
Lockheed Martin Corp (LMT) has around 121000 employees, a market worth around $108.97B and $71.04B in sales. Current P/E ratio is 20.79 and Fwd P/E is 15.52. Profit margin for the company is 7.51%. Distance from 52-week low is 11.85% and -25.20% from its 52-week high. The company has generated returns on investments over the last 12 months (19.92%).
with sales reaching $17.87B over the same period.The EPS is expected to grow by 22.72% this year, but quarterly earnings will post 4.69% year-over-year. Quarterly sales are estimated to grow 3.95% in year-over-year returns.
Lockheed Martin Corp (LMT) Top Institutional Holders
2958.0 institutions hold shares in Lockheed Martin Corp (LMT), with institutional investors hold 74.51% of the company’s shares. The shares outstanding are 235.39M, and float is at 235.24M with Short Float at 1.16%. Institutions hold 74.46% 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
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Lockheed Martin Corp disclosed in a document filed with the SEC on Aug 01 ’24 that Hill Stephanie C. (Pres. Rotary & Mission Systems) sold a total of 3,272 shares of the company’s common stock. The trade occurred on Aug 01 ’24 and was made at $542.72 per share for $1.78 million. Following the transaction, the insider now directly holds 9332.0 shares of the LMT stock.
Still, SEC filings show that on Aug 01 ’24, STEPHANIE C HILL TODNAMED BENE (Officer) Proposed Sale 3,272 shares at an average price of $542.72 for $1.78 million. The insider now directly holds shares of Lockheed Martin Corp (LMT).
