The stock of Lockheed Martin Corporation (NYSE:LMT) increased by increased by $1.46 on Friday to finish at $374.60, up 0.39 percent. The last five days have seen an average of 983,380 shares of common stock traded. 15 times new highs were reached in the current year, with a gain of $19.62. The average number of shares traded over the last 20 days was 1,058,775, while the average volume over the last 50 days totaled 1,209,112.
LMT stock appreciated 8.83% since last month. On 09/23/21, the company’s shares reached a one-month low of $340.11. The stock touched a high of $396.99 on 05/10/21, after rallying from a low of $319.81 in 52 weeks. The price of LMT stock has risen by 5.53% or $19.62 this year, reaching a new high 15 times. Still, the stock price is down -5.64% from the 52-week high.
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There have been 154 days since Lockheed Martin Corporation (LMT) last reported insider trading activity on May 24. On May 24, Chief Financial Officer Possenriede Kenneth R sold 2,787 shares at $387.53 each. This transaction resulted in the insider making $1,080,038. On Apr 26, St John Frank A sold 6,855 shares at a price of US$371.95. After the transaction, the insider now owns 0 shares. Executive Vice President Ambrose Richard F had earlier sold 3,446 shares on Apr 23 for $377.38 a share. The transaction was completed for $1,300,445.
Lockheed Martin Corporation (LMT) has a trailing price-to-earnings (P/E) ratio of 14.57. This level actually compares favorably with the industry at large, as the PE for the Aerospace & Defense industry stands at about 32.63. Further, its PE also compares favorably with the Industrials sector’s trailing 12 months PE ratio, which comes in at 29.83 right now. The PE ratio of Lockheed Martin Corporation has varied between 51.28 and 12.62 in the last five years. Beta for the stock is 0.99. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.55, the price-to-book (PB) ratio of 15.93, and the price-to-cash flow ratio of 48.88.
Lockheed Martin Corporation’s dividend is $10.40 per share per year. With a dividend yield of 2.78%, LMT has a payout ratio of 39.80%. Company paid $2.80 per share in dividends, an increase of 7.69% from $2.60 last year. A $0.20 dividend increase was reported on Thursday September 23 2021, making it the 19 consecutive year the dividend has increased. Over the last three years, dividends have increased by 31.37%.
For the three months ended June 29, Lockheed Martin Corporation’s quick ratio was 1.20, while its current ratio was 1.40, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.79, and the total debt to equity ratio is 1.87. As far as profitability goes, gross margin for the trailing twelve months is 13.10% percent. Lockheed Martin Corporation’s EBITDA margin for the year ended June 29 was 14.89%, whereas its operating margin stood at 13.20% for the same period. Based on annual data, it had gross profit of $8.65 billion and revenue of $65.4 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. LMT’s return on assets (ROA) during the last 12 months has been 13.90%. There was a 40.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 120.00%. ROE has averaged 8.06 in the past year for the broader industry.
According to Lockheed Martin Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $17.03 billion, while revenues rose by 4.75% to $16.26 billion. It was predicted that Lockheed Martin Corporation’s quarterly earnings would be $6.52, but it ended up being $6.53, beating the consensus by -0.20%. EBITDA was $2.53 billion for the quarter. At the end of Lockheed Martin Corporation’s most recent quarter ended June 29, its liabilities totaled 45.57 billion, while its total debt was $12.17 billion. Equity owned by shareholders amounts to $276.92 million.
Here’s a quick look at Lockheed Martin Corporation’s (LMT) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 85.11%, suggesting the stock is Overbought, with a 6.54% historical volatility rate.
The stochastic %K and %D were 95.80% and 96.12% respectively, while the average true range (ATR) was 5.44. Based on the 14-day stochastic reading of 92.63%, the RSI (14) reading is 75.76%. On the 9-day MACD Oscillator, the stock is at 6.01, and the 14-day reading is at 11.32.
Lockheed Martin Corporation (NYSE: LMT) was downgraded by Cowen to a a Market perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Lockheed Martin Corporation (LMT) an Overweight rating. LMT is a stock that is recommended for selling by 0 brokerage firms, while 10 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 9 others recommend it as a buy.
What is LMT’s price target for the next 12 months?
The current consensus forecast for the stock is between $375.00 and $462.00, with a median target price of $424.50. In analyzing these forecasts, the average price target given by analysts for Lockheed Martin Corporation (LMT) is $421.44.