Lockheed Martin Corporation (LMT): Keep paying attention to its insider activity


Lockheed Martin Corporation (NYSE:LMT) saw an upside of 1.80% to close Tuesday at $449.23 after adding $7.95 on the day. The 5-day average trading volume is 1,825,920 shares of the company’s common stock. It has gained $450.96 in the past week and touched a new high 2 times within the past 5 days. An average of 1,431,390 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,406,256.

LMT’s 1-month performance is -7.88% or -$34.06 on its low of $437.62 reached on 01/20/23. The company’s shares have touched a 52-week low of $365.34 and high of $498.95, with the stock’s rally to the 52-week high happening on 01/06/23. YTD, LMT has lost -7.66% or -$37.26 and has reached a new high 2 times. However, the current price is down -9.96% from the 52-week high price.

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Insider Transactions

LMT stock investors last saw insider trading activity on Oct 20.Ulmer Gregory M (Executive Vice President) most recently sold 6,929 shares at $423.87 per share on Aug 03. This transaction cost the insider $2,937,014. Executive Vice President, Hill Stephanie C., sold 1,418 shares at a price of $449.80 on Mar 03. Then, on Mar 01, Chief Operating Officer St John Frank A sold 8,063 shares at a price of $435.91 per share. This transaction amounted to $3,514,923.

Valuation Metrics

LMT stock has a beta of 0.70. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.80 while the price-to-book (PB) in the most recent quarter is 9.91, with the price to cash flow ratio at 21.04.

Lockheed Martin Corporation’s quick ratio for the period ended September 29 was 1.10, with the current ratio over the same period at 1.30.. In terms of profitability, the gross margin trailing 12 months is 13.00%. The firm’s gross profit as reported stood at $9.06 billion against revenue of $67.04 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 65.47% to $1.78 billion, while revenue of $309.0 million was 82.62% off the previous quarter. Analysts expected LMT to announce $6.66 per share in earnings in its latest quarter, but it posted $6.71, representing a 0.80% surprise. EBITDA for the quarter stood at more than $2.45 billion. LMT stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 40.06 billion, with total debt at $11.48 billion. Shareholders hold equity totaling $262.07 million.

Let’s look briefly at Lockheed Martin Corporation (LMT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 38.80% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.30%.

The stock’s 5-day moving average is $442.87, reflecting a +0.46% or $2.07 change from its current price. LMT is currently trading -6.27% above its 20-day SMA, +5.67% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -7.41% and SMA200 by-1.18%.

Stochastic %K and %D was 13.72% and 8.05% and the average true range (ATR) pointed at 9.22. The RSI (14) points at 38.07%, while the 14-day stochastic is at 23.04% with the period’s ATR at 9.29. The stock’s 9-day MACD Oscillator is pointing at -3.86 and -11.42 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Lockheed Martin Corporation (NYSE: LMT), Goldman downgraded it to a Sell rating. They previously had a Neutral rating on the stock. Analysts offering their rating for LMT stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate LMT as a “sell,”, while 15 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 6 have offered a “buy” rating.


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