The stock of Lockheed Martin Corporation (NYSE:LMT) increased by $4.0 on Friday to finish at $454.05, up 0.89 percent. The last five days have seen an average of 825,960 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$32.44. The average number of shares traded over the last 20 days was 1,280,480, while the average volume over the last 50 days totaled 1,037,612.
LMT stock dropped -2.64% since last month. On 07/31/23, the company’s shares reached a one-month low of $444.63. The stock touched a high of $508.10 on 04/18/23, after rallying from a low of $381.55 in 52 weeks. The price of LMT stock has declined by -6.67% or -$32.44 this year, reaching a new high 8 times. Still, the stock price is down -10.64% from the 52-week high.
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Insider Transactions
LMT stock investors should be aware that Lockheed Martin Corporation (LMT) stock had its last reported insider trading activity 26 days ago on Jul 19. On Jul 19, Director Donovan John acquired 548 shares at $457.07 each. This transaction resulted in the insider spending $250,476. On Apr 20, Hill Stephanie C. sold 2,391 shares at a price of US$490.84. After the transaction, the insider now owns 12,604 shares. Director Donovan John had earlier bought 506 shares on Apr 19 for $495.17 a share. The transaction was completed for $250,556.
Valuation Metrics
Lockheed Martin Corporation (LMT) has a trailing price-to-earnings (P/E) ratio of 16.60. Beta for the stock is 0.65. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.68, the price-to-book (PB) ratio of 12.42, and the price-to-cash flow ratio of 18.88.
Company paid $3.00 per share in dividends, remained unchanged from $3.00 last year.
Financial Health
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 1.87, and the total debt to equity ratio is 1.90. As far as profitability goes, gross margin for the trailing twelve months is 12.80% percent. Lockheed Martin Corporation’s EBITDA margin for the year ended June 29 was 15.33%, whereas its operating margin stood at 12.80% for the same period. Based on annual data, it had gross profit of $8.29 billion and revenue of $65.98 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 13.00%. There was a 23.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 70.40%.
Earnings Surprise
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 $16.69 billion, while revenues rose by 7.47% to $15.13 billion. It was predicted that Lockheed Martin Corporation’s quarterly earnings would be $6.63, but it ended up being $6.45, beating the consensus by 2.80%. EBITDA was $2.47 billion for the quarter. At the end of Lockheed Martin Corporation’s most recent quarter ended June 29, its liabilities totaled 47.74 billion, while its total debt was $17.55 billion. Equity owned by shareholders amounts to $251.83 million.
Technical Picture
Here’s a quick look at Lockheed Martin Corporation’s (LMT) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 54.50%, suggesting the stock is Neutral, with a 11.26% historical volatility rate.
The stochastic %K and %D were 59.33% and 49.78% respectively, while the average true range (ATR) was 5.33. Based on the 14-day stochastic reading of 75.85%, the RSI (14) reading is 50.96%. On the 9-day MACD Oscillator, the stock is at 2.34, and the 14-day reading is at 2.26.
Analyst Ratings
In a note to investors, Susquehanna maintained its a Positive rating on Lockheed Martin Corporation (NYSE: LMT). However, the firm raised their price target to $550, indicating a possible increase of 21.03% in the stock price. Analysts have assigned Lockheed Martin Corporation (LMT) an Hold rating. LMT is a stock that is recommended for selling by 2 brokerage firms, while 16 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 6 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 $374.00 and $555.00, with a median target price of $505.00. In analyzing these forecasts, the average price target given by analysts for Lockheed Martin Corporation (LMT) is $500.37.
