At the last check on Thursday, Lockheed Martin Corporation’s (NYSE:LMT) stock was down -$5.1, moving down -1.19 percent to $421.85. The average number of shares traded per day over the past five days has been 991,937 shares. 2 times new highs have been achieved over the past 5 days, with a -$4.29 fall in that time frame. In the last twenty days, the average volume was 1,057,934, while in the previous 50 days, it was 1,096,454.
Since last month, LMT stock retreated -6.86%. Shares of the company fell to $415.94 on 09/12/23, the lowest level in the past month. A 52-week high of $508.10 was reached on 04/18/23 after having rallying from a 52-week low of $381.55. Since the beginning of this year, LMT’s stock price has dropped by -13.29% or -$64.89, and marked a new high 8 times. However, the stock has declined by -16.98% since its 52-week high.
LMT stock investors should be aware that Lockheed Martin Corporation (LMT) stock had its last reported insider trading activity 64 days ago on Jul 19. Donovan John, the Director of the company, purchased of 548 shares for $457.07 on Jul 19. It resulted in a $250,476 investment by the insider. Hill Stephanie C. sold 2,391 shares at an average price of $490.84 on Apr 20. The insider now owns 12,604 shares following the transaction. On Apr 19, Director Donovan John bought 506 shares at $495.17 apiece. The transaction was valued at $250,556.
Valuation Metrics
Right now, Lockheed Martin Corporation (LMT) has a P/E ratio of about 15.42. The stock’s beta is 0.66. Besides these, the trailing price-to-sales (P/S) ratio of 1.58, the price-to-book (PB) ratio of 11.54, and the price-to-cash flow ratio of 17.77 may also be considered.
The latest dividend of $3.00 per share was paid out, remained unchanged from last year’s $3.00. On Friday September 30 2022, a $0.20 dividend increase was announced.
Financial Health
In the three months ended June 29, Lockheed Martin Corporation’s quick ratio stood at 1.20, while its current ratio was 1.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.87, and the total debt-to-equity ratio was 1.90. On the profitability front, the trailing twelve-month gross margin is 12.80% percent. In the year ended June 29, EBITDA margin amounted to 15.33%, whereas operating margins totaled 12.80%. Based on annual data, LMT earned $8.29 billion in gross profit and brought in $65.98 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 23.80%. Return on equity (ROE) for the past 12 months was 70.40%.
In Lockheed Martin Corporation’s quarter-end financial report for June 29, it reported total debt of $17.26 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. LMT’s revenue rose 7.47% to $15.13 billion during the quarter, while net income inched up to $16.69 billion. While analysts expected Lockheed Martin Corporation to report $6.45 quarterly earnings, the actual figure was $6.63 per share, beating the consensus estimate by 2.80%. During the quarter, the company generated $2.47 billion in EBITDA. The liabilities of Lockheed Martin Corporation were 47.74 billion at the end of its most recent quarter ended June 29, and its total debt was $17.55 billion. The value of shareholders’ equity is $251.83 million.
Technical Picture
This quick technical analysis looks at Lockheed Martin Corporation’s (LMT) price momentum. With a historical volatility rate of 14.88%, the RSI 9-day stood at 35.87% on 20 September.
With respect to its five-day moving average, the current Lockheed Martin Corporation price is down by -1.01% percent or -$4.29. At present, LMT shares trade -7.25% below its 20-day simple moving average and -9.23% percent below its 100-day simple moving average. However, the stock is currently trading approximately -8.74% below its SMA50 and -15.04% below its SMA200.
Stochastic coefficient K was 22.80% and Stochastic coefficient D was 26.05%, while ATR was 6.04. Given the Stochastic reading of 15.74% for the 14-day period, the RSI (14) reading has been calculated as 36.26%. As of today, the MACD Oscillator reading stands at 0.94, while the 14-day reading stands at -2.49.
Analyst Ratings
Wells Fargo upgraded its rating on Lockheed Martin Corporation (NYSE: LMT) to an Equal weight in a note to investors on September 18, 2023. The analysts firm previously had an Underweight rating on the stock.Lockheed Martin Corporation (LMT) has been rated Hold by analysts. According to 1 brokerage firm, LMT is a sell, and 17 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Lockheed Martin Corporation stock as buy, with 6 recommending it as overweight.
With a median target price of $505.00, the current consensus forecast for the stock is $374.00 – $555.00. Based on these forecasts, analysts predict Lockheed Martin Corporation (LMT) will achieve an average price target of $500.37.
