In yesterday’s Wall Street session, Lockheed Martin Corporation (NYSE:LMT) shares traded at $446.37, down -0.59% from the previous session.
24 analysts cover Lockheed Martin Corporation (NYSE:LMT), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $555.00 and a low of $374.00, we find $505.00. Given the previous closing price of $449.00, this indicates a potential upside of 12.47 percent. LMT stock price is now -2.25% away from the 50-day moving average and -4.44% away from the 200-day moving average. The market capitalization of the company currently stands at $112.32B.
The stock has received a hold rating from 16 analysts and a buy rating from 6. Brokers who have rated the stock have averaged $500.37 as their price target over the next twelve months.
With the price target reduced from $575 to $550, Susquehanna maintained Positive rating for Lockheed Martin Corporation (NYSE: LMT).
In other news, Donovan John, Director bought 548 shares of the company’s stock on Jul 19. The stock was bought for $250,476 at an average price of $457.07. Upon completion of the transaction, the Director now directly owns 3,378 shares in the company, valued at $1.51 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 20, Executive Vice President Hill Stephanie C. sold 2,391 shares of the business’s stock. A total of $1,173,593 was realized by selling the stock at an average price of $490.84. This leaves the insider owning 12,604 shares of the company worth $5.63 million. Insiders disposed of 58,349 shares of company stock worth roughly $26.05 million over the past 1 year. A total of 0.07% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LMT stock. A new stake in Lockheed Martin Corporation shares was purchased by MIZUHO MARKETS CAYMAN LP during the first quarter worth $100,415,000. BRANDYWINE GLOBAL INVESTMENT MANAGEMENT, LLC invested $99,687,000 in shares of LMT during the first quarter. In the first quarter, SWS PARTNERS acquired a new stake in Lockheed Martin Corporation valued at approximately $44,147,000. ALYESKA INVESTMENT GROUP, L.P. acquired a new stake in LMT for approximately $36,435,000. POINT72 ASSET MANAGEMENT, L.P. purchased a new stake in LMT valued at around $21,132,000 in the second quarter. In total, there are 2,661 active investors with 76.30% ownership of the company’s stock.
On Monday morning Lockheed Martin Corporation (NYSE: LMT) stock kicked off with the opening price of $449.71. During the past 12 months, Lockheed Martin Corporation has had a low of $381.55 and a high of $508.10. As of last week, the company has a debt-to-equity ratio of 1.90, a current ratio of 1.40, and a quick ratio of 1.20. According to the stock market information, the enterprise value for the company is $126.94B, which is based on a 16.31 price-to-earnings ratio, a 1.50 price-to-earnings-growth ratio, and a beta of 0.65. The fifty day moving average price for LMT is $456.42 and a two-hundred day moving average price translates $467.27 for the stock.
The latest earnings results from Lockheed Martin Corporation (NYSE: LMT) was released for Jun, 2023. According to the Aerospace & Defense Company, earnings per share came in at $6.63, beating analysts’ expectations of $6.45 by 0.18. This compares to $1.16 EPS in the same period last year. The net profit margin was 10.50% and return on equity was 70.40% for LMT. The company reported revenue of $16.69 billion for the quarter, compared to $15.45 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.07 percent. For the current quarter, analysts expect LMT to generate $16.72B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/22/2023. Investors who held shares on 09/01/2023 were paid a $3.00 dividend. On an annualized basis, this represents a $12.00 dividend and a 2.69% percent yield. There was an ex-dividend date of 08/31/2023 for this dividend. In terms of dividend payout ratio, LMT is presently at 43.00%.
Lockheed Martin Corporation(LMT) Company Profile
Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies. The Missiles and Fire Control segment provides air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support, and integration services; manned and unmanned ground vehicles; and energy management solutions. The Rotary and Mission Systems segment offers military and commercial helicopters, surface ships, sea and land-based missile defense systems, radar systems, sea and air-based mission and combat systems, command and control mission solutions, cyber solutions, and simulation and training solutions. The Space segment offers satellites; space transportation systems; strategic, advanced strike, and defensive systems; and classified systems and services in support of national security systems. This segment also provides network-enabled situational awareness and integrates space and ground global systems to help its customers gather, analyze, and securely distribute critical intelligence data. It serves primarily serves the U.S. government, as well as foreign military sales contracted through the U.S. government. Lockheed Martin Corporation was founded in 1912 and is headquartered in Bethesda, Maryland.
