Lockheed Martin Corp.’s Market Journey: Closing Weak at 555.17, Down -1.27

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The closing price of Lockheed Martin Corp. (NYSE: LMT) was $555.17 for the day, down -1.27% from the previous closing price of $562.29. In other words, the price has decreased by -$1.27 from its previous closing price. On the day, 1.28 million shares were traded. LMT stock price reached its highest trading level at $563.155 during the session, while it also had its lowest trading level at $554.495.

Ratios:

Our analysis of LMT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 41.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.22. For the most recent quarter (mrq), Quick Ratio is recorded 1.12 and its Current Ratio is at 1.30. In the meantime, Its Debt-to-Equity ratio is 2.68 whereas as Long-Term Debt/Eq ratio is at 2.66.

On August 05, 2024, RBC Capital Mkts Upgraded its rating to Outperform which previously was Sector Perform and also upped its target price recommendation from $500 to $600.

BofA Securities Upgraded its Neutral to Buy on July 31, 2024, whereas the target price for the stock was revised from $465 to $635.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 01 ’24 when Hill Stephanie C. sold 3,272 shares for $542.72 per share. The transaction valued at 1,775,771 led to the insider holds 9,332 shares of the business.

STEPHANIE C HILL TODNAMED BENE bought 3,272 shares of LMT for $1,775,771 on Aug 01 ’24. On Jul 24 ’24, another insider, Cahill Timothy S, who serves as the Pres. Missiles & Fire Control of the company, sold 3,975 shares for $515.36 each. As a result, the insider received 2,048,563 and left with 8,877 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LMT now has a Market Capitalization of 132529070080 and an Enterprise Value of 147764871168. As of this moment, Lockheed’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.09, and their Forward P/E ratio for the next fiscal year is 19.80. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.24. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.85 while its Price-to-Book (P/B) ratio in mrq is 18.20. Its current Enterprise Value per Revenue stands at 2.073 whereas that against EBITDA is 14.45.

Stock Price History:

Over the past 52 weeks, LMT has reached a high of $618.95, while it has fallen to a 52-week low of $413.92. The 50-Day Moving Average of the stock is -4.24%, while the 200-Day Moving Average is calculated to be 12.73%.

Shares Statistics:

LMT traded an average of 989.05K shares per day over the past three months and 1101770 shares per day over the past ten days. A total of 240.00M shares are outstanding, with a floating share count of 236.90M. Insiders hold about 0.06% of the company’s shares, while institutions hold 74.10% stake in the company. Shares short for LMT as of 1728950400 were 2404799 with a Short Ratio of 2.43, compared to 1726185600 on 2927117. Therefore, it implies a Short% of Shares Outstanding of 2404799 and a Short% of Float of 1.2200001.

Dividends & Splits

With its trailing 12-month dividend rate of 12.6, LMT has a forward annual dividend rate of 12.60. Against a Trailing Annual Dividend Yield of 0.022408368The stock’s 5-year Average Dividend Yield is 2.61.

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