Market Update: Lockheed Martin Corp. (LMT) Sees Negative Movement, Closing at 464.08

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In the latest session, Lockheed Martin Corp. (NYSE: LMT) closed at $464.08 down -0.66% from its previous closing price of $467.18. In other words, the price has decreased by -$0.66 from its previous closing price. On the day, 0.8 million shares were traded. LMT stock price reached its highest trading level at $467.4 during the session, while it also had its lowest trading level at $463.51.

Ratios:

For a deeper understanding of Lockheed Martin Corp.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 39.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.91. For the most recent quarter (mrq), Quick Ratio is recorded 1.11 and its Current Ratio is at 1.30. In the meantime, Its Debt-to-Equity ratio is 2.92 whereas as Long-Term Debt/Eq ratio is at 2.89.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, JP Morgan on April 15, 2024, Upgraded its rating to Overweight and sets its target price to $518 from $475 previously.

On October 11, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $470.

Jefferies reiterated its Hold rating for the stock on October 04, 2023, while the target price for the stock was revised from $505 to $455.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 06 ’24 when Hill Stephanie C. sold 4,499 shares for $431.59 per share. The transaction valued at 1,941,710 led to the insider holds 12,604 shares of the business.

Ulmer Gregory M sold 6,204 shares of LMT for $2,675,125 on Mar 05 ’24. The President Aeronautics now owns 0 shares after completing the transaction at $431.19 per share. On Mar 05 ’24, another insider, Lavan Maryanne, who serves as the SVP & General Counsel of the company, sold 4,022 shares for $434.39 each. As a result, the insider received 1,747,313 and left with 0 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 111350423552 and an Enterprise Value of 127978496000. As of this moment, Lockheed’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.98, and their Forward P/E ratio for the next fiscal year is 16.61. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.52. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.60 while its Price-to-Book (P/B) ratio in mrq is 16.74. Its current Enterprise Value per Revenue stands at 1.838 whereas that against EBITDA is 12.604.

Stock Price History:

The Beta on a monthly basis for LMT is 0.47, which has changed by 0.018277526 over the last 52 weeks, in comparison to a change of 0.2644323 over the same period for the S&P500. Over the past 52 weeks, LMT has reached a high of $479.50, while it has fallen to a 52-week low of $393.77. The 50-Day Moving Average of the stock is 2.65%, while the 200-Day Moving Average is calculated to be 4.78%.

Shares Statistics:

For the past three months, LMT has traded an average of 1.07M shares per day and 712180 over the past ten days. A total of 240.00M shares are outstanding, with a floating share count of 239.79M. Insiders hold about 0.06% of the company’s shares, while institutions hold 75.82% stake in the company. Shares short for LMT as of 1714435200 were 1940400 with a Short Ratio of 1.82, compared to 1711584000 on 2175332. Therefore, it implies a Short% of Shares Outstanding of 1940400 and a Short% of Float of 0.9599999499999999.

Dividends & Splits

According to the company, the forward annual dividend rate for LMT is 12.30, from 12.3 in the trailing year. Against a Trailing Annual Dividend Yield of 0.026328182The stock’s 5-year Average Dividend Yield is 2.61. The current Payout Ratio is 44.11% for LMT, which recently paid a dividend on 2024-02-29 with an ex-dividend date of 1717372800. Stock splits for the company last occurred on 1999-01-04 when the company split stock in a 2:1 ratio.

Earnings Estimates

Lockheed Martin Corp. (LMT) is currently under the scrutiny of 18.0 analysts, each contributing to the ongoing evaluation of its stock.On average, analysts expect EPS of $6.46 for the current quarter, with a high estimate of $6.75 and a low estimate of $6.03, while EPS last year was $6.63. The consensus estimate for the next quarter is $6.41, with high estimates of $6.83 and low estimates of $6.02.

Analysts are recommending an EPS of between $26.85 and $25.88 for the fiscal current year, implying an average EPS of $26.28. EPS for the following year is $28.03, with 20.0 analysts recommending between $28.9 and $26.45.

Revenue Estimates

For the next quarter, 17 analysts are estimating revenue of $17.32B. There is a high estimate of $17.66B for the next quarter, whereas the lowest estimate is $16.91B.

A total of 22 analysts have provided revenue estimates for LMT’s current fiscal year. The highest revenue estimate was $70.73B, while the lowest revenue estimate was $68.73B, resulting in an average revenue estimate of $69.76B. In the same quarter a year ago, actual revenue was $67.57BBased on 22 analysts’ estimates, the company’s revenue will be $72.36B in the next fiscal year. The high estimate is $73.82B and the low estimate is $70.58B.

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