Lockheed Martin Corp. (NYSE: LMT)’s stock price has gone rise by 0.92 in comparison to its previous close of 447.57, however, the company has experienced a 0.85% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-09 that Lockheed Martin (LMT) closed the most recent trading day at $447.57, moving -1.06% from the previous trading session.
Is It Worth Investing in Lockheed Martin Corp. (NYSE: LMT) Right Now?
The price-to-earnings ratio for Lockheed Martin Corp. (NYSE: LMT) is 16.40x, which is above its average ratio. Moreover, the 36-month beta value for LMT is 0.47. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 7 as “overweight,” 12 as “hold,” and 0 as “sell.”
The public float for LMT is 241.50M and currently, short sellers hold a 0.90% of that float. On April 11, 2024, LMT’s average trading volume was 1.17M shares.
LMT’s Market Performance
LMT stock saw an increase of 0.85% in the past week, with a monthly gain of 3.90% and a quarterly increase of -1.00%. The volatility ratio for the week is 1.56%, and the volatility levels for the last 30 days are 1.11% for Lockheed Martin Corp. (LMT). The simple moving average for the last 20 days is 1.41% for LMT’s stock, with a simple moving average of 2.09% for the last 200 days.
Analysts’ Opinion of LMT
Many brokerage firms have already submitted their reports for LMT stocks, with UBS repeating the rating for LMT by listing it as a “Neutral.” The predicted price for LMT in the upcoming period, according to UBS is $470 based on the research report published on October 11, 2023 of the previous year 2023.
Jefferies, on the other hand, stated in their research note that they expect to see LMT reach a price target of $455, previously predicting the price at $505. The rating they have provided for LMT stocks is “Hold” according to the report published on October 04th, 2023.
Deutsche Bank gave a rating of “Hold” to LMT, setting the target price at $435 in the report published on September 28th of the previous year.
LMT Trading at 3.80% from the 50-Day Moving Average
After a stumble in the market that brought LMT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.10% of loss for the given period.
Volatility was left at 1.11%, however, over the last 30 days, the volatility rate increased by 1.56%, as shares surge +3.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.54% upper at present.
During the last 5 trading sessions, LMT rose by +0.85%, which changed the moving average for the period of 200-days by -1.67% in comparison to the 20-day moving average, which settled at $446.25. In addition, Lockheed Martin Corp. saw -0.34% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LMT starting from Hill Stephanie C., who sale 4,499 shares at the price of $431.59 back on Mar 06 ’24. After this action, Hill Stephanie C. now owns 12,604 shares of Lockheed Martin Corp., valued at $1,941,710 using the latest closing price.
Ulmer Gregory M, the President Aeronautics of Lockheed Martin Corp., sale 6,204 shares at $431.19 during a trade that took place back on Mar 05 ’24, which means that Ulmer Gregory M is holding 0 shares at $2,675,125 based on the most recent closing price.
Stock Fundamentals for LMT
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.13 for the gross margin
The net margin for Lockheed Martin Corp. stands at 0.1. The total capital return value is set at 0.24. Equity return is now at value 85.96, with 13.14 for asset returns.
Based on Lockheed Martin Corp. (LMT), the company’s capital structure generated 0.72 points at debt to capital in total, while cash flow to debt ratio is standing at 0.45. The debt to equity ratio resting at 2.55. The interest coverage ratio of the stock is 19.25.
Currently, EBITDA for the company is 10.44 billion with net debt to EBITDA at 1.61. When we switch over and look at the enterprise to sales, we see a ratio of 1.85. The receivables turnover for the company is 4.41for trailing twelve months and the total asset turnover is 1.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.21.
Conclusion
To wrap up, the performance of Lockheed Martin Corp. (LMT) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
