The stock of Lockheed Martin Corp. (LMT) has seen a 5.19% increase in the past week, with a 16.18% gain in the past month, and a 16.56% flourish in the past quarter. The volatility ratio for the week is 2.10%, and the volatility levels for the past 30 days are at 1.58% for LMT. The simple moving average for the last 20 days is 12.16% for LMT’s stock, with a simple moving average of 19.67% for the last 200 days.
Is It Worth Investing in Lockheed Martin Corp. (NYSE: LMT) Right Now?
Lockheed Martin Corp. (NYSE: LMT) has a price-to-earnings ratio of 19.67x that is above its average ratio. Additionally, the 36-month beta value for LMT is 0.44. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 4 rating it as “overweight,” 16 rating it as “hold,” and 1 rating it as “sell.”
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The public float for LMT is 238.22M and currently, short sellers hold a 0.72% ratio of that float. The average trading volume of LMT on August 01, 2024 was 986.65K shares.
LMT) stock’s latest price update
The stock price of Lockheed Martin Corp. (NYSE: LMT) has jumped by 0.79 compared to previous close of 537.66. Despite this, the company has seen a gain of 5.19% in its stock price over the last five trading days. zacks.com reported 2024-07-31 that Best Buy (BBY), AES, Lockheed Martin (LMT), PulteGroup (PHM) and Banco de Chile (BCH) are some of the stocks with high ROE to profit from as the markets await the Federal Reserve’s update on the monetary policy.
Analysts’ Opinion of LMT
Deutsche Bank, on the other hand, stated in their research note that they expect to see LMT reach a price target of $600, previously predicting the price at $540. The rating they have provided for LMT stocks is “Buy” according to the report published on July 26th, 2024.
TD Cowen gave a rating of “Buy” to LMT, setting the target price at $560 in the report published on July 24th of the current year.
LMT Trading at 14.72% 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 able to rebound, for now settling with 0.64% of gains for the given period.
Volatility was left at 1.58%, however, over the last 30 days, the volatility rate increased by 2.10%, as shares surge +16.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.24% upper at present.
During the last 5 trading sessions, LMT rose by +5.19%, which changed the moving average for the period of 200-days by +24.83% in comparison to the 20-day moving average, which settled at $486.97. In addition, Lockheed Martin Corp. saw 19.57% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LMT starting from Cahill Timothy S, who sale 3,975 shares at the price of $515.36 back on Jul 24 ’24. After this action, Cahill Timothy S now owns 8,877 shares of Lockheed Martin Corp., valued at $2,048,563 using the latest closing price.
Hill Stephanie C., the Pres. Rotary & Mission Systems of Lockheed Martin Corp., sale 4,499 shares at $431.59 during a trade that took place back on Mar 06 ’24, which means that Hill Stephanie C. is holding 12,604 shares at $1,941,710 based on the most recent closing price.
Stock Fundamentals for LMT
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.12 for the gross margin
The net margin for Lockheed Martin Corp. stands at 0.09. The total capital return value is set at 0.23. Equity return is now at value 87.40, with 12.02 for asset returns.
Based on Lockheed Martin Corp. (LMT), the company’s capital structure generated 0.76 points at debt to capital in total, while cash flow to debt ratio is standing at 0.46. The debt to equity ratio resting at 3.12. The interest coverage ratio of the stock is 776.82.
Currently, EBITDA for the company is 10.44 billion with net debt to EBITDA at 1.71. When we switch over and look at the enterprise to sales, we see a ratio of 2.05. The receivables turnover for the company is 4.22for 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 1.24.
Conclusion
In conclusion, Lockheed Martin Corp. (LMT) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
