Lockheed Martin Corp. (NYSE: LMT)’s stock price has dropped by -5.22 in relation to previous closing price of 614.61. Nevertheless, the company has seen a loss of -3.71% in its stock price over the last five trading days. zacks.com reported 2024-10-22 that Although the revenue and EPS for Lockheed (LMT) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Is It Worth Investing in Lockheed Martin Corp. (NYSE: LMT) Right Now?
The price-to-earnings ratio for Lockheed Martin Corp. (NYSE: LMT) is above average at 21.14x. The 36-month beta value for LMT is also noteworthy at 0.47. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 7 rating it as “overweight,” 12 rating it as “hold,” and 0 rating it as “sell.”
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The public float for LMT is 238.22M, and at present, short sellers hold a 1.00% of that float. The average trading volume of LMT on October 22, 2024 was 1.02M shares.
LMT’s Market Performance
LMT’s stock has seen a -3.71% decrease for the week, with a 0.35% rise in the past month and a 13.07% gain in the past quarter. The volatility ratio for the week is 1.35%, and the volatility levels for the past 30 days are at 1.47% for Lockheed Martin Corp. The simple moving average for the last 20 days is -2.99% for LMT’s stock, with a simple moving average of 18.80% for the last 200 days.
Analysts’ Opinion of LMT
Many brokerage firms have already submitted their reports for LMT stocks, with Melius repeating the rating for LMT by listing it as a “Buy.” The predicted price for LMT in the upcoming period, according to Melius is $704 based on the research report published on September 03, 2024 of the current year 2024.
RBC Capital Mkts, 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 $500. The rating they have provided for LMT stocks is “Outperform” according to the report published on August 05th, 2024.
BofA Securities gave a rating of “Buy” to LMT, setting the target price at $635 in the report published on July 31st of the current year.
LMT Trading at 0.49% 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 -5.88% of loss for the given period.
Volatility was left at 1.47%, however, over the last 30 days, the volatility rate increased by 1.35%, as shares surge +0.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.52% upper at present.
During the last 5 trading sessions, LMT fell by -3.79%, which changed the moving average for the period of 200-days by +27.50% in comparison to the 20-day moving average, which settled at $600.47. In addition, Lockheed Martin Corp. saw 28.53% 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 Hill Stephanie C., who sale 3,272 shares at the price of $542.72 back on Aug 01 ’24. After this action, Hill Stephanie C. now owns 9,332 shares of Lockheed Martin Corp., valued at $1,775,771 using the latest closing price.
STEPHANIE C HILL TODNAMED BENE, the Officer of Lockheed Martin Corp., proposed sale 3,272 shares at $542.72 during a trade that took place back on Aug 01 ’24, which means that STEPHANIE C HILL TODNAMED BENE is holding shares at $1,775,771 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 16.03.
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 2.19. 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 summary, Lockheed Martin Corp. (LMT) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others 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.
