Lockheed Martin Corp. [LMT] stock prices are up 0.27% to $435.77 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The LMT shares have gain 1.34% over the last week, with a monthly amount glided 2.17%, and seem to be holding up well over a long-time horizon.
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On 6, March 2024, Lockheed Martin CFO to Speak at the J.P. Morgan Industrials Conference. In a post published today on Yahoo Finance, Lockheed Martin (NYSE: LMT) will webcast live a presentation by Chief Financial Officer Jay Malave at the J.P. Morgan Industrials Conference on Wednesday, March 13 at 10:15 a.m. to 10:50 a.m. ET.
From an analyst’s perspective:
Lockheed Martin Corp. [NYSE: LMT] stock has seen the most recent analyst activity on October 11, 2023, when UBS initiated its Neutral rating and assigned the stock a price target of $470. Previously, Jefferies reaffirmed its Hold rating on October 04, 2023, and dropped its price target to $455. On September 28, 2023, Deutsche Bank initiated with a Hold rating and assigned a price target of $435 on the stock. Wells Fargo upgraded its rating to a Equal Weight but stick to its price target of $440 on September 18, 2023. Susquehanna reiterated its recommendation of a Positive and reduced its price target to $550 on July 19, 2023. RBC Capital Mkts reiterated a Sector Perform rating for this stock on July 19, 2023, and downed its price target to $475. In a note dated April 12, 2023, Robert W. Baird downgraded an Neutral rating on this stock but restated the target price of $513.
The stock price of Lockheed Martin Corp. [LMT] has been fluctuating between $393.77 and $508.10 over the past year. Currently, Wall Street analysts expect the stock to reach $462.33 within the next 12 months. Lockheed Martin Corp. [NYSE: LMT] shares were valued at $435.77 at the most recent close of the market. An investor can expect a potential return of 6.09% based on the average LMT price forecast.
Analyzing the LMT fundamentals
The Lockheed Martin Corp. [NYSE:LMT] reported sales of 67.57B for trailing twelve months, representing a drop of -0.62%. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.79 and Total Capital is 0.24. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.55.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 433.51 points at the first support level, and at 431.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 437.82, and for the 2nd resistance point, it is at 439.87.
Lockheed Martin Corp. [LMT] reported earnings per share of $7.88 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $7.26/share, meaning a difference of $0.62 and a surprise factor of 8.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $6.73 per share as compared to estimates of $6.67 per share, a difference of $0.06 representing a surprise of 0.90%.
Ratios To Look Out For
It’s worth pointing out that Lockheed Martin Corp. [NYSE:LMT]’s Current Ratio is 1.21. Further, the Quick Ratio stands at 1.03, while the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 1.56, the price to book ratio is 15.30 and price to earnings (TTM) ratio is 15.82.
Transactions by insiders
Recent insider trading involved Hill Stephanie C., Pres. Rotary & Mission Systems, that happened on Mar 06 ’24 when 4499.0 shares were sold. President Aeronautics, Ulmer Gregory M completed a deal on Mar 05 ’24 to sell 6204.0 shares. Meanwhile, SVP & General Counsel Lavan Maryanne sold 4022.0 shares on Mar 05 ’24.
