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Wednesday, October 5, 2022

Taking On Challenges And Growing? – Lockheed Martin Corporation (LMT)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Lockheed Martin Corporation (LMT) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.58, or -0.14%, to $420. Volume reached 66,877 shares, with price reaching a high of $422 and a low of $419. Most recently, Yahoo Finance reported about the stock as it publicized that Lockheed Martin, AT&T Demonstrate 5G High Speed Transfer of Black Hawk Data to 5G.MIL® Pilot Network.


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Stocks Info

This NYSE-listed company operates within the Aerospace & Defense industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $420.20 and fluctuated between $433.79 as its day high and $420.03 as its day low. The current market capitalization of Lockheed Martin Corporation is $111.23B. A total of 2.1 million shares were traded on the day, compared to an average of 1.15M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, LMT has seen 3 BUY and 5 SELL insider trades, representing the acquisition of 13,223 and the disposition of 12,768 shares. Over the last 12 months, there were 34 BUYs and 36 SELLs from insiders. Insiders purchased 51,620 shares during that period but sold 54,225.

In the most recent transaction, Ulmer Gregory M sold 6,929 shares of LMT for 423.87 per share on Aug 03. After the transaction, the Executive Vice President now owns 0 company shares. In a previous transaction on Jul 20, Donovan John bought 632 shares at 396.16 per share. LMT shares that Director owns now total 1,200.

Among the insiders who bought shares, Donovan John acquired of 568 shares on Apr 21 at a per-share price of $440.55. This resulted in the Director holding 568 shares of LMT after the transaction. In another insider transaction, Hill Stephanie C. sold 1,418 shares at $449.80 per share on Mar 03. Company shares held by the Executive Vice President now total 12,174.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Lockheed Martin Corporation pays an annual dividend of $11.20, resulting in a dividend yield of 2.67%, and it has a price to earnings (P/E) ratio of 24.31. LMT’s most recent ex-dividend date was 08/31/2022 when it declared a $2.80 quarterly dividend that was paid in cash on 09/23/2022. Previously, the company paid the dividend on 06/24/2022 with an ex-dividend date of 05/31/2022. The dividend was $2.80 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for LMT in the last 3 months, the mean price target is $460.39 with high estimates of $539.00 and low estimates of $374.00. In terms of 52-week highs and lows, LMT has a high of $479.99 and a low of $324.23.

As of this writing, LMT has an earnings estimate of $6.65 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $6.92 per share and a lower estimate of $5.57. The company reported an EPS of $6.32 in the last quarter, which was 0.48% higher than expectations of $6.29.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 21 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LMT is Sell with a score of 3.67. A total of 6 analysts rated the stock as Buy while 0 rated it as Overweight while 15 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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