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Sunday, April 2, 2023

Investing In Lockheed Martin Corporation (NYSE: LMT): Why Should You?

After Hours

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. After-hours trades for Lockheed Martin Corporation (LMT) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.17, or 0.04%, to $477.50. The Lockheed Martin Corporation has recorded 56,147 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Lockheed Martin and Royal Bahraini Air Force Celebrate Bahrain’s First F-16 Block 70 Aircraft in Greenville, South Carolina.

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Stocks Info

The company is listed on the NYSE and operates within the Aerospace & Defense industry segment. At the end of the last regular session, the stock closed at $477.33 and fluctuated between $478.90 as its day high and $470.80 as its day low. The current market capitalization of Lockheed Martin Corporation is $121.95B. A total of 1.67 million shares were traded on the day, compared to an average of 1.35M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, LMT has seen 5 BUY and 0 SELL insider trades, representing the acquisition of 556 and the disposition of 0 shares. Over the last 12 months, there were 19 BUYs and 14 SELLs from insiders. Insiders purchased 17,009 shares during that period but sold 14,908.

In the most recent transaction, Cahill Timothy S sold 2,534 shares of LMT for 479.44 per share on Mar 06. After the transaction, the Executive Vice President now owns 10,460 company shares. In a previous transaction on Mar 02, Lavan Maryanne sold 4,554 shares at 476.69 per share. LMT shares that SVP & General Counsel owns now total 0.

Among the insiders who sold shares, Hill Stephanie C. disposed of 1,541 shares on Mar 02 at a per-share price of $476.61. This resulted in the Executive Vice President holding 14,985 shares of LMT after the transaction. In another insider transaction, Lightfoot Robert M JR sold 999 shares at $476.06 per share on Mar 02. Company shares held by the Executive Vice President now total 0.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Lockheed Martin Corporation pays an annual dividend of $12.00, resulting in a dividend yield of 2.51%, and it has a price to earnings (P/E) ratio of 21.97. LMT’s most recent ex-dividend date was 2/28/2023 when it declared a $3.00 quarterly dividend that was paid in cash on 3/24/2023. Previously, the company paid the dividend on 12/30/2022 with an ex-dividend date of 11/30/2022. The LMT stock dividend was $3.00 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for LMT in the last 3 months, the mean price target is $492.48 with high estimates of $550.00 and low estimates of $334.00. In terms of 52-week highs and lows, LMT has a high of $498.95 and a low of $373.67.

As of this writing, LMT has an earnings estimate of $6.13 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $6.53 per share and a lower estimate of $5.86. The company reported an EPS of $6.71 in the last quarter, which was 0.80% higher than expectations of $6.66.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 26 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 3.40. A total of 7 analysts rated the stock as Buy while 1 rated it as Overweight while 16 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.

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