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Tuesday, September 26, 2023

Is Lockheed Martin Corporation (NYSE: LMT) Still On The Rise?

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 intact, with the stock’s consolidated last price rising by $0.14, or 0.03%, to $430.00. The Lockheed Martin Corporation has recorded 18,827 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Lockheed Martin Skunk Works® and University of Iowa Successfully Demonstrate Artificial Intelligence-Commanded Mission.

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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 $429.86 and fluctuated between $431.45 as its day high and $426.60 as its day low. The current market capitalization of Lockheed Martin Corporation is $108.72B. A total of 0.95 million shares were traded on the day, compared to an average of 1.05M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, LMT has seen 4 BUY and 2 SELL insider trades, representing the acquisition of 11,652 and the disposition of 5,006 shares. Over the last 12 months, there were 38 BUYs and 33 SELLs from insiders. Insiders purchased 83,543 shares during that period but sold 56,426.

In the most recent transaction, Donovan John bought 548 shares of LMT for 457.07 per share on Jul 19. After the transaction, the Director now owns 3,378 company shares. In a previous transaction on Apr 20, Hill Stephanie C. sold 2,391 shares at 490.84 per share. LMT shares that Executive Vice President owns now total 12,604.

Among the insiders who bought shares, Donovan John acquired of 506 shares on Apr 19 at a per-share price of $495.17. This resulted in the Director holding 2,830 shares of LMT after the transaction. In another insider transaction, Cahill Timothy S sold 2,534 shares at $479.44 per share on Mar 06. Company shares held by the Executive Vice President now total 10,460.


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 $12.00, resulting in a dividend yield of 2.79%, and it has a price to earnings (P/E) ratio of 15.71. LMT’s most recent ex-dividend date was 8/31/2023 when it declared a $3.00 quarterly dividend that was paid in cash on 9/22/2023. Previously, the company paid the dividend on 6/23/2023 with an ex-dividend date of 5/31/2023. The LMT stock dividend was $3.00 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 $500.37 with high estimates of $555.00 and low estimates of $374.00. In terms of 52-week highs and lows, LMT has a high of $508.10 and a low of $381.55.

As of this writing, LMT has an earnings estimate of $6.66 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $6.9 per share and a lower estimate of $6.44. The company reported an EPS of $6.61 in the last quarter, which was 9.10% higher than expectations of $6.06.

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. LMT’s latest balance sheet shows that the firm has $3.60B in Cash & Short Term Investments as of fiscal 2021. There were $11.68B in debt and $14.00B in liabilities at the time. Its Book Value Per Share was $36.55, while its Total Shareholder’s Equity was $10.96B.

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, 0 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 Buy with a score of 3.27.

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