Analyst Expects Lockheed Martin Corp. (NYSE: LMT) To Make Big Moves

After Hours

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. Earlier, Yahoo Finance discussed this stock as it revealed Lockheed Martin CFO to Speak at the TD Cowen 45th Annual Aerospace and Defense Conference.

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Stocks Info

As a NYSE listed company, LMT falls under the Industrials sector while operating within the Aerospace & Defense industry segment. At the end of the last regular session, the stock closed at $430.10 and fluctuated between $430.29 as its day high and $426.54 as its day low. The current market capitalization of Lockheed Martin Corp. is $103.93B. A total of 0.98 million shares were traded on the day, compared to an average of 1.16M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, LMT has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 26 BUYs and 28 SELLs from insiders. Insiders purchased 82,243 shares during that period but sold 56,250.

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.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Lockheed Martin Corp. pays an annual dividend of $12.84, resulting in a dividend yield of 2.99%, and it has a price to earnings (P/E) ratio of 15.61. LMT’s most recent ex-dividend date was 2/29/2024 when it declared a $3.15 quarterly dividend that was paid in cash on 3/29/2024. Previously, the company paid the dividend on 12/29/2023 with an ex-dividend date of 11/30/2023. The LMT stock dividend was $3.15 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for LMT in the last 3 months, the mean price target is $481.67 with high estimates of $550.00 and low estimates of $380.00. In terms of 52-week highs and lows, LMT has a high of $508.10 and a low of $393.77.

As of this writing, LMT has an earnings estimate of $5.42 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $5.93 per share and a lower estimate of $5.12. The company reported an EPS of $6.73 in the last quarter, which was 0.90% higher than expectations of $6.67.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. LMT’s latest balance sheet shows that the firm has $3.60B in Cash & Short Term Investments as of fiscal 2021. There were $11.67B in debt and $14.00B in liabilities at the time. Its Book Value Per Share was $28.48, 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 3.38.

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