A Guide To The Risks Of Investing In Lockheed Martin Corporation (LMT)


Lockheed Martin Corporation’s recent filing unveils that its Director Donovan John acquired Company’s shares for reported $0.25 million on Oct 20. In the deal valued at $441.43 per share,568 shares were bought. As a result of this transaction, Donovan John now holds 1,768 shares worth roughly $ 0.86 million.

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Then, Ulmer Gregory M sold 6,929 shares, generating $2,937,014 in total proceeds. Upon selling the shares at $423.87, the Executive Vice President now owns 0 shares.

Before that, Donovan John bought 632 shares. Lockheed Martin Corporation shares valued at $250,373 were divested by the Director at a price of $396.16 per share. As a result of the transaction, Donovan John now holds 1,200 shares, worth roughly $0.59 million.

Robert W. Baird upgraded its Lockheed Martin Corporation [LMT] rating to an Outperform from a a Neutral in a research note published on Monday. PT values the company’s stock at a premium of 4.75 to its Monday closing price. A number of analysts have revised their coverage, including Credit Suisse’s analysts, who began to cover the stock in mid October with a ‘”an Underperform”‘ rating. Wolfe Research began covering LMT with “Peer perform” recommendation on October 11, 2022. Wells Fargo revised its rating on September 28, 2022. It rated LMT as “an Underweight” which previously was an “an Equal weight”.

Price Performance Review of LMT

On Monday, Lockheed Martin Corporation [NYSE:LMT] saw its stock jump 1.44% to $488.63. On the same session, the stock had its day’s lowest price of $480.96, but rose to a high of $489.96. Over the last five days, the stock has gained 0.40%. Lockheed Martin Corporation shares have risen nearly 37.48% since the year began. Nevertheless, the stocks have risen 43.76% over the past one year. While a 52-week high of $491.15 was reached on 11/01/22, a 52-week low of $328.20 was recorded on 01/03/22. SMA at 50 days reached $427.68, while 200 days put it at $427.01. A total of 0.94 million shares were traded, compared to the trading of 0.25 million shares in the previous session.

Levels Of Support And Resistance For LMT Stock

The 24-hour chart illustrates a support level at 483.07, which if violated will result in even more drops to 477.52. On the upside, there is a resistance level at 492.07. A further resistance level may holdings at 495.52. The Relative Strength Index (RSI) on the 14-day chart is 73.50, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 14.66, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.15%. Stochastics %K at 92.95% indicates the stock is a selling.

How much short interest is there in Lockheed Martin Corporation?

A steep rise in short interest was recorded in Lockheed Martin Corporation stocks on Jul 14, 2022, growing by 0.13 million shares to a total of 2.54 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 2.41 million shares. There was a rise of 5.12%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.13% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.03.

Lockheed Martin Corporation [LMT] – Who Are The Largest Shareholders?

In filings from SSgA Funds Management, Inc., it is revealed that the company now owns 38,494,398 shares, or roughly 14.52% of the outstanding LMT shares. In other words, the investor’s shares have fallen by -288,870 from its previous 13-F filing of 38783268.0. Additionally, The Vanguard Group, Inc. increased 0.06% of its stake after which the total value it holdings stand at $8,353,827,578, while BlackRock Fund Advisors added 1.40% of its stake to hold $5.28 billion in the firm. Over the last quarter, Capital Research & Management Co sold -2,424,359 shares of Lockheed Martin Corporation, while Charles Schwab Investment Managem sold -109,842 shares. At present, Fidelity Management & Research Co is holding 4,892,084 shares valued at $1.89 billion. Geode Capital Management LLC owned 4,310,104 shares of the company at the time of its most recent 13F filing, worth $1.66 billion.

According to FactSet, Lockheed Martin Corporation’s share price will average $459.63 in the next year, based on opinions of analysts polled by the firm. This is down nearly -4.5 percent from its previous closing price of $481.67. Analysts expect Lockheed Martin Corporation stock to reach the higher price of $515.00, while the lowest price estimate is $361.00. However, 24 analysts have rated LMT stock as a Hold in their predictions for 2022. The most recent change occurred on August 30, 2022 when RBC Capital Mkts began covering the stock and recommended ‘”a Sector perform”‘ rating along with a $460 price target.


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