An Analysis of Lockheed Martin Corporation (LMT)’s Potential Price Growth


In a filing, Lockheed Martin Corporation revealed its Director Donovan John acquired Company’s shares for reported $0.25 million on Jul 19. In the deal valued at $457.07 per share,548 shares were bought. As a result of this transaction, Donovan John now holds 3,378 shares worth roughly $ 1.53 million.

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Then, Hill Stephanie C. sold 2,391 shares, generating $1,173,593 in total proceeds. Upon selling the shares at $490.84, the Executive Vice President now owns 12,604 shares.

Before that, Donovan John bought 506 shares. Lockheed Martin Corporation shares valued at $250,556 were divested by the Director at a price of $495.17 per share. As a result of the transaction, Donovan John now holds 2,830 shares, worth roughly $1.28 million.

Susquehanna reiterated its Lockheed Martin Corporation [LMT] rating to a Positive in a research note published on Monday, July 19, 2023; the price target was $550. PT values the company’s stock at a premium of 17.76 to its Monday closing price.

Price Performance Review of LMT

On Monday, Lockheed Martin Corporation [NYSE:LMT] saw its stock jump 0.27% to $452.32. On the same session, the stock had its day’s lowest price of $450.2701, but rose to a high of $453.33. Over the last five days, the stock has gained 0.18%. Lockheed Martin Corporation shares have fallen nearly -7.02% since the year began. Nevertheless, the stocks have risen 3.12% over the past one year. While a 52-week high of $508.10 was reached on 04/18/23, a 52-week low of $381.55 was recorded on 01/20/23. SMA at 50 days reached $454.81, while 200 days put it at $466.77. A total of 0.64 million shares were traded, compared to the trading of 0.79 million shares in the previous session.

Levels Of Support And Resistance For LMT Stock

The 24-hour chart illustrates a support level at 450.62, which if violated will result in even more drops to 448.91. On the upside, there is a resistance level at 453.68. A further resistance level may holdings at 455.03. The Relative Strength Index (RSI) on the 14-day chart is 50.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.46, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 34.81%. Stochastics %K at 63.02% indicates the stock is a holding.

How much short interest is there in Lockheed Martin Corporation?

A steep rise in short interest was recorded in Lockheed Martin Corporation stocks on Aug 14, 2023, dropping by -0.14 million shares to a total of 1.58 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.72 million shares. There was a decline of -8.86%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.74% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.28.

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

In filings from SSgA Funds Management, Inc., it is revealed that the company now owns 37,901,333 shares, or roughly 15.05% of the outstanding LMT shares. In other words, the investor’s shares have fallen by -71,210 from its previous 13-F filing of 37972543.0. Additionally, The Vanguard Group, Inc. increased 0.63% of its stake after which the total value it holdings stand at $9,413,968,743, while BlackRock Fund Advisors reduced -2.09% of its stake to hold $5.6 billion in the firm. Over the last quarter, Capital Research & Management Co sold -1,784,369 shares of Lockheed Martin Corporation, while Fidelity Management & Research Co sold -547,538 shares. At present, Charles Schwab Investment Managem is holding 5,589,021 shares valued at $2.49 billion. Geode Capital Management LLC owned 4,451,163 shares of the company at the time of its most recent 13F filing, worth $1.99 billion.

According to FactSet, Lockheed Martin Corporation’s share price will average $500.37 in the next year, based on opinions of analysts polled by the firm. This is up nearly 11.95 percent from its previous closing price of $451.09. Analysts expect Lockheed Martin Corporation stock to reach the higher price of $555.00, while the lowest price estimate is $374.00. However, 24 analysts have rated LMT stock as a Hold in their predictions for 2023.


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