Lockheed Martin Corporation [LMT] Investment Guide: What You Need to Know


Lockheed Martin Corporation’s filing revealed that 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 $ 1.5 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 $1.26 million.

Susquehanna reiterated its Lockheed Martin Corporation [LMT] rating to a Positive in a research note published on Tuesday, July 19, 2023; the price target was $550. PT values the company’s stock at a premium of 19.06 to its Tuesday closing price.

Price Performance Review of LMT

On Tuesday, Lockheed Martin Corporation [NYSE:LMT] saw its stock fall -0.67% to $445.19. On the same session, the stock had its day’s lowest price of $445.05, but rose to a high of $448.33. Over the last five days, the stock has lost -1.58%. Lockheed Martin Corporation shares have fallen nearly -8.49% since the year began. Nevertheless, the stocks have risen 5.34% 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 $453.54, while 200 days put it at $466.14. A total of 0.85 million shares were traded, compared to the trading of 0.67 million shares in the previous session.

Levels Of Support And Resistance For LMT Stock

The 24-hour chart illustrates a support level at 444.05, which if violated will result in even more drops to 442.91. On the upside, there is a resistance level at 447.33. A further resistance level may holdings at 449.47. The Relative Strength Index (RSI) on the 14-day chart is 42.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.20%. Stochastics %K at 31.77% 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 12.68 percent from its previous closing price of $448.18. 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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