Lockheed Martin Corporation (LMT) Monthly Report
Publication Date: September 22, 2024
Company Overview
Lockheed Martin Corporation (LMT) is a leading aerospace and defense company based in Bethesda, Maryland. Founded in 1912, Lockheed Martin specializes in the research, design, development, manufacture, integration, and maintenance of advanced technology systems and services worldwide. The company operates through various segments, including Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Primarily serving the U.S. government and international military clients, Lockheed Martin plays a pivotal role in national security and intelligence. The company’s commitment to innovation within the aerospace and defense industry positions it as a strong investment opportunity in the industrial sector.
Industry Analysis
The Aerospace & Defense industry presents a compelling investment landscape, highlighting a robust target high stock price of $635.00 for Lockheed Martin. The industry’s total revenue reaches an impressive $71.07 billion, reflecting the financial strength and expansive growth potential that attracts investors. With the sector adapting to technological advancements and new market challenges, the outlook for continued expansion remains promising. Lockheed Martin’s current stock price of $571.92, alongside a target mean price of $546.96, illustrates a potential upside and conveys optimism among analysts, who generally recommend a “buy.”
In total, Lockheed Martin has 238,358,000 shares outstanding, with a relatively low short interest of approximately 1.31%. This indicates positive market sentiment, suggesting investor confidence in the company’s future. The stock’s current trading performance, positioned above its fifty-day moving average of $543.52 and close to its fifty-two week high of $578.73, underscores an upward trend. With a substantial recovery from its fifty-two week low of $393.77, investor enthusiasm and outlook for growth appear strong, making Lockheed Martin a noteworthy consideration for those looking to capitalize on the evolving Aerospace & Defense landscape.
| Metric | Value |
|---|---|
| Market Cap | $136.3b |
| Total Debt | $19.3b |
| Total Cash | $2.5b |
| Shares Outstanding | 238.4m |
| Float Shares | 175.4m |
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