Short interest in Lockheed Martin Company (NYSE: LMT) reached an all-time low during November, falling to a level that had never been seen before. There were 3,530,000 shares in short interest as of the previous day, but as of November 30, there were 3,210,000 shares in short interest. This represents a 9.1% decrease from the total of 3,530,000 shares in short interest as of the previous day. As a result, there is a short sale of approximately 1.2% of the total number of shares in the company. The current short-interest ratio is 2.2 days, calculated based on an average daily trading volume of 1,430,000 shares. This was done so that the ratio could be expressed as a percentage.
Recently, several extremely wealthy investors changed the amount of LMT stock they hold in their portfolios. Through the first three months of 2018, Lee Financial Company was able to amass a 367.6% increase in the proportion of Lockheed Martin stock owned by the company. After purchasing an additional 375 shares during the most recent quarter, Lee Financial Co. now holds 477 shares of the aerospace company’s stock, which has a value of $210,000. These shares were acquired during the most recent quarter. Each of these shares was purchased for an amount equivalent to $85,000. Aaron Wealth Advisors LLC started a new investment in Lockheed Martin for approximately 248,000 dollars during the first three months of the year. AMG National Trust Bank increased the amount of Lockheed Martin stock owned by 8.1% during the year’s first quarter. AMG National Trust Bank now holds 720 shares of the aerospace company’s stock, which have a combined value of $318,000 thanks to the acquisition of 54 additional shares during the most recent fiscal quarter. Atlas Capital Advisors LLC increased the proportion of Lockheed Martin stock owned by 32.0% during the first three months of 2018. After making an additional purchase of 32 shares during the most recent quarter, Atlas Capital Advisors LLC now has 132 shares of stock in the aerospace company in its possession. There is a total value of $58,000 associated with these 132 shares. During the first three months of this year, Financial Advocates Investment Management increased the amount of Lockheed Martin stock owned by 15.6%. This was done so that they could compete with other investment management firms. Financial Advocates Investment Management now owns 1,349 shares of the aerospace company’s stock, valued at $596,000, following the acquisition of an additional 182 shares during the most recent quarter. The most recent fiscal quarter was used for the purchase of these shares. At the moment, institutions hold ownership rights over 75.50 percent of the equity in the company.
On October 20, director John Donovan purchased 568 shares of the company’s stock, which brings us to another piece of information about Lockheed Martin. A total of 250,732.24 dollars was spent on the purchase of the stock, which resulted in an average price of $441.43 per share paid for the transaction. As a direct consequence of the purchase, the director now owns 1,768 shares, each of which has an estimated value of $780,448.24. The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed entirely by following the link provided in the previous sentence. The documentation was provided to the SEC. Business insiders possess the total number of shares of stock held by the company to the extent of 0.17%.
On Monday morning, the market’s opening price was $481.79 for a single share of LMT’s common stock. The value of the current ratio is 1.28, the value of the quick ratio is 1.09, and the value of the debt-to-equity ratio is 0.96. All three ratios have the same value. The price of a share of the company’s stock is currently trading at $467.66, which is higher than its price of $435.78, which is its 200-day moving average price. These metrics point to the fact that the company has a high value, including its high P/E ratio of 22.12, its high PEG ratio of 2.87, and its low beta value of 0.75. The company’s high market value is $126.26 billion, and its PEG ratio is 2.87. The price of a share of Lockheed Martin has ranged from $333.42 to $498.95 over the past year. The current price is $498.95.
On Tuesday, October 18, the most recent quarterly earnings report for Lockheed Martin (NYSE: LMT) was made public and presented to the investing community. The aerospace company reported quarterly earnings of $6.87 per share, which is $0.27 higher than the average forecast for the period, which was $6.60 per share. The company’s most recent quarter brought in $16.58 billion in revenue, which is lower than the general average forecast of $16.69 billion for that period. Lockheed Martin’s return on equity was 65.16 percent, while the company’s net margin was 9.07 percent. The prior quarter’s sales for the company showed an increase of 3.5% compared to the same period in the previous year. The same period the year before resulted in the company generating earnings per share of $6.66. According to the projections made by analysts for the current financial year, Lockheed Martin is anticipated to generate a profit of 26.97 cents per share.
In addition, the company has just made public a declaration of a quarterly dividend, which is scheduled to be paid out on the following Friday, December 30. On Thursday, December 1, shareholders on record will be eligible to receive a $3 dividend payment. Lockheed Martin has increased the amount of its quarterly dividend payment, which is now $2.80. This equates to an annual dividend payment of $12 and a dividend yield of 2.49% for the stock. On Wednesday, November 30, a decision will be made regarding whether or not a dividend will be distributed to shareholders. At this time, 55.10 percent of Lockheed Martin’s earnings are distributed to shareholders.
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