Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Lockheed Martin Corp before investing.

In this article, we go over a few key elements for understanding Lockheed Martin Corp’s stock price such as:

• Lockheed Martin Corp’s current stock price and volume
• Why Lockheed Martin Corp’s stock price changed recently
• Upgrades and downgrades for LMT from analysts
• LMT’s stock price momentum as measured by its relative strength

About Lockheed Martin Corp (LMT)

Before we jump into Lockheed Martin Corp’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Lockheed Martin Corporation is a global security and aerospace company. The Company is engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. Its segments include Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space. Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of advanced military aircraft. MFC segment provides air and missile defense systems, manned and unmanned ground vehicles, energy management solutions, and others. RMS segment designs, manufactures, services and supports various military and commercial helicopters, surface ships, sea and land-based missile defense systems, and others. Space segment is engaged in the research and design, development, engineering and production of satellites, space transportation systems, and strategic, advanced strike, and defensive systems.

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Lockheed Martin Corp’s Stock Price as of Market Close

As of July 23, 2024, 4:00 PM, CST, Lockheed Martin Corp’s stock price was $501.29.

Lockheed Martin Corp is up 5.63% from its previous closing price of $474.59.

During the last market session, Lockheed Martin Corp’s stock traded between $472.85 and $476.13. Currently, there are 240.70 million shares of Lockheed Martin Corp stock available for purchase.

Lockheed Martin Corp’s price-earnings (P/E) ratio is currently at 17.3, which is low compared to the Aerospace & Defense industry median of 30.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Lockheed Martin Corp Stock Price History

Lockheed Martin Corp’s (LMT) price is currently up 7.32% so far this month.

During the month of July, Lockheed Martin Corp’s stock price has reached a high of $501.77 and a low of $456.11.

Over the last year, Lockheed Martin Corp has hit prices as high as $480.86 and as low as $393.77. Year to date, Lockheed Martin Corp’s stock is up 3.04%.

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What Caused Lockheed Martin Corp Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 22, 2024, there were 4 analysts who downgraded Lockheed Martin Corp’s stock and 5 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Lockheed Martin Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Lockheed Martin Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Lockheed Martin Corp’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Lockheed Martin Corp (LMT) by visiting AAII Stock Evaluator.

Relative Price Strength of Lockheed Martin Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 22, 2024, Lockheed Martin Corp has a weighted four-quarter relative price strength of -4.52%, which translates to a Momentum Score of 49 and is considered to be Average.

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Lockheed Martin Corp Stock Price: Bottom Line

As of July 23, 2024, Lockheed Martin Corp’s stock price is $501.29, which is up 5.63% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Lockheed Martin Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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