Lockheed Martin Stock Pullback Captured By This Trendline

LMT recently declared its Q2 2021 dividend payment

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Lockheed Martin Corporation (NYSE:LMT) is an American aerospace, arms, defense, security, and advanced technologies company with worldwide interests. Lockheed Martin is principally engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products and services in the global security and aerospace field. This morning, LMT was last seen up 04% at $373.51.

On April 21, Lockheed Martin announced a second quarter of 2021 dividend payment of $2.60 per share. The dividend is payable on June 25 to shareholders of record as of the close of business on June 1. Lockheed Martin stock currently offers a 2.76% dividend yield and a $10.40 forward dividend.

LMT remains just below its year-over-year breakeven mark and recently pulled back to its 30-day moving average. The equity is up 16% from its 52-week low of $319.81 and have increased 5% year-to-date.

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From a fundamental perspective, Lockheed Martin is performing phenomenally. LMT has grown its top- and bottom-lines at an amazing rate. Lockheed Martin's only notable fault is its balance sheet, which holds $12.16 billion in debt and just $2.93 billion in cash. However, that should not cause any major issues when considering that one of the Lockheed Martin's biggest clients is the US Department of Defense. This means LMT likely won’t have to deal with a shortage in funding, should it be needed.

Lastly, options traders are still pricing in relatively low volatility expectations for Lockheed Martin stock. This is per its Schaeffer's Volatility Index (SVI) of 19%, which stands higher than only 12% of readings from the past 12 months. 

 
 

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