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NYSE:LMT

Lockheed Martin (LMT) Stock Price, News & Analysis

$426.59
+2.32 (+0.55%)
(As of 12:45 PM ET)
Today's Range
$424.37
$428.22
50-Day Range
$418.02
$463.18
52-Week Range
$393.77
$508.10
Volume
327,539 shs
Average Volume
1.17 million shs
Market Capitalization
$103.08 billion
P/E Ratio
15.48
Dividend Yield
2.95%
Price Target
$491.92

Lockheed Martin MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
15.2% Upside
$491.92 Price Target
Short Interest
Healthy
0.65% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.46
Upright™ Environmental Score
News Sentiment
0.34mentions of Lockheed Martin in the last 14 days
Based on 38 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.82%
From $26.19 to $28.50 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.71 out of 5 stars

Aerospace Sector

1st out of 86 stocks

Guided Missiles & Space Vehicles & Parts Industry

1st out of 12 stocks


LMT stock logo

About Lockheed Martin Stock (NYSE:LMT)

Lockheed Martin Corporation was formed in 1995 by the merger of Lockheed Corporation and Martin Marietta. The company is headquartered in Bethesda, Maryland, and is the No. 1 U.S. defense contractor by revenue and market cap. It is the world’s third-largest aerospace company, with 75% of its business in the defense market. Ten percent of Pentagon spending goes to Lockheed Martin, and 50% of its annual revenue comes from the Department of Defense. In 2020, it was the No. 1 recipient of Pentagon spending, at $72.9 billion, more than three times the money spent on the No. 2 U.S. defense player and more than all spent on the second through fourth positions. 

Lockheed Martin Corporation’s roots date back to the Loughead (pronounced Lockheed) Aircraft Manufacturing Company, founded by the Loughead brothers in 1912. By 1920, the first venture had gone bankrupt due to a decline in post-WWI demand, but it restarted in 1926. Investors, including John Northrop of Northrop Grumman Corporation, raised the money to start the Lockheed Aircraft Manufacturing Company. They used technology developed from 1912 to 1920 to produce the Vega, a cutting-edge passenger plane that could seat up to seven passengers. 

By 1928, the company made about five planes a week and brought in more than $1 million per year. The Depression cut the bottom out of the aircraft market, and the company fell on hard times. By this point, the founders were out of the business and failed to make a bid to repurchase the company when it fell into receivership. Among the many early successes were the Vega and the Model 10 Electra, both flown by Amelia Earhart, the latter to her end. 

The new Lockheed Aircraft Corporation expanded its aircraft lines into World War II, including plans for potential defense aircraft. This planning had the company in an excellent position to win defense contracts when the U.S. entered World War II and helped launch it to its current status. It was also when the company launched the advanced development projects, which came to be called Skunk Works. Skunk Works is responsible for many advances in military technology, including the first kill recorded in jet-to-jet combat. Cold War advances include the C-130, the Polaris Submarine-Launched Ballistic Missile System and the iconic SR-71 Blackbird. 

Martin Marietta was formed in 1961 by the merger of Glenn L. Martin Company and American Marietta Corporation. The company was an aerospace-focused manufacturer specializing in missiles and missile systems. Projects accredited to it include the Titan and Pershing Missile Systems and the MGM-51 Shillelagh Anti-Tank Guided Missile System. 

Today, Lockheed Martin Corporation operates as a security and aerospace company worldwide. It researches, designs, develops and manufactures defense and security systems for government and private use. The company operates in four segments: aeronautics, missiles and fire control, rotary and mission systems and space. The company’s other projects include health, renewable energy, energy distribution and nuclear fusion research and development. 

LMT Stock Price History

LMT Stock News Headlines

Poland's president meets Lockheed Martin CEO about further investment in military weapons
Poland’s National Security Bureau says the country's president has met the CEO of U.S. manufacturer Lockheed Martin about strengthening security in the region and continued U.S. investment in Poland’s military weapons and equipment
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Lockheed Martin: Committed To Ramping Production Of High-demand Systems
Lockheed Martin Corporation (LMT)
See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
11/30/2023
Dividend Payable
12/29/2023
Last Earnings
1/23/2024
Today
2/21/2024
Ex-Dividend for 3/29 Dividend
2/29/2024
Dividend Payable
3/29/2024
Next Earnings (Estimated)
4/16/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Aerospace
Industry
Guided missiles & space vehicles & parts
Sub-Industry
Aerospace & Defense
CUSIP
53983010
Employees
122,000
Year Founded
1995

Price Target and Rating

Average Stock Price Target
$491.92
High Stock Price Target
$550.00
Low Stock Price Target
$440.00
Potential Upside/Downside
+16.0%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
12 Analysts

Profitability

Net Income
$6.92 billion
Pretax Margin
11.98%

Debt

Sales & Book Value

Annual Sales
$67.57 billion
Cash Flow
$34.83 per share
Book Value
$28.28 per share

Miscellaneous

Free Float
241,232,000
Market Cap
$102.51 billion
Optionable
Optionable
Beta
0.49

Social Links

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Key Executives

Should I Buy Lockheed Martin Stock? LMT Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Lockheed Martin was last updated on Tuesday, February 13, 2024 at 9:02 AM.

Pros

Here are some ways that investors could benefit from investing in Lockheed Martin Co.:

  • Lockheed Martin Co. has a strong track record of delivering consistent financial performance, making it a reliable investment option.
  • The company is a major player in the defense industry, which is known for its stability and long-term contracts.
  • Lockheed Martin Co. has a diverse portfolio of products and services, including advanced military aircraft, missile defense systems, and space technologies, which positions it well for future growth.
  • The company has a strong backlog of orders, indicating a steady stream of revenue in the coming years.
  • Lockheed Martin Co. has a history of returning value to shareholders through dividends and share buybacks.

Cons

Investors should be bearish about investing in Lockheed Martin Co. for these reasons:

  • The defense industry is subject to government budget cuts, which could impact Lockheed Martin Co.'s revenue and profitability.
  • Lockheed Martin Co. faces intense competition from other defense contractors, which could put pressure on its market share and pricing power.
  • Changes in government policies and regulations could affect the company's ability to secure contracts and execute its business strategy.
  • The stock price of Lockheed Martin Co. is currently trading at a relatively high valuation, which may limit potential upside for investors.
  • Lockheed Martin Co. is exposed to geopolitical risks, as its operations are spread across different countries and regions.














LMT Stock Analysis - Frequently Asked Questions

Should I buy or sell Lockheed Martin stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lockheed Martin in the last twelve months. There are currently 9 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LMT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LMT, but not buy additional shares or sell existing shares.
View LMT analyst ratings
or view top-rated stocks.

What is Lockheed Martin's stock price target for 2024?

12 equities research analysts have issued twelve-month target prices for Lockheed Martin's shares. Their LMT share price targets range from $440.00 to $550.00. On average, they expect the company's stock price to reach $491.92 in the next twelve months. This suggests a possible upside of 15.2% from the stock's current price.
View analysts price targets for LMT
or view top-rated stocks among Wall Street analysts.

How have LMT shares performed in 2024?

Lockheed Martin's stock was trading at $453.24 on January 1st, 2024. Since then, LMT shares have decreased by 5.8% and is now trading at $427.08.
View the best growth stocks for 2024 here
.

Are investors shorting Lockheed Martin?

Lockheed Martin saw a decrease in short interest in the month of January. As of January 31st, there was short interest totaling 1,570,000 shares, a decrease of 20.3% from the January 15th total of 1,970,000 shares. Based on an average trading volume of 1,150,000 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.7% of the company's shares are short sold.
View Lockheed Martin's Short Interest
.

When is Lockheed Martin's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 16th 2024.
View our LMT earnings forecast
.

How were Lockheed Martin's earnings last quarter?

Lockheed Martin Co. (NYSE:LMT) issued its quarterly earnings data on Tuesday, January, 23rd. The aerospace company reported $7.90 earnings per share for the quarter, beating the consensus estimate of $7.26 by $0.64. The aerospace company had revenue of $18.87 billion for the quarter, compared to analysts' expectations of $17.96 billion. Lockheed Martin had a trailing twelve-month return on equity of 79.91% and a net margin of 10.24%. The company's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $7.79 EPS.
Read the conference call transcript
.

How often does Lockheed Martin pay dividends? What is the dividend yield for Lockheed Martin?

Lockheed Martin declared a quarterly dividend on Tuesday, January 23rd. Stockholders of record on Friday, March 1st will be paid a dividend of $3.15 per share on Friday, March 29th. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend is Thursday, February 29th.
Read our dividend analysis for LMT
.

Is Lockheed Martin a good dividend stock?

Lockheed Martin (NYSE:LMT) pays an annual dividend of $12.60 per share and currently has a dividend yield of 2.97%. The company has been increasing its dividend for 21 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 45.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LMT will have a dividend payout ratio of 44.21% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LMT.

What guidance has Lockheed Martin issued on next quarter's earnings?

Lockheed Martin updated its FY 2024 earnings guidance on Tuesday, January, 23rd. The company provided earnings per share guidance of 25.650-26.350 for the period, compared to the consensus estimate of 26.620. The company issued revenue guidance of $68.5 billion-$70.0 billion, compared to the consensus revenue estimate of $68.7 billion.

What is James D. Taiclet's approval rating as Lockheed Martin's CEO?

147 employees have rated Lockheed Martin Chief Executive Officer James D. Taiclet on Glassdoor.com. James D. Taiclet has an approval rating of 92% among the company's employees. This puts James D. Taiclet in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Lockheed Martin own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Lockheed Martin investors own include Johnson & Johnson (JNJ), Boeing (BA), NVIDIA (NVDA), Walt Disney (DIS), Home Depot (HD), AT&T (T), Intel (INTC), Cisco Systems (CSCO), Alibaba Group (BABA) and JPMorgan Chase & Co. (JPM).

Who are Lockheed Martin's major shareholders?

Lockheed Martin's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.15%), Charles Schwab Investment Management Inc. (2.33%), Capital World Investors (2.08%), Wells Fargo & Company MN (1.07%), Franklin Resources Inc. (1.07%) and Northern Trust Corp (0.98%). Insiders that own company stock include Brian P Colan, Gregory M Ulmer, John Donovan, John Frank A St, John Frank A St, Kenneth R Possenriede, Maryanne Lavan, Richard F Ambrose, Richard F Ambrose, Stephanie C Hill and Timothy S Cahill.
View institutional ownership trends
.

How do I buy shares of Lockheed Martin?

Shares of LMT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:LMT) was last updated on 2/21/2024 by MarketBeat.com Staff