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NYSE:LMT

Lockheed Martin (LMT) Stock Forecast, Price & News

$417.36
-9.59 (-2.25%)
(As of 09/21/2023 ET)
Compare
Today's Range
$417.19
▼
$426.53
50-Day Range
$417.86
▼
$470.00
52-Week Range
$381.55
▼
$508.10
Volume
1.67 million shs
Average Volume
1.20 million shs
Market Capitalization
$105.10 billion
P/E Ratio
15.26
Dividend Yield
2.88%
Price Target
$499.43
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Lockheed Martin MarketRank™ Forecast

Analyst Rating
Hold
2.27 Rating Score
Upside/​Downside
19.7% Upside
$499.43 Price Target
Short Interest
Healthy
0.54% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.46
Upright™ Environmental Score
News Sentiment
0.82mentions of Lockheed Martin in the last 14 days
Based on 16 Articles This Week
Insider Trading
Acquiring Shares
$250,474 Bought Last Quarter
Proj. Earnings Growth
4.06%
From $27.07 to $28.17 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.59 out of 5 stars

Aerospace Sector

10th out of 44 stocks

Guided Missiles & Space Vehicles & Parts Industry

2nd out of 7 stocks

See Top Rated MarketRank™ Stocks Here

LMT stock logo

About Lockheed Martin (NYSE:LMT) Stock

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 Price History

LMT Stock News Headlines

August 30, 2023 | marketbeat.com
Is Amazon a Blue Chip Stock? (LMT)
Is Amazon a blue chip stock or does it fit into a different category? Learn more about Amazon.com Inc. and how to categorize it with MarketBeat.
August 29, 2023 | marketbeat.com
The Next Meme Stock: 6 Tickers Leading a Meme Stock Revival (LMT)
Meme stocks soared during the early days of the pandemic. Will these stocks form a major meme stock rally or a short-lived farewell tour? Learn more.
September 21, 2023 | Chaikin Analytics (Ad)
This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
August 22, 2023 | marketbeat.com
3 Defense Stocks Offering Great Value for September
Despite the noise about a government shutdown, it shouldn't have much effect on defense spending, which could be bullish for these three defense stocks
August 22, 2023 | marketbeat.com
3 Defense Stocks That Offer Great Value for September (LMT)
Despite the noise about a government shutdown, it shouldn't have much effect on defense spending, which could be bullish for these three defense stocks
September 21, 2023 | finance.yahoo.com
F-35 fighter jets can only fly 55% of time, US watchdog says
September 19, 2023 | finance.yahoo.com
Lockheed Martin Stock: Buy, Sell, or Hold?
September 19, 2023 | seekingalpha.com
UFOs Put Lockheed Martin In Spotlight, Overshadowing RTX's Navy Contracts
September 21, 2023 | Chaikin Analytics (Ad)
This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
September 19, 2023 | finance.yahoo.com
Lockheed Martin Corporation (NYSE:LMT) is a favorite amongst institutional investors who own 75%
September 19, 2023 | americanbankingnews.com
Lockheed Martin (NYSE:LMT) Upgraded to "Equal Weight" at Wells Fargo & Company
September 19, 2023 | finance.yahoo.com
UPDATE 1-US finds debris from fighter jet one day after crash
September 19, 2023 | finance.yahoo.com
Wreck of Missing F-35 Jet Fighter Found in South Carolina
September 18, 2023 | seekingalpha.com
Fortress Of Dividends: Lockheed Martin's 3% Yield Is Among The Best Money Can Buy
September 18, 2023 | finance.yahoo.com
Anyone seen my F-35? US searches for fighter jet after mishap
September 18, 2023 | finance.yahoo.com
Search Under Way for F-35 Jet Fighter Missing in South Carolina
September 15, 2023 | msn.com
China Sanctions Northrup (NYSE:NOC), Lockheed Martin (NYSE:LMT), Investors Yawn
September 15, 2023 | finance.yahoo.com
Here's Why We're Rounding Out Our Position in This Portfolio Name
September 14, 2023 | seekingalpha.com
Lockheed Martin Corporation (LMT) Morgan Stanley 11th Annual Laguna Conference (Transcript)
September 13, 2023 | finance.yahoo.com
Lockheed (LMT) Wins $842M Deal to Support F-35 Jet Program
September 12, 2023 | marketwatch.com
Lockheed Martin awarded $841.5 million contract modification by U.S. Navy for F-35 jet program
September 12, 2023 | msn.com
Lockheed Martin Faces $800M Payment Delay Over F-35 Software Approval: Report
September 12, 2023 | finance.yahoo.com
Lockheed (LMT) Wins Contract to Aid H-60 Helicopters
September 11, 2023 | gurufocus.com
Lockheed Martin: Finding Value in Best of Breed
September 11, 2023 | quiverquant.com
Lockheed Martin ($LMT) Just Reported Spending $3,400,000 on Lobbying for These Issues...
September 11, 2023 | americanbankingnews.com
Lockheed Martin Co. (NYSE:LMT) Forecasted to Post FY2023 Earnings of $27.05 Per Share
September 7, 2023 | finance.yahoo.com
Lockheed Uncertainty and the Ongoing Geopolitical Tension
See More Headlines
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LMT Company Calendar

Ex-Dividend for 6/23 Dividend
5/31/2023
Dividend Payable
6/23/2023
Last Earnings
7/18/2023
Ex-Dividend for 9/22 Dividend
8/31/2023
Today
9/21/2023
Dividend Payable
9/22/2023
Next Earnings (Estimated)
10/17/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Guided missiles & space vehicles & parts
Sub-Industry
Aerospace & Defense
Sector
Aerospace
Current Symbol
NYSE:LMT
CUSIP
53983010
CIK
936468
Web
www.lockheedmartin.com
Phone
(301) 897-6000
Fax
301-897-6919
Employees
116,000
Year Founded
1995

Price Target and Rating

Average Stock Price Forecast
$499.43
High Stock Price Forecast
$555.00
Low Stock Price Forecast
$332.00
Forecasted Upside/Downside
+19.7%
Consensus Rating
Hold
Rating Score (0-4)
2.27
Research Coverage
15 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$27.35
Trailing P/E Ratio
15.26
Forward P/E Ratio
15.42
P/E Growth
2.42
Net Income
$5.73 billion
Net Margins
10.48%
Pretax Margin
12.30%
Return on Equity
71.67%
Return on Assets
13.28%

Debt

Debt-to-Equity Ratio
1.87
Current Ratio
1.36
Quick Ratio
1.16

Sales & Book Value

Annual Sales
$65.98 billion
Price / Sales
1.59
Cash Flow
$33.12 per share
Price / Cash Flow
12.60
Book Value
$36.29 per share
Price / Book
11.50

Miscellaneous

Outstanding Shares
251,830,000
Free Float
251,403,000
Market Cap
$105.10 billion
Optionable
Optionable
Beta
0.65

Social Links

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Key Executives

  • Mr. James D. Taiclet Jr.Mr. James D. Taiclet Jr. (Age 62)
    Chairman, Pres & CEO
    Comp: $11.4M
  • Mr. Jesus Malave Jr. (Age 54)
    Chief Financial Officer
    Comp: $3.41M
  • Mr. Frank A. St. John (Age 56)
    Chief Operating Officer
    Comp: $4.71M
  • Ms. Maryanne R. LavanMs. Maryanne R. Lavan (Age 64)
    Sr. VP, Gen. Counsel & Corp. Sec.
    Comp: $3.21M
  • Mr. Gregory M. UlmerMr. Gregory M. Ulmer (Age 58)
    Exec. VP of Aeronautics
    Comp: $2.98M
  • Mr. H. Edward Paul III (Age 47)
    Chief Accounting Officer, VP & Controller
  • Mr. Rodney A. Makoske
    Chief Engineer and Sr. VP of Engineering & Technology
  • Ms. Yvonne O. Hodge
    Sr. VP of Enterprise Bus. & Digital Transformation and CIO
  • Ms. Maria Ricciardone Lee (Age 47)
    VP of Investor Relations
  • Mr. Dean Acosta
    Sr. VP & Chief Communications Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













LMT Stock - Frequently Asked Questions

Should I buy or sell Lockheed Martin stock right now?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lockheed Martin in the last year. There are currently 1 sell rating, 9 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?

15 Wall Street analysts have issued 12 month price targets for Lockheed Martin's shares. Their LMT share price forecasts range from $332.00 to $555.00. On average, they predict the company's stock price to reach $499.43 in the next twelve months. This suggests a possible upside of 19.7% 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 2023?

Lockheed Martin's stock was trading at $486.49 at the start of the year. Since then, LMT stock has decreased by 14.2% and is now trading at $417.36.
View the best growth stocks for 2023 here.

When is Lockheed Martin's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 17th 2023.
View our LMT earnings forecast.

How were Lockheed Martin's earnings last quarter?

Lockheed Martin Co. (NYSE:LMT) released its quarterly earnings results on Tuesday, July, 18th. The aerospace company reported $6.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.45 by $0.28. The aerospace company had revenue of $16.69 billion for the quarter, compared to the consensus estimate of $15.92 billion. Lockheed Martin had a net margin of 10.48% and a trailing twelve-month return on equity of 71.67%. Lockheed Martin's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted $6.32 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 Thursday, June 22nd. Investors of record on Friday, September 1st will be paid a dividend of $3.00 per share on Friday, September 22nd. This represents a $12.00 annualized dividend and a yield of 2.88%. The ex-dividend date is Thursday, August 31st.
Read our dividend analysis for LMT.

What ETFs hold Lockheed Martin's stock?

ETFs with the largest weight of Lockheed Martin (NYSE:LMT) stock in their portfolio include First Trust Indxx Aerospace & Defense ETF (MISL), iShares U.S. Aerospace & Defense ETF (ITA), Invesco Aerospace & Defense ETF (PPA), Constrained Capital ESG Orphans ETF (ORFN), BrandywineGLOBALDynamic US Large Cap Value ETF (DVAL), SPDR S&P Aerospace & Defense ETF (XAR), SPDR S&P Kensho Final Frontiers ETF (ROKT) and TrueShares Low Volatility Equity Income ETF (DIVZ).

Is Lockheed Martin a good dividend stock?

Lockheed Martin (NYSE:LMT) pays an annual dividend of $12.00 per share and currently has a dividend yield of 2.82%. The company has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 43.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LMT will have a dividend payout ratio of 42.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LMT.

How will Lockheed Martin's stock buyback program work?

Lockheed Martin announced that its Board of Directors has approved a stock repurchase program on Thursday, September 23rd 2021, which authorizes the company to repurchase $5,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 5.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its stock is undervalued.

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

Lockheed Martin updated its FY 2023 earnings guidance on Tuesday, July, 18th. The company provided EPS guidance of $27.00-$27.20 for the period, compared to the consensus EPS estimate of $27.15. The company issued revenue guidance of $66.25 billion-$66.75 billion, compared to the consensus revenue estimate of $65.84 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).

What is Lockheed Martin's stock symbol?

Lockheed Martin trades on the New York Stock Exchange (NYSE) under the ticker symbol "LMT."

Who are Lockheed Martin's major shareholders?

Lockheed Martin's stock is owned by a variety of institutional and retail investors. Top institutional investors include State Street Corp (15.05%), Capital World Investors (2.97%), Charles Schwab Investment Management Inc. (2.22%), Geode Capital Management LLC (1.77%), Capital Research Global Investors (1.26%) and Wells Fargo & Company MN (1.07%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Lockheed Martin's stock price today?

One share of LMT stock can currently be purchased for approximately $417.36.

How much money does Lockheed Martin make?

Lockheed Martin (NYSE:LMT) has a market capitalization of $105.10 billion and generates $65.98 billion in revenue each year. The aerospace company earns $5.73 billion in net income (profit) each year or $27.35 on an earnings per share basis.

How many employees does Lockheed Martin have?

The company employs 116,000 workers across the globe.

How can I contact Lockheed Martin?

Lockheed Martin's mailing address is 6801 ROCKLEDGE DRIVE, BETHESDA MD, 20817. The official website for the company is www.lockheedmartin.com. The aerospace company can be reached via phone at (301) 897-6000, via email at greg.m.gardner@lmco.com, or via fax at 301-897-6919.

This page (NYSE:LMT) was last updated on 9/21/2023 by MarketBeat.com Staff

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