Lockheed Martin (LMT) Stock Forecast, Price & News

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lockheed Martin in the last twelve months. There are currently 2 sell ratings, 8 hold ratings and 5 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.
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15 Wall Street analysts have issued 1-year target prices for Lockheed Martin's shares. Their LMT share price forecasts range from $332.00 to $579.00. On average, they anticipate the company's share price to reach $494.79 in the next year. This suggests a possible upside of 8.8% from the stock's current price.
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Lockheed Martin's stock was trading at $486.49 at the beginning of 2023. Since then, LMT stock has decreased by 6.5% and is now trading at $454.69.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 18th 2023.
View our LMT earnings forecast.

Lockheed Martin Co. (NYSE:LMT) issued its quarterly earnings data on Tuesday, April, 18th. The aerospace company reported $6.43 earnings per share for the quarter, topping the consensus estimate of $6.08 by $0.35. The aerospace company had revenue of $15.13 billion for the quarter, compared to analysts' expectations of $15.01 billion. Lockheed Martin had a net margin of 8.60% and a trailing twelve-month return on equity of 67.75%. The firm's revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $6.44 EPS.
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Lockheed Martin announced a quarterly dividend on Wednesday, April 26th. Stockholders of record on Thursday, June 1st will be paid a dividend of $3.00 per share on Friday, June 23rd. This represents a $12.00 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Wednesday, May 31st.
Read our dividend analysis for LMT.

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), Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN), WBI BullBear Value 3000 ETF (WBIF), WBI BullBear Quality 3000 ETF (WBIL) and WBI BullBear Yield 3000 ETF (WBIG).

Lockheed Martin (NYSE:LMT) pays an annual dividend of $12.00 per share and currently has a dividend yield of 2.64%. 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 54.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LMT will have a dividend payout ratio of 42.66% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LMT.

Lockheed Martin announced that its board has approved a share repurchase plan on Thursday, September 23rd 2021, which allows the company to buyback $5,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 5.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

Lockheed Martin issued an update on its FY 2023 earnings guidance on Wednesday, April, 19th. The company provided earnings per share guidance of $26.60-$26.90 for the period, compared to the consensus estimate of $26.77. The company issued revenue guidance of $65.00 billion-$66.00 billion, compared to the consensus revenue estimate of $65.70 billion.

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.

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).

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

Lockheed Martin's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include State Street Corp (14.99%), FMR LLC (2.96%), Charles Schwab Investment Management Inc. (2.16%), Geode Capital Management LLC (1.72%), Wellington Management Group LLP (1.27%) and Proficio Capital Partners LLC (1.09%). 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.
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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.
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One share of LMT stock can currently be purchased for approximately $454.69.

Lockheed Martin (NYSE:LMT) has a market capitalization of $115.15 billion and generates $65.98 billion in revenue each year. The aerospace company earns $5.73 billion in net income (profit) each year or $21.88 on an earnings per share basis.

The company employs 116,000 workers across the globe.

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.