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S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Freshworks gets juiced on its AI customer engagement platform
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
3 tech outperformers adored by analysts
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
High short interest stocks: this popular trend is re-emerging
Biden goes into 2024 with the economy getting stronger, but voters feel horrible about it
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Freshworks gets juiced on its AI customer engagement platform
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
3 tech outperformers adored by analysts
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
High short interest stocks: this popular trend is re-emerging
Biden goes into 2024 with the economy getting stronger, but voters feel horrible about it
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Freshworks gets juiced on its AI customer engagement platform
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
3 tech outperformers adored by analysts
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
High short interest stocks: this popular trend is re-emerging
Biden goes into 2024 with the economy getting stronger, but voters feel horrible about it

Lockheed Martin (LMT) Stock Price, News & Analysis

$448.02
+0.91 (+0.20%)
(As of 12/8/2023 08:57 PM ET)
Compare
Today's Range
$447.46
$450.53
50-Day Range
$397.18
$457.88
52-Week Range
$393.77
$508.10
Volume
761,100 shs
Average Volume
1.24 million shs
Market Capitalization
$111.15 billion
P/E Ratio
16.37
Dividend Yield
2.81%
Price Target
$484.07

Lockheed Martin MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
8.0% Upside
$484.07 Price Target
Short Interest
Healthy
0.87% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.46
Upright™ Environmental Score
News Sentiment
1.03mentions of Lockheed Martin in the last 14 days
Based on 17 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-1.25%
From $27.19 to $26.85 Per Share

Overall MarketRank

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

2.10 out of 5 stars

Aerospace Sector

9th out of 37 stocks

Guided Missiles & Space Vehicles & Parts Industry

2nd out of 8 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

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Company Calendar

Ex-Dividend for 9/22 Dividend
8/31/2023
Dividend Payable
9/22/2023
Last Earnings
10/17/2023
Ex-Dividend for 12/29 Dividend
11/30/2023
Today
12/10/2023
Dividend Payable
12/29/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/23/2024

Industry, Sector and Symbol

Industry
Guided missiles & space vehicles & parts
Sub-Industry
Aerospace & Defense
Sector
Aerospace
CUSIP
53983010
Employees
116,000
Year Founded
1995

Price Target and Rating

Average Stock Price Target
$484.07
High Stock Price Target
$550.00
Low Stock Price Target
$332.00
Potential Upside/Downside
+8.0%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
15 Analysts

Profitability

Net Income
$5.73 billion
Pretax Margin
12.03%

Debt

Sales & Book Value

Annual Sales
$65.98 billion
Cash Flow
$33.81 per share
Book Value
$36.29 per share

Miscellaneous

Free Float
247,677,000
Market Cap
$111.15 billion
Optionable
Optionable
Beta
0.57

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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 Sunday, December 10, 2023 at 8:22 PM.

Pros

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

  • Lockheed Martin Corporation is a well-established security and aerospace company with a long history dating back to 1912.
  • The company operates in four segments, including Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space, providing diversification and exposure to multiple areas of the defense industry.
  • Lockheed Martin is a major supplier to the U.S. government and also engages in foreign military sales contracted through the U.S. government, which provides a stable and reliable customer base.
  • The company offers a wide range of products and services, including combat and air mobility aircraft, unmanned air vehicles, missile defense systems, radar systems, and satellites, which positions it well in the aerospace and defense industry.
  • Lockheed Martin has a strong track record of innovation and technological advancements, which allows it to stay competitive and adapt to changing market demands.

Cons

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

  • The defense industry is subject to government budget constraints and geopolitical risks, which can impact the demand for Lockheed Martin's products and services.
  • Lockheed Martin faces competition from other major defense contractors, which could affect its market share and profitability.
  • The company's stock price is subject to market volatility and can be influenced by factors such as economic conditions, political events, and investor sentiment.
  • Lockheed Martin's financial performance can be affected by changes in government regulations and policies, as well as potential legal and compliance issues.
  • Investing in the aerospace and defense industry requires a thorough understanding of the industry dynamics, including technological advancements, geopolitical risks, and government contracts.














LMT Stock Analysis - 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 twelve months. There are currently 1 sell rating, 10 hold ratings and 4 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 target for 2024?

15 equities research analysts have issued twelve-month price objectives for Lockheed Martin's stock. Their LMT share price targets range from $332.00 to $550.00. On average, they expect the company's stock price to reach $484.07 in the next twelve months. This suggests a possible upside of 8.0% 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 7.9% and is now trading at $448.02.
View the best growth stocks for 2023 here
.

Are investors shorting Lockheed Martin?

Lockheed Martin saw a increase in short interest in the month of October. As of October 31st, there was short interest totaling 2,090,000 shares, an increase of 10.0% from the October 15th total of 1,900,000 shares. Based on an average trading volume of 1,280,000 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.8% of the shares of the stock are sold short.
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, January 23rd 2024.
View our LMT earnings forecast
.

How were Lockheed Martin's earnings last quarter?

Lockheed Martin Co. (NYSE:LMT) posted its quarterly earnings data on Tuesday, October, 17th. The aerospace company reported $6.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.67 by $0.10. The aerospace company earned $16.88 billion during the quarter, compared to analysts' expectations of $16.73 billion. Lockheed Martin had a trailing twelve-month return on equity of 75.46% and a net margin of 10.29%. The firm's revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.87 EPS.
Read the conference call transcript
.

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

Lockheed Martin announced a quarterly dividend on Friday, October 6th. Shareholders of record on Friday, December 1st will be given a dividend of $3.15 per share on Friday, December 29th. This represents a $12.60 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from the stock's previous quarterly dividend of $3.00.
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 2.82%. 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 46.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LMT will have a dividend payout ratio of 46.93% 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 issued an update on its FY 2023 earnings guidance on Tuesday, October, 17th. The company provided EPS guidance of $27.00-$27.20 for the period, compared to the consensus earnings per share estimate of $27.15. The company issued revenue guidance of $66.25 billion-$66.75 billion, compared to the consensus revenue estimate of $66.66 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 a variety of retail and institutional investors. Top institutional shareholders include Charles Schwab Investment Management Inc. (2.29%), FMR LLC (2.15%), Morgan Stanley (2.04%), Wellington Management Group LLP (1.27%), Northern Trust Corp (0.96%) and Ameriprise Financial Inc. (0.89%). 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.

This page (NYSE:LMT) was last updated on 12/11/2023 by MarketBeat.com Staff

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