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QQQ   414.65
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American Express profits jump 34%, helped by jump in new customers, higher spending
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Closing prices for crude oil, gold and other commodities
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
Closing prices for crude oil, gold and other commodities
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
Closing prices for crude oil, gold and other commodities
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
Closing prices for crude oil, gold and other commodities
NYSE:LMT

Lockheed Martin (LMT) Stock Price, News & Analysis

$464.14
+8.05 (+1.77%)
(As of 04/19/2024 ET)
Today's Range
$457.28
$465.36
50-Day Range
$418.02
$464.14
52-Week Range
$393.77
$495.83
Volume
1.39 million shs
Average Volume
1.00 million shs
Market Capitalization
$111.62 billion
P/E Ratio
16.85
Dividend Yield
2.71%
Price Target
$486.78

Lockheed Martin MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
4.9% Upside
$486.78 Price Target
Short Interest
Healthy
0.90% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.46
Upright™ Environmental Score
News Sentiment
0.55mentions of Lockheed Martin in the last 14 days
Based on 24 Articles This Week
Insider Trading
Selling Shares
$7.25 M Sold Last Quarter
Proj. Earnings Growth
7.96%
From $26.13 to $28.21 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.

4.55 out of 5 stars

Aerospace Sector

2nd out of 40 stocks

Guided Missiles & Space Vehicles & Parts Industry

1st out of 6 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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Secret Bull Market Starts in This Unusual Sector
"We're only at the very beginning of a new wave that could deliver 500%-plus gains in the years to come." In fact, 50 small companies related to this sector have already soared 100% or more in a recent 90-day stretch.
3 Resilient Stocks to Snatch Up During Market Dips
See More Headlines
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Company Calendar

Last Earnings
1/23/2024
Ex-Dividend for 3/29 Dividend
2/29/2024
Dividend Payable
3/29/2024
Today
4/19/2024
Next Earnings (Confirmed)
4/23/2024
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
$487.70
High Stock Price Target
$540.00
Low Stock Price Target
$440.00
Potential Upside/Downside
+5.1%
Consensus Rating
Hold
Rating Score (0-4)
2.30
Research Coverage
10 Analysts

Profitability

Net Income
$6.92 billion
Pretax Margin
11.98%

Debt

Sales & Book Value

Annual Sales
$67.57 billion
Cash Flow
$35.43 per share
Book Value
$28.28 per share

Miscellaneous

Free Float
240,086,000
Market Cap
$111.62 billion
Optionable
Optionable
Beta
0.48

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

Pros

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

  • Lockheed Martin's consistent involvement in research, design, and development of cutting-edge technology systems and products keeps them at the forefront of innovation in the aerospace industry.
  • With a strong presence in various segments like Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space, Lockheed Martin has diversified revenue streams that can help mitigate risks.
  • Recent acquisitions and stake purchases by institutional investors indicate confidence in the company's growth potential, which could positively impact stock performance.
  • Lockheed Martin's strategic partnerships and contracts with government agencies provide a stable revenue source and long-term growth opportunities.
  • The current stock price of Lockheed Martin reflects a potential value opportunity for investors looking to enter the aerospace sector with a reputable company.

Cons

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

  • Analysts have recently lowered price targets and ratings on Lockheed Martin, indicating potential challenges or uncertainties in the company's future performance.
  • Market volatility and geopolitical factors can impact defense and aerospace companies like Lockheed Martin, leading to fluctuations in stock prices.
  • Competition in the aerospace industry is intense, with other major players constantly innovating and vying for market share, which could affect Lockheed Martin's growth prospects.
  • Government budget cuts or changes in defense spending policies could influence Lockheed Martin's revenue and profitability, posing risks to investors.
  • Investors should closely monitor global economic conditions and geopolitical events that may impact defense contracts and spending, affecting Lockheed Martin's financial performance.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Lockheed Martin pros and cons to contact@marketbeat.com.

LMT Stock Analysis - Frequently Asked Questions

Should I buy or sell Lockheed Martin stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lockheed Martin in the last year. There are currently 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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?

9 Wall Street research analysts have issued 1-year price targets for Lockheed Martin's stock. Their LMT share price targets range from $440.00 to $540.00. On average, they predict the company's stock price to reach $486.78 in the next twelve months. This suggests a possible upside of 4.9% 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 at the beginning of the year. Since then, LMT stock has increased by 2.4% and is now trading at $464.14.
View the best growth stocks for 2024 here
.

Are investors shorting Lockheed Martin?

Lockheed Martin saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 2,480,000 shares, an increase of 42.5% from the February 29th total of 1,740,000 shares. Based on an average trading volume of 1,130,000 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.0% of the company's 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, April 23rd 2024.
View our LMT earnings forecast
.

How can I listen to Lockheed Martin's earnings call?

Lockheed Martin will be holding an earnings conference call on Tuesday, April 23rd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Lockheed Martin's earnings last quarter?

Lockheed Martin Co. (NYSE:LMT) posted its quarterly earnings results on Tuesday, January, 23rd. The aerospace company reported $7.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.26 by $0.64. The aerospace company earned $18.87 billion during the quarter, compared to analyst estimates of $17.96 billion. Lockheed Martin had a net margin of 10.24% and a trailing twelve-month return on equity of 79.91%. Lockheed Martin's revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned $7.79 earnings per share.
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 Tuesday, January 23rd. Shareholders of record on Friday, March 1st will be given a dividend of $3.15 per share on Friday, March 29th. This represents a $12.60 annualized dividend and a dividend yield of 2.71%. The ex-dividend date 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 2.76%. 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 44.67% 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 a number of retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.25%), Confluence Investment Management LLC (0.14%), Allspring Global Investments Holdings LLC (0.08%), Scharf Investments LLC (0.08%), Global Assets Advisory LLC (0.07%) and Wealth Enhancement Advisory Services LLC (0.06%). 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 4/20/2024 by MarketBeat.com Staff

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