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 year. There are currently 3 sell ratings, 6 hold ratings and 6 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 brokers have issued twelve-month target prices for Lockheed Martin's stock. Their LMT share price forecasts range from $332.00 to $546.00. On average, they anticipate the company's stock price to reach $482.07 in the next year. This suggests a possible upside of 5.0% from the stock's current price.
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Lockheed Martin's stock was trading at $486.49 on January 1st, 2023. Since then, LMT stock has decreased by 5.6% and is now trading at $459.08.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 18th 2023.
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Lockheed Martin Co. (NYSE:LMT) released its quarterly earnings results on Tuesday, January, 24th. The aerospace company reported $7.79 EPS for the quarter, beating analysts' consensus estimates of $7.41 by $0.38. The aerospace company earned $18.99 billion during the quarter, compared to analysts' expectations of $18.25 billion. Lockheed Martin had a net margin of 8.69% and a trailing twelve-month return on equity of 68.01%. Lockheed Martin's revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $7.47 earnings per share.
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Lockheed Martin announced a quarterly dividend on Thursday, January 26th. Investors of record on Wednesday, March 1st will be paid a dividend of $3.00 per share on Friday, March 24th. This represents a $12.00 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Tuesday, February 28th.
Read our dividend analysis for LMT.

Lockheed Martin (NYSE:LMT) pays an annual dividend of $12.00 per share and currently has a dividend yield of 2.61%. 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 55.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LMT will have a dividend payout ratio of 42.58% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LMT.

Lockheed Martin declared that its board has authorized a stock buyback plan on Thursday, September 23rd 2021, which authorizes the company to buyback $5,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 5.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's management believes its shares are undervalued.

Lockheed Martin issued an update on its FY 2023 earnings guidance on Tuesday, January, 24th. The company provided earnings per share (EPS) guidance of $26.60-$26.90 for the period, compared to the consensus EPS estimate of $26.93. The company issued revenue guidance of $65.00 billion-$66.00 billion, compared to the consensus revenue estimate of $65.74 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 many different institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.29%), Bank of Montreal Can (0.27%), Capital Wealth Planning LLC (0.19%), Edmp Inc. (0.18%), New York State Common Retirement Fund (0.17%) and Confluence Investment Management LLC (0.13%). 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 and Stephanie C Hill.
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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 $459.08.

Lockheed Martin (NYSE:LMT) has a market capitalization of $117.20 billion and generates $65.98 billion in revenue each year. The aerospace company earns $5.73 billion in net income (profit) each year or $21.71 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.