Lockheed Martin - LMT Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lockheed Martin in the last twelve months. There are currently 3 sell ratings, 6 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.
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14 Wall Street research analysts have issued 12 month price targets 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 $479.14 in the next twelve months. This suggests a possible upside of 4.3% from the stock's current price.
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Lockheed Martin's stock was trading at $486.49 at the beginning of the year. Since then, LMT shares have decreased by 5.5% and is now trading at $459.60.
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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) posted its quarterly earnings data on Tuesday, January, 24th. The aerospace company reported $7.79 earnings per share 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 the consensus estimate of $18.25 billion. Lockheed Martin had a net margin of 8.69% and a trailing twelve-month return on equity of 68.01%. The company's quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm posted $7.47 earnings per share.
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Lockheed Martin declared a quarterly dividend on Thursday, January 26th. Investors of record on Wednesday, March 1st will be given 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 42.64% 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 of Directors has initiated a stock buyback program on Thursday, September 23rd 2021, which allows the company to buyback $5,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 5.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its shares are undervalued.

Lockheed Martin updated its FY 2023 earnings guidance on Tuesday, January, 24th. The company provided EPS guidance of $26.60-$26.90 for the period, compared to the consensus earnings per share 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 a variety of retail and institutional investors. Top institutional investors include Confluence Investment Management LLC (0.13%), Yacktman Asset Management LP (0.13%), International Assets Investment Management LLC (0.12%), New York State Teachers Retirement System (0.11%), Focused Investors LLC (0.09%) and Allspring Global Investments Holdings LLC (0.06%). Insiders that own company stock include Brian P Colan, Brian P Colan, Gregory M Ulmer, John Donovan, John Frank A St, John Frank A St, Kenneth R Possenriede, Marillyn A Hewson, Maryanne Lavan, Michele A Evans, 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 $459.60.

Lockheed Martin (NYSE:LMT) has a market capitalization of $120.45 billion and generates $65.98 billion in revenue each year. The aerospace company earns $6.32 billion in net income (profit) each year or $21.71 on an earnings per share basis.

The company employs 114,000 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.