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 2 sell ratings, 6 hold ratings and 7 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 research analysts have issued twelve-month price targets for Lockheed Martin's stock. Their LMT share price forecasts range from $332.00 to $546.00. On average, they predict the company's stock price to reach $490.43 in the next twelve months. This suggests a possible upside of 3.3% 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 stock has decreased by 2.5% and is now trading at $474.54.
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Lockheed Martin saw a drop in short interest during the month of February. As of February 28th, there was short interest totaling 2,400,000 shares, a drop of 11.4% from the February 13th total of 2,710,000 shares. Based on an average trading volume of 1,320,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.9% of the company's shares are short sold.
View Lockheed Martin's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 18th 2023.
View our LMT earnings forecast.

Lockheed Martin Co. (NYSE:LMT) announced 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 the consensus estimate of $18.25 billion. Lockheed Martin had a trailing twelve-month return on equity of 68.01% and a net margin of 8.69%. The business's quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business earned $7.47 earnings per share.
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Lockheed Martin declared a quarterly dividend on Thursday, January 26th. Stockholders 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 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Tuesday, February 28th.
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), Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN), Constrained Capital ESG Orphans ETF (ORFN), TrueShares Low Volatility Equity Income ETF (DIVZ), Industrial Select Sector SPDR Fund (XLI) and Invesco Select Growth ETF (IVSG).

Lockheed Martin (NYSE:LMT) pays an annual dividend of $12.00 per share and currently has a dividend yield of 2.56%. 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 42.67% 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 initiated a stock repurchase plan on Thursday, September 23rd 2021, which permits the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 5.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its stock is 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 many different institutional and retail investors. Top institutional investors include Charles Schwab Investment Management Inc. (2.29%), Morgan Stanley (2.08%), Geode Capital Management LLC (1.72%), Wells Fargo & Company MN (1.07%), Franklin Resources Inc. (0.76%) and Moneta Group Investment Advisors LLC (0.75%). 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 $474.54.

Lockheed Martin (NYSE:LMT) has a market capitalization of $120.78 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.