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NYSE:LMT

Lockheed Martin - LMT Stock Forecast, Price & News

$474.19
+2.75 (+0.58%)
(As of 03/29/2023 12:00 AM ET)
Add
Compare
Today's Range
$470.68
$474.30
50-Day Range
$439.31
$481.97
52-Week Range
$373.67
$498.95
Volume
1.13 million shs
Average Volume
1.49 million shs
Market Capitalization
$120.69 billion
P/E Ratio
21.84
Dividend Yield
2.53%
Price Target
$490.43

Lockheed Martin MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
3.4% Upside
$490.43 Price Target
Short Interest
Healthy
1.08% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.46
Upright™ Environmental Score
News Sentiment
0.64mentions of Lockheed Martin in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$1.21 M Sold Last Quarter
Proj. Earnings Growth
4.69%
From $26.86 to $28.12 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

15th out of 47 stocks

Guided Missiles & Space Vehicles & Parts Industry

3rd out of 8 stocks


LMT stock logo

About Lockheed Martin (NYSE:LMT) Stock

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. 

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LMT Stock News Headlines

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"Prepare for Five Years of Famine"
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Guru Fundamental Report for LMT
Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
See More Headlines
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LMT Company Calendar

Ex-Dividend for 12/30 Dividend
11/30/2022
Dividend Payable
12/30/2022
Last Earnings
1/24/2023
Ex-Dividend for 3/24 Dividend
2/28/2023
Dividend Payable
3/24/2023
Today
3/29/2023
Next Earnings (Estimated)
4/18/2023
Fiscal Year End
12/31/2023

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 Forecast
$490.43
High Stock Price Forecast
$546.00
Low Stock Price Forecast
$332.00
Forecasted Upside/Downside
+3.6%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
15 Analysts

Profitability

Net Income
$5.73 billion
Pretax Margin
10.12%

Debt

Sales & Book Value

Annual Sales
$65.98 billion
Cash Flow
$33.68 per share
Book Value
$36.29 per share

Miscellaneous

Free Float
254,086,000
Market Cap
$120.52 billion
Optionable
Optionable
Beta
0.68

Social Links


Key Executives

  • Jim Taiclet
    Chairman, President & Chief Executive Officer
  • Frank A. St. John
    Chief Operating Officer
  • Jesus Malave
    Chief Financial Officer
  • Yvonne O. Hodge
    Chief Information Officer & Senior Vice President
  • Rodney A. Makoske
    SVP, Chief Engineering, Technology & Operations













LMT Stock - 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 year. There are currently 2 sell ratings, 6 hold ratings and 7 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 forecast for 2023?

15 brokerages have issued 12-month target prices for Lockheed Martin's stock. Their LMT share price forecasts range from $332.00 to $546.00. On average, they predict the company's share price to reach $490.43 in the next twelve months. This suggests a possible upside of 3.8% 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 on January 1st, 2023. Since then, LMT shares have decreased by 2.9% and is now trading at $472.49.
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 March. As of March 15th, there was short interest totaling 2,760,000 shares, an increase of 15.0% from the February 28th total of 2,400,000 shares. Based on an average daily volume of 1,440,000 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.1% of the company's stock are short sold.
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 18th 2023.
View our LMT earnings forecast
.

How were Lockheed Martin's earnings last quarter?

Lockheed Martin Co. (NYSE:LMT) released its earnings results 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 had revenue of $18.99 billion for 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 firm's revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $7.47 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 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 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend is Tuesday, February 28th.
Read our dividend analysis for LMT
.

Is Lockheed Martin a good dividend stock?

Lockheed Martin (NYSE:LMT) pays an annual dividend of $12.00 per share and currently has a dividend yield of 2.53%. 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.

How will Lockheed Martin's stock buyback program work?

Lockheed Martin declared that its board has initiated a stock buyback plan on Thursday, September 23rd 2021, which permits the company to buyback $5,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 5.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.

What guidance has Lockheed Martin issued on next quarter's earnings?

Lockheed Martin issued an update on 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 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.

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).

What is Lockheed Martin's stock symbol?

Lockheed Martin trades on the New York Stock Exchange (NYSE) under the ticker symbol "LMT."

Who are Lockheed Martin's major shareholders?

Lockheed Martin's stock is owned by a number of institutional and retail investors. Top institutional shareholders 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.
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.

What is Lockheed Martin's stock price today?

One share of LMT stock can currently be purchased for approximately $472.49.

How much money does Lockheed Martin make?

Lockheed Martin (NYSE:LMT) has a market capitalization of $120.26 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.

How many employees does Lockheed Martin have?

The company employs 116,000 workers across the globe.

How can I contact Lockheed Martin?

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.

This page (NYSE:LMT) was last updated on 3/29/2023 by MarketBeat.com Staff