S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Is Buying an Aged Corporation a Good Idea?
Is This The End of Capitalism? (Ad)
MarketBeat Week in Review – 1/23- 1/27
Visa, L3Harris rise; Intel, Eastman Chemical fall
Is This The End of Capitalism? (Ad)
How major US stock indexes fared Friday 1/27/2023
Wall Street adds more to its big January after strong week
The Next Big Crisis Is Here (Ad)
Italy's premier visits Libya for talks on energy, migration
Japan firm opens whale meat vending machines to push sales
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Is Buying an Aged Corporation a Good Idea?
Is This The End of Capitalism? (Ad)
MarketBeat Week in Review – 1/23- 1/27
Visa, L3Harris rise; Intel, Eastman Chemical fall
Is This The End of Capitalism? (Ad)
How major US stock indexes fared Friday 1/27/2023
Wall Street adds more to its big January after strong week
The Next Big Crisis Is Here (Ad)
Italy's premier visits Libya for talks on energy, migration
Japan firm opens whale meat vending machines to push sales
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Is Buying an Aged Corporation a Good Idea?
Is This The End of Capitalism? (Ad)
MarketBeat Week in Review – 1/23- 1/27
Visa, L3Harris rise; Intel, Eastman Chemical fall
Is This The End of Capitalism? (Ad)
How major US stock indexes fared Friday 1/27/2023
Wall Street adds more to its big January after strong week
The Next Big Crisis Is Here (Ad)
Italy's premier visits Libya for talks on energy, migration
Japan firm opens whale meat vending machines to push sales
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Is Buying an Aged Corporation a Good Idea?
Is This The End of Capitalism? (Ad)
MarketBeat Week in Review – 1/23- 1/27
Visa, L3Harris rise; Intel, Eastman Chemical fall
Is This The End of Capitalism? (Ad)
How major US stock indexes fared Friday 1/27/2023
Wall Street adds more to its big January after strong week
The Next Big Crisis Is Here (Ad)
Italy's premier visits Libya for talks on energy, migration
Japan firm opens whale meat vending machines to push sales
NYSE:LMT

Lockheed Martin - LMT Stock Forecast, Price & News

$459.60
-0.21 (-0.05%)
(As of 01/27/2023 12:00 AM ET)
Add
Compare
Today's Range
$457.45
$466.68
50-Day Range
$439.31
$496.23
52-Week Range
$373.67
$498.95
Volume
1.59 million shs
Average Volume
1.51 million shs
Market Capitalization
$120.45 billion
P/E Ratio
21.17
Dividend Yield
2.61%
Price Target
$471.50

Lockheed Martin MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
4.3% Upside
$479.14 Price Target
Short Interest
Healthy
1.16% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.46
Upright™ Environmental Score
News Sentiment
0.41mentions of Lockheed Martin in the last 14 days
Based on 44 Articles This Week
Insider Trading
Acquiring Shares
$250,867 Bought Last Quarter
Proj. Earnings Growth
3.91%
From $27.08 to $28.14 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.22 out of 5 stars

Aerospace Sector

13th out of 46 stocks

Guided Missiles & Space Vehicles & Parts Industry

5th 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. 

Receive LMT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Lockheed Martin and its competitors with MarketBeat's FREE daily newsletter.

LMT Stock News Headlines

Is It Time To Get Aggressive With Defense Stocks? 
Raytheon and Lockheed Martin are trending higher over the long term but have pulled back into buying opportunities for defense investors.
Is the Northrop Grumman Selloff an Opportunity? (LMT)
Chatter around Northrop Grumman is on the rise as traders feverishly debate whether the -17% year-to-date decline is an opportunity or a sign of more to come.
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
MarketBeat: Week in Review 01/09-01/13 (LMT)
Markets are looking for direction in early trading before a holiday weekend. Here are some of the popular stories MarketBeat analysts were covering this week.
Can Lockheed Martin Corporation Hit Another All-Time High in Q1?
Lockheed ended 2022 with a bang, reaching an all-time high of $498. Do they have enough tailwinds to retake this in the coming weeks?
Lockheed Martin (NYSE:LMT) Price Target Raised to $408.00
Lockheed Martin Declares First Quarter 2023 Dividend
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
Lockheed Martin: Still A Buy
Lockheed Martin Sees Unusually Large Options Volume (NYSE:LMT)
SAP Expands 25-Year Partnership with Lockheed Martin
Lockheed Martin (NYSE:LMT) Releases FY23 Earnings Guidance
See More Headlines
Receive LMT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Lockheed Martin and its competitors with MarketBeat's FREE daily newsletter.

LMT Company Calendar

Ex-Dividend for 12/30 Dividend
11/30/2022
Dividend Payable
12/30/2022
Last Earnings
1/24/2023
Today
1/28/2023
Ex-Dividend for 3/24 Dividend
2/28/2023
Dividend Payable
3/24/2023
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
114,000
Year Founded
1995

Price Target and Rating

Average Stock Price Forecast
$479.14
High Stock Price Forecast
$546.00
Low Stock Price Forecast
$332.00
Forecasted Upside/Downside
+2.6%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
14 Analysts

Profitability

Net Income
$6.32 billion
Pretax Margin
10.12%

Debt

Sales & Book Value

Annual Sales
$65.98 billion
Cash Flow
$32.85 per share
Book Value
$35.36 per share

Miscellaneous

Free Float
261,628,000
Market Cap
$120.45 billion
Optionable
Optionable
Beta
0.73

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?

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.
View LMT analyst ratings
or view top-rated stocks.

What is Lockheed Martin's stock price forecast for 2023?

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.
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 at the beginning of the year. Since then, LMT shares have decreased by 5.5% and is now trading at $459.60.
View the best growth stocks for 2023 here
.

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) 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.
Read the conference call transcript
.

How often does Lockheed Martin pay dividends? What is the dividend yield for Lockheed Martin?

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
.

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 2.61%. 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.

How will Lockheed Martin's stock buyback program work?

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.

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

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.

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 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.
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 $459.60.

How much money does Lockheed Martin make?

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.

How many employees does Lockheed Martin have?

The company employs 114,000 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 1/28/2023 by MarketBeat.com Staff