QQQ   432.79 (+0.19%)
AAPL   188.32 (-0.58%)
MSFT   414.11 (+0.01%)
META   470.00 (+0.09%)
GOOGL   145.91 (+0.25%)
AMZN   169.84 (-0.40%)
TSLA   189.56 (+1.06%)
NVDA   696.41 (-0.65%)
NIO   5.82 (-0.68%)
AMD   169.35 (-0.93%)
BABA   70.74 (-3.94%)
T   16.82 (-2.94%)
F   12.83 (+0.23%)
MU   84.88 (-0.34%)
CGC   4.11 (-4.86%)
GE   139.07 (+0.41%)
DIS   110.54 (+11.50%)
AMC   4.09 (+3.81%)
PFE   27.56 (+0.00%)
PYPL   56.13 (-11.24%)
XOM   103.97 (+1.71%)
QQQ   432.79 (+0.19%)
AAPL   188.32 (-0.58%)
MSFT   414.11 (+0.01%)
META   470.00 (+0.09%)
GOOGL   145.91 (+0.25%)
AMZN   169.84 (-0.40%)
TSLA   189.56 (+1.06%)
NVDA   696.41 (-0.65%)
NIO   5.82 (-0.68%)
AMD   169.35 (-0.93%)
BABA   70.74 (-3.94%)
T   16.82 (-2.94%)
F   12.83 (+0.23%)
MU   84.88 (-0.34%)
CGC   4.11 (-4.86%)
GE   139.07 (+0.41%)
DIS   110.54 (+11.50%)
AMC   4.09 (+3.81%)
PFE   27.56 (+0.00%)
PYPL   56.13 (-11.24%)
XOM   103.97 (+1.71%)
QQQ   432.79 (+0.19%)
AAPL   188.32 (-0.58%)
MSFT   414.11 (+0.01%)
META   470.00 (+0.09%)
GOOGL   145.91 (+0.25%)
AMZN   169.84 (-0.40%)
TSLA   189.56 (+1.06%)
NVDA   696.41 (-0.65%)
NIO   5.82 (-0.68%)
AMD   169.35 (-0.93%)
BABA   70.74 (-3.94%)
T   16.82 (-2.94%)
F   12.83 (+0.23%)
MU   84.88 (-0.34%)
CGC   4.11 (-4.86%)
GE   139.07 (+0.41%)
DIS   110.54 (+11.50%)
AMC   4.09 (+3.81%)
PFE   27.56 (+0.00%)
PYPL   56.13 (-11.24%)
XOM   103.97 (+1.71%)
QQQ   432.79 (+0.19%)
AAPL   188.32 (-0.58%)
MSFT   414.11 (+0.01%)
META   470.00 (+0.09%)
GOOGL   145.91 (+0.25%)
AMZN   169.84 (-0.40%)
TSLA   189.56 (+1.06%)
NVDA   696.41 (-0.65%)
NIO   5.82 (-0.68%)
AMD   169.35 (-0.93%)
BABA   70.74 (-3.94%)
T   16.82 (-2.94%)
F   12.83 (+0.23%)
MU   84.88 (-0.34%)
CGC   4.11 (-4.86%)
GE   139.07 (+0.41%)
DIS   110.54 (+11.50%)
AMC   4.09 (+3.81%)
PFE   27.56 (+0.00%)
PYPL   56.13 (-11.24%)
XOM   103.97 (+1.71%)
NYSE:LMT

Lockheed Martin (LMT) Stock Price, News & Analysis

$426.88
-3.22 (-0.75%)
(As of 02/8/2024 ET)
Today's Range
$425.73
$429.75
50-Day Range
$421.55
$463.18
52-Week Range
$393.77
$508.10
Volume
970,732 shs
Average Volume
1.17 million shs
Market Capitalization
$103.15 billion
P/E Ratio
15.49
Dividend Yield
2.95%
Price Target
$491.92

Lockheed Martin MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
15.2% Upside
$491.92 Price Target
Short Interest
Healthy
0.82% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.46
Upright™ Environmental Score
News Sentiment
0.80mentions of Lockheed Martin in the last 14 days
Based on 17 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.30%
From $26.24 to $28.68 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.87 out of 5 stars

Aerospace Sector

1st out of 42 stocks

Guided Missiles & Space Vehicles & Parts Industry

1st out of 6 stocks


LMT stock logo

About Lockheed Martin Stock (NYSE:LMT)

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. 

LMT Stock Price History

LMT Stock News Headlines

3 cheap utility stocks that shouldn't be so
The spill effects of the Red Sea conflicts may start affecting the utility sector, with these three stocks coming to offer stability and growth at discounts
3 defense stocks that could soar on new contracts (LMT)
You should read this if you are being bombarded with questions regarding the Red Sea conflict, now you have three sensible choices to consider this quarter
Dangerous Bank Change (3 steps to protect yourself)
In July of this year, the US government made a sweeping change to bank accounts nationwide.  It gave them unheard-of powers to control your bank account. They can now closely track every transaction. They could even freeze it. Unless you protect yourself today. Fortunately, there are 3 simple steps you can take to safeguard your savings.
The next meme stock: 6 tickers leading a meme stock revival (LMT)
Meme stocks soared during the early days of the pandemic. Will these stocks form a major meme stock rally or a short-lived farewell tour? Learn more.
What makes Textron a must-own aerospace stock for 2024? (LMT)
This latest jump in share price for the company confirms the multi-year rally, which started back in 2020, remains intact and it is entering its next phase.
Lockheed Martin and RTX Corporation: One to buy, one to let fly? (LMT)
RTX and Lockheed Martin had decent quarters, but a crucial difference has analyst sentiment shifting, and one stock is rising while the other is falling.
Growth for these defense stocks as global tensions rise
TransDigm, RTX, and Lockheed Martin lead defense stocks, offering both growth and income potential amid increasing geopolitical tensions worldwide.
3 stocks to keep in mind as a Red Sea conflict emerges
As a Red Sea conflict emerges, there is a chance for traders to make money on the rising oil prices, namely in these energy and defense names
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
329 layoffs hit freight-related firms in Texas
13 Best Aerospace Stocks To Buy On Sale
Is Lockheed Martin Stock a Buy?
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.

Company Calendar

Ex-Dividend for 12/29 Dividend
11/30/2023
Dividend Payable
12/29/2023
Last Earnings
1/23/2024
Today
2/08/2024
Ex-Dividend for 3/29 Dividend
2/29/2024
Dividend Payable
3/29/2024
Next Earnings (Estimated)
4/16/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Aerospace
Industry
Guided missiles & space vehicles & parts
Sub-Industry
Aerospace & Defense
CUSIP
53983010
Employees
122,000
Year Founded
1995

Price Target and Rating

Average Stock Price Target
$491.92
High Stock Price Target
$550.00
Low Stock Price Target
$440.00
Potential Upside/Downside
+15.1%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
12 Analysts

Profitability

Net Income
$6.92 billion
Pretax Margin
11.98%

Debt

Sales & Book Value

Annual Sales
$67.57 billion
Cash Flow
$34.86 per share
Book Value
$28.28 per share

Miscellaneous

Free Float
241,232,000
Market Cap
$103.27 billion
Optionable
Optionable
Beta
0.49

Social Links

A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for February 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

Get This Free Report

Key Executives















LMT Stock Analysis - Frequently Asked Questions

Should I buy or sell Lockheed Martin stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lockheed Martin in the last twelve months. There are currently 9 hold ratings and 3 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.
View LMT analyst ratings
or view top-rated stocks.

What is Lockheed Martin's stock price target for 2024?

12 brokerages have issued twelve-month price targets for Lockheed Martin's shares. Their LMT share price targets range from $440.00 to $550.00. On average, they expect the company's stock price to reach $491.92 in the next year. This suggests a possible upside of 15.2% 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 2024?

Lockheed Martin's stock was trading at $453.24 on January 1st, 2024. Since then, LMT shares have decreased by 5.8% and is now trading at $426.88.
View the best growth stocks for 2024 here
.

Are investors shorting Lockheed Martin?

Lockheed Martin saw a decline in short interest during the month of January. As of January 15th, there was short interest totaling 1,970,000 shares, a decline of 14.3% from the December 31st total of 2,300,000 shares. Based on an average daily trading volume, of 1,170,000 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.8% of the shares of the company are sold short.
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 16th 2024.
View our LMT earnings forecast
.

How were Lockheed Martin's earnings last quarter?

Lockheed Martin Co. (NYSE:LMT) released its quarterly earnings results on Tuesday, January, 23rd. The aerospace company reported $7.90 earnings per share for the quarter, beating the consensus estimate of $7.26 by $0.64. The aerospace company earned $18.87 billion during the quarter, compared to analysts' expectations of $17.96 billion. Lockheed Martin had a trailing twelve-month return on equity of 79.91% and a net margin of 10.24%. The firm's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the business posted $7.79 EPS.
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 Tuesday, January 23rd. Investors of record on Friday, March 1st will be given a dividend of $3.15 per share on Friday, March 29th. This represents a $12.60 annualized dividend and a dividend yield of 2.95%. The ex-dividend date is Thursday, February 29th.
Read our dividend analysis for LMT
.

Is Lockheed Martin a good dividend stock?

Lockheed Martin (NYSE:LMT) pays an annual dividend of $12.60 per share and currently has a dividend yield of 2.95%. The company has been increasing its dividend for 21 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 45.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LMT will have a dividend payout ratio of 43.93% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LMT.

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

Lockheed Martin issued an update on its FY 2024 earnings guidance on Tuesday, January, 23rd. The company provided EPS guidance of 25.650-26.350 for the period, compared to the consensus EPS estimate of 26.620. The company issued revenue guidance of $68.5 billion-$70.0 billion, compared to the consensus revenue estimate of $68.7 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).

Who are Lockheed Martin's major shareholders?

Lockheed Martin's stock is owned by many different retail and institutional investors. Top institutional investors include Charles Schwab Investment Management Inc. (2.33%), International Assets Investment Management LLC (0.55%), Dimensional Fund Advisors LP (0.43%), California Public Employees Retirement System (0.41%), Sumitomo Mitsui Trust Holdings Inc. (0.26%) and Bahl & Gaynor Inc. (0.25%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:LMT) was last updated on 2/8/2024 by MarketBeat.com Staff

My Account -