Lockheed Martin (LMT) Stock Forecast, Price & News

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lockheed Martin in the last twelve months. There are currently 2 sell ratings, 8 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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 equities research analysts have issued 12 month price targets for Lockheed Martin's stock. Their LMT share price forecasts range from $332.00 to $555.00. On average, they anticipate the company's stock price to reach $499.43 in the next year. This suggests a possible upside of 10.0% from the stock's current price.
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Lockheed Martin's stock was trading at $486.49 at the start of the year. Since then, LMT stock has decreased by 6.7% and is now trading at $454.05.
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Lockheed Martin saw a decline in short interest in June. As of June 30th, there was short interest totaling 1,740,000 shares, a decline of 9.8% from the June 15th total of 1,930,000 shares. Based on an average trading volume of 986,900 shares, the short-interest ratio is currently 1.8 days. Currently, 0.7% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 17th 2023.
View our LMT earnings forecast.

Lockheed Martin Co. (NYSE:LMT) issued its quarterly earnings results on Tuesday, July, 18th. The aerospace company reported $6.73 earnings per share for the quarter, topping analysts' consensus estimates of $6.45 by $0.28. The aerospace company had revenue of $16.69 billion for the quarter, compared to the consensus estimate of $15.92 billion. Lockheed Martin had a trailing twelve-month return on equity of 71.67% and a net margin of 10.48%. The business's revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the business earned $6.32 EPS.
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Lockheed Martin announced a quarterly dividend on Thursday, June 22nd. Stockholders of record on Friday, September 1st will be paid a dividend of $3.00 per share on Friday, September 22nd. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Thursday, August 31st.
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), Constrained Capital ESG Orphans ETF (ORFN), BrandywineGLOBALDynamic US Large Cap Value ETF (DVAL), SPDR S&P Aerospace & Defense ETF (XAR), SPDR S&P Kensho Final Frontiers ETF (ROKT) and TrueShares Low Volatility Equity Income ETF (DIVZ).

Lockheed Martin (NYSE:LMT) pays an annual dividend of $12.00 per share and currently has a dividend yield of 2.64%. 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 43.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LMT will have a dividend payout ratio of 42.57% 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 authorized a share buyback 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 buy up to 5.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's leadership believes its stock is undervalued.

Lockheed Martin updated its FY 2023 earnings guidance on Tuesday, July, 18th. The company provided earnings per share guidance of $27.00-$27.20 for the period, compared to the consensus earnings per share estimate of $27.15. The company issued revenue guidance of $66.25 billion-$66.75 billion, compared to the consensus revenue estimate of $65.84 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 number of retail and institutional investors. Top institutional investors include Capital World Investors (2.97%), Charles Schwab Investment Management Inc. (2.22%), Geode Capital Management LLC (1.77%), Capital Research Global Investors (1.26%), Northern Trust Corp (0.91%) and Bank of New York Mellon Corp (0.77%). 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 $454.05.

Lockheed Martin (NYSE:LMT) has a market capitalization of $114.34 billion and generates $65.98 billion in revenue each year. The aerospace company earns $5.73 billion in net income (profit) each year or $27.35 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.