Should I buy or sell Lockheed Martin stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lockheed Martin in the last year. There are currently 7 hold ratings and 4 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?

11 equities research analysts have issued twelve-month price objectives for Lockheed Martin's shares. Their LMT share price targets range from $440.00 to $550.00. On average, they predict the company's stock price to reach $493.36 in the next twelve months. This suggests a possible upside of 8.8% 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 2024?

Lockheed Martin's stock was trading at $453.24 at the beginning of the year. Since then, LMT stock has increased by 0.0% and is now trading at $453.34. View the best growth stocks for 2024 here .

Are investors shorting Lockheed Martin?

Lockheed Martin saw a increase in short interest in March. As of March 15th, there was short interest totaling 2,480,000 shares, an increase of 42.5% from the February 29th total of 1,740,000 shares. Based on an average daily volume of 1,130,000 shares, the short-interest ratio is presently 2.2 days. Approximately 1.0% 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 23rd 2024. View our LMT earnings forecast .

How can I listen to Lockheed Martin's earnings call?

Lockheed Martin will be holding an earnings conference call on Tuesday, April 23rd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link .

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 (EPS) for the quarter, beating analysts' consensus estimates 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 company's revenue was down .6% on a year-over-year basis. During the same period last year, the company earned $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 declared a quarterly dividend on Tuesday, January 23rd. Investors of record on Friday, March 1st will be paid a dividend of $3.15 per share on Friday, March 29th. This represents a $12.60 dividend on an annualized basis and a yield of 2.78%. 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 2.80%. 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 44.65% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for LMT .

What ETFs hold Lockheed Martin's stock?

ETFs with the largest weight of Lockheed Martin (NYSE:LMT) stock in their portfolio include iShares U.S. Aerospace & Defense ETF (ITA) , Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) , VictoryShares Protect America ETF (SHLD) , First Trust Indxx Aerospace & Defense ETF (MISL) , Invesco Aerospace & Defense ETF (PPA) , Constrained Capital ESG Orphans ETF (ORFN) , BrandywineGLOBALDynamic US Large Cap Value ETF (DVAL) and SPDR S&P Kensho Final Frontiers ETF (ROKT) .

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 earnings per share (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 a variety of retail and institutional investors. Top institutional shareholders include Confluence Investment Management LLC (0.14%), Global Assets Advisory LLC (0.07%), Welch Group LLC (0.05%), Los Angeles Capital Management LLC (0.03%), Park National Corp OH (0.03%) and CWM LLC (0.03%). 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 .

NYSE:LMT

Lockheed Martin (LMT) Stock Price, News & Analysis

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$453.34

+2.94 (+0.65%)

(As of 04/15/2024 ET)

Compare

Today's Range: $451.63
▼
$459.35
50-Day Range: $418.02
▼
$456.93
52-Week Range: $393.77
▼
$508.10

Volume: 2.44 million shs
Average Volume: 910,458 shs
Market Capitalization: $109.02 billion

P/E Ratio: 16.46
Dividend Yield: 2.78%
Price Target: $493.36

Get Lockheed Martin alerts:

Lockheed Martin MarketRank™ Stock Analysis

Analyst Rating: Hold
2.36 Rating Score
Upside/Downside: 8.8% Upside
$493.36 Price Target
Short Interest: Healthy
0.90% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -2.46
Upright™ Environmental Score
News Sentiment: 0.63
Based on 29 Articles This Week
Insider Trading: Selling Shares
$7.25 M Sold Last Quarter
Proj. Earnings Growth: 8.00%
From $26.13 to $28.22 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.

4.55 out of 5 stars

Aerospace Sector

1st out of 41 stocks

Guided Missiles & Space Vehicles & Parts Industry

1st out of 6 stocks

2.2

Analyst's Opinion

Consensus Rating
Lockheed Martin has received a consensus rating of Hold. The company's average rating score is 2.36, and is based on 4 buy ratings, 7 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Lockheed Martin has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
0.90% of the float of Lockheed Martin has been sold short.
Short Interest Ratio / Days to Cover
Lockheed Martin has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Lockheed Martin has recently decreased by 12.10%, indicating that investor sentiment is improving significantly.

4.2

Dividend Strength

Dividend Yield
Lockheed Martin pays a meaningful dividend of 2.80%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Lockheed Martin has been increasing its dividend for 21 years.
Dividend Coverage
The dividend payout ratio of Lockheed Martin is 45.74%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Lockheed Martin will have a dividend payout ratio of 44.65% next year. This indicates that Lockheed Martin will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Lockheed Martin has received a -247.72% net impact score from Upright. The largest negative impact of Lockheed Martin in category "Societal stability & understanding among people" seems to be driven mostly by its "Military aircraft repair", "Weapon target aqcuisition and observation systems", "Unmanned aerial vehicle launch platforms", "Mortar systems", and "Naval ship repair" products. See details.
Environmental Sustainability
The Environmental Impact score for Lockheed Martin is -2.46.

3.1

News and Social Media Coverage

News Sentiment
Lockheed Martin has a news sentiment score of 0.63. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Aerospace companies.
News Coverage This Week
MarketBeat has tracked 29 news articles for Lockheed Martin this week, compared to 15 articles on an average week.
Search Interest
90 people have searched for LMT on MarketBeat in the last 30 days. This is an increase of 23% compared to the previous 30 days.
MarketBeat Follows
59 people have added Lockheed Martin to their MarketBeat watchlist in the last 30 days. This is an increase of 9% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Lockheed Martin insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,249,946.00 in company stock.
Percentage Held by Insiders
Only 0.17% of the stock of Lockheed Martin is held by insiders.
Percentage Held by Institutions
74.19% of the stock of Lockheed Martin is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Lockheed Martin are expected to grow by 8.00% in the coming year, from $26.13 to $28.22 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Lockheed Martin is 16.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 146.28.
Price to Earnings Ratio vs. Sector
The P/E ratio of Lockheed Martin is 16.46, which means that it is trading at a less expensive P/E ratio than the Aerospace sector average P/E ratio of about 23.09.
Price to Earnings Growth Ratio
Lockheed Martin has a PEG Ratio of 4.11. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Lockheed Martin has a P/B Ratio of 16.03. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

LMT Stock News Headlines

March 17, 2024 | insidertrades.com

Insider Selling: Lockheed Martin Co. (NYSE:LMT) SVP Sells 4,022 Shares of Stock

April 16, 2024 | benzinga.com

Lockheed Martin Wins $17B Contract To Shield US From North Korea, Iran Missile Threats

April 16, 2024 | InvestorPlace (Ad)

“Forget Tesla, this is Elon’s Next Big Thing”

According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.

April 16, 2024 | americanbankingnews.com

Lockheed Martin (NYSE:LMT) Upgraded to "Overweight" at JPMorgan Chase & Co.

April 15, 2024 | prnewswire.com

U.S. Missile Defense Agency selects Lockheed Martin to provide its Next Generation Interceptor

April 15, 2024 | finance.yahoo.com

Lockheed wins US missile defense contract worth $17 billion

April 15, 2024 | reuters.com

Exclusive: Lockheed wins US missile defense contract worth $17 bln, sources say

April 15, 2024 | finance.yahoo.com

Defense Stocks Are Back in the Spotlight. This One Might Be an Opportunity.

April 16, 2024 | InvestorPlace (Ad)

“Forget Tesla, this is Elon’s Next Big Thing”

According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.

April 15, 2024 | barrons.com

Defense Stocks Haven't Rallied, but There's Opportunity

April 15, 2024 | investorplace.com

3 Resilient Stocks to Snatch Up During Market Dips

April 15, 2024 | americanbankingnews.com

Lockheed Martin (LMT) Set to Announce Quarterly Earnings on Tuesday

April 13, 2024 | msn.com

Lockheed Martin (NYSE:LMT) Scores Mega Defense Contract

April 12, 2024 | msn.com

What's Going On With Lockheed Martin Shares After Scoring $4B Defense Order?

April 12, 2024 | investopedia.com

Lockheed Martin on Radar After Winning $4.1B Missile Defense Agency Contract

April 11, 2024 | msn.com

Lockheed Martin wins $4.1B U.S. government missile contract

April 11, 2024 | ca.finance.yahoo.com

Lockheed wins $4.1 billion battle command system contract from US govt

April 11, 2024 | reuters.com

Lockheed wins $4.1 bln battle command system contract from US govt

April 11, 2024 | marketwatch.com

Lockheed Martin Gets Missile Contract Worth Up to $4.1B

April 10, 2024 | finance.yahoo.com

Lockheed Partners with Intel to Make Microelectronics for Navy's MH-60R Helicopter in U.S.

April 10, 2024 | finance.yahoo.com

20 Most Powerful Countries Ruling the World in 2050

April 9, 2024 | finance.yahoo.com

UPDATE 1-US reconnaissance satellite launched in final flight of Delta rocket family

April 9, 2024 | investors.com

Defense Stocks: Navy Confab Reveals Delays Across Industry; RTX, GD, LMT Slip

April 9, 2024 | americanbankingnews.com

Lockheed Martin Co. (NYSE:LMT) Receives Average Rating of "Hold" from Analysts

April 8, 2024 | finance.yahoo.com

An Intrinsic Calculation For Lockheed Martin Corporation (NYSE:LMT) Suggests It's 30% Undervalued

April 5, 2024 | msn.com

Commuter brandishes knife to ward off rowdy pro-Palestinian protesters blocking him from entering Lockheed Martin facility

April 3, 2024 | prnewswire.com

Lunar Dawn Team Awarded NASA Lunar Terrain Vehicle Contract

See More Headlines

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Company Calendar

Last Earnings: 1/23/2024
Ex-Dividend for 3/29 Dividend: 2/29/2024
Dividend Payable: 3/29/2024
Today: 4/15/2024
Next Earnings (Confirmed): 4/23/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Aerospace
Industry: Guided missiles & space vehicles & parts
Sub-Industry: Aerospace & Defense
Current Symbol: NYSE:LMT
CUSIP: 53983010
CIK: 936468
Web: www.lockheedmartin.com
Phone: (301) 897-6000
Fax: 301-897-6919
Employees: 122,000
Year Founded: 1995

Price Target and Rating

Average Stock Price Target: $493.36
High Stock Price Target: $550.00
Low Stock Price Target: $440.00
Potential Upside/Downside: +8.1%
Consensus Rating: Hold
Rating Score (0-4): 2.27
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): $27.55
Trailing P/E Ratio: 16.46
Forward P/E Ratio: 17.35
P/E Growth: 4.11
Net Income: $6.92 billion
Net Margins: 10.24%
Pretax Margin: 11.98%
Return on Equity: 79.91%
Return on Assets: 12.67%

Debt

Debt-to-Equity Ratio: 2.53
Current Ratio: 1.21
Quick Ratio: 1.03

Sales & Book Value

Annual Sales: $67.57 billion
Price / Sales: 1.61
Cash Flow: $35.06 per share
Price / Cash Flow: 12.93
Book Value: $28.28 per share
Price / Book: 16.03

Miscellaneous

Outstanding Shares: 240,495,000
Free Float: 240,158,000
Market Cap: $109.03 billion
Optionable: Optionable
Beta: 0.48

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Key Executives

Mr. James D. Taiclet Jr. (Age 63)
Chairman, President & CEO
Comp: $9.81M
Mr. Jesus Malave Jr. (Age 55)
Chief Financial Officer
Comp: $2.59M
Mr. Frank A. St. John (Age 57)
Chief Operating Officer
Comp: $4.47M
Mr. Gregory M. Ulmer (Age 59)
President of Aeronautics
Comp: $3.37M
Mr. Timothy S. Cahill (Age 58)
President of Missiles & Fire Control
Comp: $3.5M
Mr. H. Edward Paul III (Age 48)
Chief Accounting Officer, VP & Controller
Mr. Rodney A. Makoske
Chief Engineer and Senior VP of Engineering & Technology
Ms. Yvonne O. Hodge
Senior VP of Enterprise Business & Digital Transformation and CIO
Ms. Maria A. Ricciardone Lee (Age 48)
VP of Investor Relations & Treasurer
Ms. Maryanne R. Lavan (Age 65)
Senior VP, General Counsel & Corporate Secretary
Comp: $3.21M

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

Should I Buy Lockheed Martin Stock? LMT Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Lockheed Martin Co.:

Lockheed Martin's consistent involvement in research, design, and development of cutting-edge technology systems and products keeps them at the forefront of innovation in the aerospace industry.
With a strong presence in various segments like Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space, Lockheed Martin has diversified revenue streams that can help mitigate risks.
Recent acquisitions and stake purchases by institutional investors indicate confidence in the company's growth potential, which could positively impact stock performance.
Lockheed Martin's strategic partnerships and contracts with government agencies provide a stable revenue source and long-term growth opportunities.
The current stock price of Lockheed Martin reflects a potential value opportunity for investors looking to enter the aerospace sector with a reputable company.

Cons

Investors should be bearish about investing in Lockheed Martin Co. for these reasons:

Analysts have recently lowered price targets and ratings on Lockheed Martin, indicating potential challenges or uncertainties in the company's future performance.
Market volatility and geopolitical factors can impact defense and aerospace companies like Lockheed Martin, leading to fluctuations in stock prices.
Competition in the aerospace industry is intense, with other major players constantly innovating and vying for market share, which could affect Lockheed Martin's growth prospects.
Government budget cuts or changes in defense spending policies could influence Lockheed Martin's revenue and profitability, posing risks to investors.
Investors should closely monitor global economic conditions and geopolitical events that may impact defense contracts and spending, affecting Lockheed Martin's financial performance.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Lockheed Martin pros and cons to contact@marketbeat.com.

LMT Stock Analysis - Frequently Asked Questions

Should I buy or sell Lockheed Martin stock right now?: 11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lockheed Martin in the last year. There are currently 7 hold ratings and 4 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?: 11 equities research analysts have issued twelve-month price objectives for Lockheed Martin's shares. Their LMT share price targets range from $440.00 to $550.00. On average, they predict the company's stock price to reach $493.36 in the next twelve months. This suggests a possible upside of 8.8% 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 2024?: Lockheed Martin's stock was trading at $453.24 at the beginning of the year. Since then, LMT stock has increased by 0.0% and is now trading at $453.34.
View the best growth stocks for 2024 here.
Are investors shorting Lockheed Martin?: Lockheed Martin saw a increase in short interest in March. As of March 15th, there was short interest totaling 2,480,000 shares, an increase of 42.5% from the February 29th total of 1,740,000 shares. Based on an average daily volume of 1,130,000 shares, the short-interest ratio is presently 2.2 days. Approximately 1.0% 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 23rd 2024.
View our LMT earnings forecast.
How can I listen to Lockheed Martin's earnings call?: Lockheed Martin will be holding an earnings conference call on Tuesday, April 23rd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.
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 (EPS) for the quarter, beating analysts' consensus estimates 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 company's revenue was down .6% on a year-over-year basis. During the same period last year, the company earned $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 declared a quarterly dividend on Tuesday, January 23rd. Investors of record on Friday, March 1st will be paid a dividend of $3.15 per share on Friday, March 29th. This represents a $12.60 dividend on an annualized basis and a yield of 2.78%. 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 2.80%. 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 44.65% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LMT.
What ETFs hold Lockheed Martin's stock?: ETFs with the largest weight of Lockheed Martin (NYSE:LMT) stock in their portfolio include iShares U.S. Aerospace & Defense ETF (ITA), Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN), VictoryShares Protect America ETF (SHLD), First Trust Indxx Aerospace & Defense ETF (MISL), Invesco Aerospace & Defense ETF (PPA), Constrained Capital ESG Orphans ETF (ORFN), BrandywineGLOBALDynamic US Large Cap Value ETF (DVAL) and SPDR S&P Kensho Final Frontiers ETF (ROKT).
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 earnings per share (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 a variety of retail and institutional investors. Top institutional shareholders include Confluence Investment Management LLC (0.14%), Global Assets Advisory LLC (0.07%), Welch Group LLC (0.05%), Los Angeles Capital Management LLC (0.03%), Park National Corp OH (0.03%) and CWM LLC (0.03%). 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 4/16/2024 by MarketBeat.com Staff

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Lockheed Martin (LMT) Stock Price, News & Analysis

Lockheed Martin MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Lockheed Martin Stock (NYSE:LMT)

LMT Stock Price History

LMT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

Should I Buy Lockheed Martin Stock? LMT Pros and Cons Explained

Pros

Cons

LMT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™