How to Buy Lockheed Martin Stock
Lockheed Martin Corp
Lockheed Martin is a defense company located in Maryland, United States, which is part of the Industrials sector, and is traded under the ticker LMT on the NYSE exchange.
Lockheed Martin stock last closed at $466.20, up 0.29% from the previous day, and has increased 1.95% in one year. It has underperformed other stocks in the Aerospace & Defense industry by 0.14 percentage points. Lockheed Martin stock is currently +18.39% from its 52-week low of $393.77, and -2.77% from its 52-week high of $479.50.
At the moment, there are 239.94M LMT shares outstanding. The market value of LMT is $111.86B. In the last 24 hours, 676,879 LMT shares were traded.
How to Buy Lockheed Martin Stock
Not sure how to invest in Lockheed Martin stock? Here's how.
- Decide where to buy Lockheed Martin stock: You need to decide on a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you determine where to buy Lockheed Martin stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Choose your method of payment and add your details.
- Evaluate Lockheed Martin stock: The Lockheed Martin ticker symbol is LMT. Is Lockheed Martin stock a good investment? Should you buy shares of LMT? How do LMT's underlying business fundamentals look? Do top analysts think Lockheed Martin is a good buy? Why has LMT's stock price moved recently? (Hint: Our stock market research tools can help you figure out if LMT is a good stock to buy).
- Place your LMT purchase: Decide if you will purchase LMT shares at the current market price or use a limit order to purchase LMT stock at a particular price.
- Watch your LMT position: Create a watchlist to monitor your new investment in Lockheed Martin stock.
Step 1: Decide where to buy Lockheed Martin stock
You need an online brokerage account to access the NYSE market and buy LMT shares.
Our favorite brokerage: eToro
Based on our analysis, eToro is the best place to buy stocks. eToro gives you:
- You can invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
- Access to global financial markets: From Tech to Real Estate, New York to London — you can fill your portfolio with stocks from the world's top exchanges.
- Social investing: eToro has a community of more than 20 million users globally. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your stock purchase by signing up for an account with eToro today.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected your brokerage, you'll need to fill out some personal information so you are able to invest in LMT today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to create your new brokerage account.
- Send your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've created your account on our top ranked stock app, you need to deposit funds:
Watch this video walkthrough to see the process of transferring money into your new investment account.
Step 4: Evaluate Lockheed Martin stock
After you have decided on the best place to buy Lockheed Martin stock, it's absolutely critical to evaluate their stock prior to investing, so you truly comprehend the risk and upside.
Lockheed Martin quick stats
LMT Due Diligence Checks
WallStreetZen was created to help part-time investors perform more accurate fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on LMT's stock page.
What is the fair value of LMT stock?
Investors use many financial metrics, analyses, models, and charts to gauge LMT's intrinsic value.
Using relative valuations measures:
- LMT could be undervalued based on its P/E ratio of 17x, relative to Aerospace & Defense industry P/E ratio of 21.79x
- LMT could be overvalued based on its P/B ratio of 16.82x, relative to Aerospace & Defense industry P/B ratio of 5.62x
- LMT could be overvalued based on its PEG ratio of 3.71x
You can access additional valuation research on LMT's stock here.
LMT Financial Health Overview
Pros:
- LMT's operating cash flow of $7.99B allows it to safely service it's debt of $19.42B.
- Total LMT debt is lower than 5 years ago, relative to shareholder equity.
- LMT profit margin has gone up from 8.6% to 9.7% in the past year.
- There are more short-term assets than short-term liabilities on the LMT balance sheet.
- LMT earnings of $8.91B is not sufficient to cover its interest payments.
Cons:
- There are more long-term liabilities than short-term assets on the LMT balance sheet.
- LMT has a relatively high debt to equity ratio of 7.27.
Is it a good time to buy Lockheed Martin stock, according to analysts?
Out of 8 sell side analysts who give recommendations on LMT, the consensus analyst rating on Lockheed Martin is a Buy
Please note that analyst forecasts are not stock recommendations, nor are they financial advice.
Most Recent LMT Analyst Upgrades/Downgrades
Kristine Liwag, a top 11% analyst from Morgan Stanley maintains LMT with a hold rating and lowers their LMT price target from $513.00 to $503.00, on Jan 24, 2024.
Charles Minervino, a top 17% analyst from Susquehanna maintains LMT with a strong buy rating and lowers their LMT price target from $550.00 to $540.00, on Jan 24, 2024.
Kenneth Herbert, a top 4% analyst from RBC Capital maintains LMT with a hold rating and lowers their LMT price target from $475.00 to $470.00, on Jan 24, 2024.
You can dig deeper into what analysts are forecasting on the Lockheed Martin stock forecast page.
LMT Trading Indicators
LMT Growth Metrics
Last year, LMT earnings were $6.78B. During the last 5 year, LMT's earnings have gone up by 6.82% per year. This was faster than the Aerospace & Defense industry average of 0.99%.
Last year, LMT revenue was $69.64B. In the last five year, LMT's revenue has gone up by 4.28% per year. This was slower than the Aerospace & Defense industry average of 7.62%.
Dig into LMT's earnings and revenue performance here.
Who is buying/selling LMT?
Over the past year, insiders at LMT have sold more shares than they have bought.
James O. Ellis Jr., Director of LMT, was the latest LMT insider to sell. They sold $165,268.35 worth of LMT stock on Apr 1, 2024.
Get more info about who owns LMT stock here.
Can I rely on LMT as an income stream?
Lockheed Martin pays a dividend of 2.64%, compared to the Aerospace & Defense industry's average dividend yield of 1.54%. If you owned $1,000 worth of LMT stock, you would have received $26.38 in the past 12 months.
Lockheed Martin dividend payments have consistently grown over the past decade and have remained stable.
Find more data about Lockheed Martin dividend yield and history here.
What do other investors have to say about LMT?
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Place your LMT purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly the best for newer investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given price, use a limit order.
Hit the Open Trade button and your broker will place your order.
If you require additional help with buying stocks on eToro, click the how to video below:
Step 6: Watch your LMT position
Now that you own some LMT stock, you'll want to stay up-to-date on your new investment.
Put LMT on a watchlist to get notified of the latest news about your LMT stock.
LMT Feed
How to Buy Stock in Lockheed Martin
To reiterate, here are the 6 steps for buying Lockheed Martin stock:
- Decide where to buy Lockheed Martin stock
- Sign up for a brokerage account
- Fund your brokerage account
- Evaluate Lockheed Martin stock
- Place your LMT purchase
- Watch your LMT position
If you require a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep tabs on your investment in Lockheed Martin, create a watchlist on WallStreetZen today.
More Articles You Might Enjoy
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.