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 $499.34, down 1.37% from the previous day, and has increased 8.85% in one year. It has underperformed other stocks in the Aerospace & Defense industry by 0.19 percentage points. Lockheed Martin stock is currently +20.64% from its 52-week low of $413.92, and -19.32% from its 52-week high of $618.95.
At the moment, there are 237.04M LMT shares outstanding. The market value of LMT is $118.36B. In the last 24 hours, 1.25M 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.
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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.
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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 18.01x, relative to Aerospace & Defense industry P/E ratio of 34.4x
- LMT could be overvalued based on its P/B ratio of 16.44x, relative to Aerospace & Defense industry P/B ratio of 6.58x
- LMT could be overvalued based on its PEG ratio of 3.98x
You can access additional valuation research on LMT's stock here.
LMT Financial Health Overview
Pros:
- LMT's operating cash flow of $8.31B allows it to safely service it's debt of $19.32B.
- Total LMT debt is lower than 5 years ago, relative to shareholder equity.
- LMT earnings of $8.87B is not sufficient to cover its interest payments.
- There are more short-term assets than short-term liabilities on the LMT balance sheet.
Cons:
- LMT profit margin has gone down from 10.3% to 9.4% in the past year.
- LMT has a relatively high debt to equity ratio of 6.71.
- There are more long-term liabilities than short-term assets on the LMT balance sheet.
Is it a good time to buy Lockheed Martin stock, according to analysts?
Out of 12 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
David Strauss, a top 14% analyst from Barclays maintains LMT with a hold rating and lowers their LMT price target from $565.00 to $515.00, on Jan 6, 2025.
Scott Deuschle, a top 9% analyst from Deutsche Bank downgrades LMT to a hold rating and lowers their LMT price target from $611.00 to $523.00, on Jan 2, 2025.
Kenneth Herbert, a top 4% analyst from RBC Capital maintains LMT with a buy rating and lowers their LMT price target from $675.00 to $665.00, on Oct 23, 2024.
Cai Rumohr, a top 12% analyst from TD Cowen maintains LMT with a strong buy rating and raises their LMT price target from $560.00 to $610.00, on Oct 23, 2024.
TD Cowen's Cai Rumohr raised their price target on Lockheed Martin (NYSE: LMT) by 8.9% from $560 to $610 on 2024/10/23. The analyst maintained their Strong Buy rating on the stock.
Lockheed Martin reported its Q3 2024 earnings on 2024/10/22.
Rumohr called the quarter mixed, pointing to the EPS beat and management's medium-term guidance that missed accretive MSD expectations.
Nevertheless, the analyst told readers that TDCowen continues to "favor the stock for its bellwether status within the Defense sector and its foreign sales and short cycle leverage."
Earnings Report
For Q3 2024, Lockheed Martin reported:
- EPS of $6.84, which beat the Zacks Consensus Estimate of $6.47 and, by 1%, Q3 2023's $6.77.
- Revenue of $17.1B, which missed the Zacks Consensus Estimate by 1.05% but beat Q3 2023's $16.88B by 1.3%.
For FY 2024, management guided:
- EPS of ~$26.65, up from the prior $26.10 to $26.60.
- Revenue of ~$71.25B, compared to the prior $70.5B to $71.5B.
Chairman, President & CEO Jim Taiclet commented: "In Q3, we advanced our strategic, operational and financial priorities, as demonstrated by our record backlog of more than $165 billion, 48 F-35 deliveries, increased production on missile programs, and $2.1 billion of free cash flow generation.
"As a result of our strong year-to-date results and confidence in our near-term performance, we are raising the outlook for full-year 2024 sales, segment operating profit, EPS and free cash flow.
"Looking forward, we continue to make progress on the three key initiatives of our 21st Century Security® strategy of strengthening the resiliency and scalability of our production system, accelerating cutting-edge digital and physical technologies into all our mission solutions and our internal operations, and expanding international partnerships to broaden our production capacity and drive more international sales.
"We are making substantial investments in these areas while continuing to focus on our fundamental financial objective of driving free cash flow per share growth to generate returns for shareholders.
"Given our confidence in the company's ability to deliver on these objectives, our Board has also approved a five percent increase in our quarterly dividend, the 22nd consecutive year of increases."
Gavin Parsons, a top 33% analyst from UBS maintains LMT with a hold rating and raises their LMT price target from $589.00 to $603.00, on Oct 23, 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 $6.68B. During the last 5 year, LMT's earnings have gone up by 5.53% per year. This was faster than the Aerospace & Defense industry average of 5.2%.
Last year, LMT revenue was $71.30B. In the last five year, LMT's revenue has gone up by 4.09% per year. This was slower than the Aerospace & Defense industry average of 13.93%.
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.
Timothy S. Cahill, Pres. Missiles Fire Control of LMT, was the latest LMT insider to sell. They sold $10,260.60 worth of LMT stock on Dec 6, 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 1.92%, compared to the Aerospace & Defense industry's average dividend yield of 1.55%. If you owned $1,000 worth of LMT stock, you would have received $19.23 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?
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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.
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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.
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