Lockheed Martin Stock Price Prediction 2024-2030: Is LMT a Buy?
Lockheed Martin stock is one of the profitable dividend stocks in the US that every passionate investor must add to the existing portfolio.
In this article you will know whether LMT stock is a good buy or sell now. You will also know about the next dividend payment, the largest investors in the stock, and many more. Just follow us to the end of this article.
What you should know about Lockheed Martin
The Lockheed Martin is an American aerospace and military support, security and defense technologies Manufacturer.
It was adjudged as the world’s largest defense service provider by revenue during 2014 fiscal year. It was formed in March 1995 by the merger of two companies; Lockheed Corporation and Martin Marietta, with headquarters in North Bethesda, Maryland, Washington, D.C.
Lockheed Martin Stock
In the same 1995 it went public with the NYSE under a ticker symbol ‘LMT’.
This was made possible because the merger created an entity with over $23 billion in revenue and market capitalization of more than $10 billion.
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In August 2024 Lockheed Martin market capitalization is $130.63billion with 238.36 million shares outstanding.
Lockheed Martin stock underwent total of 3 stock splits. The latest split occurred on January 4th, 1999.
One LMT share bought prior to September 9th, 1983 would equal to 9.78 LMT shares today. Today’s price of LMT is $551.58 per share which is about 20.7 LMT shares in the post merger IPO in 1995.
Is Lockheed Martin Stock Overvalued?
No. It is undervalued. A fundamental analysis of Lockheed Martin Corporation (NYSE:LMT) Suggests it is 30% Undervalued.
As of today August 10 2024 Lockheed Martin’s share price is $551.58. Lockheed Martin’s Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in June 2024 was $27.55.
Thus, Lockheed Martin’s PE Ratio is 20.02. Due to the increase in net income for the trailing twelve month period in second quarter 2024, Aerospace & Defense Industry’s current Price to earnings ratio is at 56.71. Therefore, since 20.02 is less than 56.71, LMT stock is currently undervalued.
Does LMT Stock Pay Dividend?
Yes, Lockheed Martin is a dividend stock. Lockheed Martin pays dividends every three months, which is 4 times in a year.
The next dividend payment is scheduled for September 27 2024. LMT has always jacked-up its dividends since the past 22 years.
The current dividend is $3.15 per share running through every quarter of 2024 with annual dividend yield of 2.36%, dividend growth5.51%, and the payout ratio 45.22%.
Is Lockheed Martin Stock a Buy or Sell?
Based on 14 Wall Street’s Analysts 12-month price targets, issued in the past 3 months, Lockheed Martin has a consensus rating of Buy which is based on 7 buy ratings, 6 hold ratings and 1 sell ratings. The average price target for Lockheed Martin Corp is $554.46.
Since valuing strategy lures investors, traders tend to buy the most undervalued shares at low prices now.
They believe the accurate value of the stock will be attained in the future and investors will jostle to buy the shares at a higher price.
Buying LMT will give you an opportunity to make money in two ways: Lockheed stock appreciation and dividend payment. Generally, the financial health and growth potential of LMT express its capacity to perform.
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Is LMT a Good Investment?
Yes, it’s a good investment to consider. Lockheed Martin surpassed the second quarters of 2024 expectations with EPS of $7.11 and revenues of $18.1 billion driven by rising defence demand.
Now that the defense bill has been signed into law, giving authority for $886 billion worth of spending this should be great news to Lockheed Martin.
This implies that the Lockheed Martin’s outlook for defense spending in 2024 is positive and more revenues are expected to flow in. The company has raised its 2024 forecasts, anticipating robust cash flow and good returns to shareholder.
How you can buy Lockheed Martin Stock: a 5-step approach
If you want to invest in LMT, here’s what you need to do to buy the stock.
Sign up for a brokerage account on Public
This is called a trading account which an investor must open with a brokerage that transacts in LMT stock. To do this requires your completion of online application form with your details such as your ID and address and then fund the account.
Add funds to your brokerage account
There are multiple ways to fund your Public account; from linking a bank account to making a deposit with a debit card or wire transfer. You need to deposit a sufficient amount of money in your brokerage account to facilitate your trading.
Choose how much you want to invest in LMT stock
Navigate to the Explore page. Then, type LMT into the search bar. When you see LMT stock appears in the results, tap it to open up the purchase screen.
The decision to buy LMT shares comes along with the amount of money you want to invest and the number of shares you want to buy.
Place an Order
Placing an order for LMT required a selection of your preferred number/volume of stock with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
Manage your investments
You can find your newly purchased LMT stock in your portfolio, alongside the rest of your stocks, ETFs, crypto, treasuries, and alternative assets. Track your investment to constantly evaluate its performance.
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Lockheed Martin Stock Price Prediction 2024-2030
LMT stock price today is $551.58. Moneystics Stock Forecast algorithm uses machine learning and in-depth learning technologies for Lockheed Martin stock predictioncovering 7 years.
Our model uses historical LMT stock price data, volume, financial statements, and market sentiment.
| Year | Average LMT Price | Year Open | Max. | Min. | Year Close | Annual % Change |
| 2024 | 514.06 | 454.30 | 591.36 | 384.51 | 573.82 | 26.30% |
| 2025 | 581.17 | 573.82 | 611.05 | 397.33 | 589.47 | 2.73% |
| 2026 | 599.50 | 589.47 | 638.18 | 412.77 | 609.52 | 3.40% |
| 2027 | 607.77 | 609.52 | 662.10 | 462.58 | 605.89 | -0.60% |
| 2028 | 632.65 | 605.89 | 686.72 | 544.60 | 659.41 | 8.83% |
| 2029 | 681.28 | 659.41 | 719.78 | 589.70 | 703.15 | 6.63% |
| 2030 | 726.59 | 703.15 | 741.56 | 593.94 | 750.02 | 6.70% |
What will be the price of Lockheed Martin stock in 2030?
From the table above, the price of LMT in 2030 is the closing price of $750.02 per share. In 2030 the LMT stock will reach an average price of $726.59.
This implies that your $1000 investment in LMT stock today (i.e. 1.8 unit of shares) will be $1,350.36 by the end of 2030 with only 36% capital appreciation within the period.
If you buy LMT worth $2000 today (3.6 units of shares), in 7 years time, that is, in 2030, you will have $2.700.10 as return on your investment. This represents a profit, though marginally.
Bottom Line
Lockheed Martin’s PE Ratio is 20.02. Due to the increase in net income for the trailing twelve month period in second quarter 2024, the Defense Industry’s current Price to earnings ratio is at 56.71.
This is a sign that LMT is currently undervalued.Since undervalued stock a value loaded, at least in theory, we expect investors to buy LMT now so as to gain from future appreciation of capital.
The current dividend is $3.15 per share makes LMT a lucrative investment. Don’t forget that undervalued securities come with some risks such as mispricing of securities.
