LMT Stock Summary and Trading Ideas (Lockheed Martin | NYSE:LMT)

Lockheed Martin is the world's largest defense contractor and has dominated the Western market for high-end fighter aircraft since it won the F-35 Joint Strike Fighter program in 2001. Lockheed's largest segment is aeronautics, which derives upward of two-thirds of its revenue from the F-35. Lockheed's remaining segments are rotary and mission systems, which is mainly the Sikorsky helicopter business; missiles and fire control, which creates missiles and missile defense systems; and space systems, which produces satellites and receives equity income from the United Launch Alliance joint venture.

Lockheed Martin trades on the NYSE stock market under the symbol LMT.

As of April 23, 2024, LMT stock price declined to $460.08 with 1,696,235 million shares trading.

LMT has a beta of 0.18, meaning it tends to be less sensitive to market movements. LMT has a correlation of 0.02 to the broad based SPY ETF.

LMT has a market cap of $111.18 billion. This is considered a Large Cap stock.

Last quarter Lockheed Martin reported $19 billion in Revenue and $7.90 earnings per share. This beat revenue expectation by $904 million and exceeded earnings estimates by $.64.

In the last 3 years, LMT stock traded as high as $508.10 and as low as $324.23.

The top ETF exchange traded funds that LMT belongs to (by Net Assets): VTI, VOO, SCHD, SPY, IVV.

LMT stock has underperformed the market in the last year with a return of -2.1%, while SPY returned +24.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in LMT shares. However, LMT has outperformed the market in the last 3 month and 2 week periods, returning +5.4% and +2.8%, while SPY returned +4.6% and -2.6%, respectively. This indicates LMT has been having a stronger performance recently.

LMT support price is $456.49 and resistance is $466.18 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LMT stock will trade within this expected range on the day.