Lockheed Martin (LMT)

• Market cap: $116B
• 1 day: 1.95%
• 5 days: -1.17%
• 1 month: -8.55%
• 3 months: -14.50%
• 6 months: 4.86%
• Year to date: 7.21%
• 1 year: 10.49%
• 5 years: 26.54%
• 10 years: 148.93%
• Sector: Industrials
• Industry: Guided Missiles & Space Vehicles & Parts

About: 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, mainly encompassing 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.

Employees: 122,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

131% more first-time investments, than exits

New positions opened: 287 | Existing positions closed: 124

60% more funds holding in top 10

Funds holding in top 10: 45 [Q2] → 72 (+27) [Q3]

28% more call options, than puts

Call options by funds: $2.55B | Put options by funds: $1.99B

21% more capital invested

Capital invested by funds: $84B [Q2] → $102B (+$18B) [Q3]

7% more funds holding

Funds holding: 2,391 [Q2] → 2,554 (+163) [Q3]

5% less repeat investments, than reductions

Existing positions increased: 929 | Existing positions reduced: 977

1.28% less ownership

Funds ownership: 75.04% [Q2] → 73.75% (-1.28%) [Q3]

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $543 11% upside
• Avg. target: $626 28% upside
• High target: $700 43% upside

9 analyst ratings

• positive: 6 67%
• neutral: 3 33%
• negative: 0 0%

Wells Fargo Matthew Akers 33% 1-year accuracy 15 / 46 met price target	11% upside $543	Equal-Weight Maintained	11 Dec 2024
Barclays David Strauss 54% 1-year accuracy 14 / 26 met price target	16% upside $565	Equal-Weight Maintained	29 Oct 2024
RBC Capital Ken Herbert 51% 1-year accuracy 35 / 69 met price target	36% upside $665	Outperform Maintained	23 Oct 2024
TD Cowen Cai von Rumohr 68% 1-year accuracy 17 / 25 met price target	25% upside $610	Buy Maintained	23 Oct 2024
UBS Gavin Parsons 50% 1-year accuracy 9 / 18 met price target	23% upside $603	Neutral Maintained	23 Oct 2024