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Valued at a market cap of $106.4 billion, Lockheed Martin Corporation (LMT) is a global aerospace, defense, and security leader, specializing in advanced technology systems. Headquartered in Bethesda, Maryland, the company operates through four key segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.
Companies worth $10 billion or more are typically considered “large-cap stocks,” and LMT fits this category comfortably, with a market cap well above this threshold. It is renowned for producing cutting-edge military aircraft, including the F-35 fighter jet, missile defense systems, naval combat solutions, and space exploration technologies. As a key U.S. defense contractor, Lockheed Martin benefits from substantial government contracts, technological innovation, and a strong global presence, positioning it as a dominant force in the defense industry.
Despite the strengths, LMT is down 27.5% from its 52-week high of $618.95, achieved on Oct. 21. Shares of this aerospace and defense giant have declined 13.3% over the past three months, compared to the Dow Jones Industrials Average’s ($DOWI) 5.5% fall during the same time frame.
Over the past six months, LMT has dropped 21.9%, lagging behind DOWI’s 3.8% returns. Shares of LMT are up 3.9% over the past 52 weeks, underperforming DOWI’s 9.1% gains over the same time frame.
To confirm its bearish trend, LMT has been trading below its 50-day moving average since late October and under its 200-day moving average since mid-December.
Despite the grim market action recently, LMT shares popped over 9% after posting its Q4 results on Jan. 28. It reported an EPS of $2.22, marking a 70.7% decline year-over-year. Revenue totaled $18.6 billion, missing Wall Street expectations of $18.9 billion. For the full year, the company projects adjusted EPS between $27 and $27.30, with revenue anticipated to range from $73.8 billion to $74.8 billion.
Despite lagging behind the broader market, LMT has still managed to outpace its rival, The Boeing Company (BA), which dipped 20.8% over the past 52 weeks.
Analysts are reasonably optimistic about its prospects. The stock has a consensus rating of “Moderate Buy” from the 22 analysts covering the stock, and the mean price target of $546.23 suggests a 21.7% premium to its current levels.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
