Lockheed Martin (LMT)
Industrials · NYSE · US
Price as at 11 Aug 2026, 19:52 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Lockheed Martin trades at $597.60, which is 65% above the $209.29 our fair value estimate puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 38 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 25.3 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
LMT dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $3.45 | 1 |
| 2018 | $4.00 | 2 |
| 2017 | $7.46 | 4 |
| 2016 | $6.77 | 4 |
| 2015 | $6.15 | 4 |
| 2014 | $5.49 | 4 |
| 2013 | $4.78 | 4 |
| 2012 | $4.15 | 4 |
| 2011 | $3.25 | 4 |
| 2010 | $2.64 | 4 |
| 2009 | $2.34 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
LMT earnings and analyst estimates
Recommendation mix, 21 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Lockheed Martin
Lockheed Martin Corporation, an aerospace and defense company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services in the United States, Europe, Asia, the Middle East, and internationally. The company operates through four segments: Aeronautics; Missiles and Fire Control (MFC); Rotary and Mission Systems (RMS); and Space. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies. The MFC segment provides air and missile defense systems; tactical missiles and precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support, and integration services; and ground vehicles. The RMS segment offers military and commercial helicopters, surface ships, sea- and land-based missile defense systems, radar and laser systems, sea- and air-based mission and combat systems, command and control mission solutions, cyber solutions, simulation and training solutions, and services and support for surface ships. The Space segment provides satellites; space transportation systems; strategic, advanced strike, and defensive systems; and classified systems and services in support of national security systems. This segment also provides network-enabled situational awareness; and integrates space and ground global systems to help its customers gather, analyze, and securely distribute critical intelligence data. It primarily serves the U.S. government and international customers, as well as foreign military sales contracted through the U.S. government. The company was formerly known as The Lockheed Corporation and changed its name to Lockheed Martin Corporation in March 1995. Lockheed Martin Corporation was founded in 1912 and is based in Bethesda, Maryland.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
LMT passes 2 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
24 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Lewis Sanders, Sanders Capital, LLC$1.07B · 1.1% of book
- Two Sigma, TWO SIGMA INVESTMENTS, LP$799.77M · 0.6% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$701.49M · 0.2% of book
- Capital Research Global, Capital Research Global Investors$630.99M · 0.1% of book
- Ken Griffin, CITADEL ADVISORS LLC$342.07M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Common questions
Is Lockheed Martin (LMT) undervalued?
Against our fair value estimate of $209.29, LMT at $597.60 is 65% above fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own LMT?
24 of the institutions we track reported a position in LMT in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is LMT's P/E ratio?
LMT trades at 25.3 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Lockheed Martin (LMT) pay a dividend?
Yes. Lockheed Martin yields 2.66% at the current share price. It has paid $3.45 per share over the trailing twelve months. It has paid a dividend in each of the last 35 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its LMT data?
Fundamentals for LMT come from company filings and exchange data, as listed on NYSE; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 11 Aug 2026, 19:52 UTC and is delayed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for LMT, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.