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LMT

LOCKHEED MARTIN CORPORATION

At today's price, LOCKHEED MARTIN CORPORATION (LMT) is priced for +0.3% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.

Live priced in
+0.3% growth
Priced In
within-range

Key Takeaways

• Lockheed Martin is the prime contractor on the F-35, the largest weapons program in history, and runs four segments spanning combat aircraft, missiles, helicopters, and space, with a backlog of $186.4 billion that gives multi-year revenue visibility [Source: Q1 FY2026 earnings release]. • The defining risk is fixed-price development contracts: the 10-K disclosed reach-forward losses of $1.4 billion on a classified missiles program and $555 million on a classified aeronautics program in a singl

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Institutional ownership

2,842 institutional managers reported holding LMT in 13F filings for the quarter ended 2026-03-31. Together they hold about 75% of the company; the top 10 hold 43%. 302 opened new positions that quarter. Held by State Street, Vanguard Group, BlackRock, among others. On the short side, 3.2M shares were sold short as of the 2026-06-15 count, about 1% of shares outstanding (3.1 days of typical volume to cover).

Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.

Capital returns

LMT has cut its share count 17.1% over the past five years, spending $23.19B on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting), raised 16 years straight; the current rate is $13.35 a share annually. Cash returned over the past three years: $8.52B in dividends and $11.45B in repurchases.

Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.

Insider activity

Open-market insider buys at LMT over the trailing three years: 2023: 2 buys totaling $250k. 13 officers and directors are on file.

Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.

Earnings reactions

LMT's recent reports: the day-one move, then what the following quarter actually did.

reportday onenext quarter
2023-07-20-3.9%-8.4%
2023-10-18+1.3%-0.8%
2024-01-24-5.9%+5.8%
2024-04-24-0.5%+1.7%

Day-one is the close-to-close move around the filing. Nothing here is investment advice.

Recent filings

LMT's latest 8-K filings: 2026-05-13 (items 5.07); 2026-04-23 (items 2.02, 9.01); 2026-01-29 (items 2.02, 9.01); 2025-12-18 (items 8.01); 2025-12-09 (items 1.01, 9.01).

Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.

Compare LMT

BA vs LMTEMBJ vs LMTGD vs LMTGRMN vs LMTHEI vs LMTHON vs LMT

Last analyzed: June 27, 2026

For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.