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Lockheed Martin (LMT)

Headquartered in Bethesda, Maryland, Lockheed Martin Corporation is a global security and aerospace company that employs approximately 114,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

Company profile

Ticker
LMT
Exchange
CEO
James Taiclet
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Helicopter Support, Inc. • Lockheed Martin Aerospace Systems Integration, LLC • Lockheed Martin Australia Pty Limited • Lockheed Martin Canada Inc. • Lockheed Martin Global, Inc. • Lockheed Martin Investments Inc. • Lockheed Martin Overseas, LLC • Lockheed Martin UK Ampthill Limited • Lockheed Martin UK Limited • Sikorsky Aircraft Corporation ...
IRS number
521893632

LMT stock data

Analyst ratings and price targets

Last 3 months

Investment data

Data from SEC filings
4 long holdings
End of quarter 31 Mar 22
Value
 
#Shares
 
Prev Q
 
Change
%, QoQ
$90.86M 13.21M NEW
$46.61M 5.79M 5.79M 0
$46.32M 3.63M 3.63M 0
$368K 45.28K NEW
Holdings list only includes long positions. Only includes long positions.

Calendar

20 Apr 22
26 Jun 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.88B 1.88B 1.88B 1.88B 1.88B 1.88B
Cash burn (monthly) 573.67M 87.5M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 1.72B 262.45M n/a n/a n/a n/a
Cash remaining 162.33M 1.62B n/a n/a n/a n/a
Runway (months of cash) 0.3 18.5 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
20 May 22 Robert M Lightfoot JR Common Stock Payment of exercise Dispose F No No 424.15 386 163.72K 492
20 May 22 Robert M Lightfoot JR Common Stock Option exercise Acquire M No No 0 878 0 878
20 May 22 Robert M Lightfoot JR RSU Common Stock Option exercise Dispose M No No 0 878 0 0
21 Apr 22 John Donovan Common Stock Buy Acquire P No No 440.5459 568 250.23K 568
1 Apr 22 Ellis James O Jr Common Stock Sale back to company Dispose D No No 445.98 519.574 231.72K 200
1 Apr 22 Ellis James O Jr Common Stock Option exercise Acquire M No No 0 519.574 0 719.574
1 Apr 22 Ellis James O Jr Phantom Stock Units Common Stock Option exercise Dispose M Yes No 0 519.574 0 21,687.57
75.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 2112 2015 +4.8%
Opened positions 258 301 -14.3%
Closed positions 161 181 -11.0%
Increased positions 836 741 +12.8%
Reduced positions 740 750 -1.3%
13F shares Current Prev Q Change
Total value 88.06B 71.37B +23.4%
Total shares 199.48M 210.25M -5.1%
Total puts 6.73M 4.53M +48.6%
Total calls 7.62M 5.33M +43.0%
Total put/call ratio 0.9 0.8 +4.0%
Largest owners Shares Value Change
STT State Street 38.78M $17.12B -2.0%
Vanguard 22.58M $9.97B +8.3%
BLK Blackrock 17.8M $7.86B +1.4%
Capital World Investors 16.02M $7.07B +19.0%
Charles Schwab Investment Management 5.26M $2.32B +5.3%
Wellington Management 4.3M $1.9B -44.9%
FMR 4.26M $1.88B +135.0%
Geode Capital Management 4.19M $1.85B +0.4%
MS Morgan Stanley 4.04M $1.78B -0.1%
BAC Bank Of America 3.53M $1.56B -32.6%
Largest transactions Shares Bought/sold Change
Castleview Partners 26.66K -9.46M -99.7%
Wellington Management 4.3M -3.51M -44.9%
Capital World Investors 16.02M +2.56M +19.0%
FMR 4.26M +2.45M +135.0%
GQG Partners 1.73M +1.73M NEW
Vanguard 22.58M +1.73M +8.3%
BAC Bank Of America 3.53M -1.71M -32.6%
Massachusetts Financial Services 1.06M -1.41M -57.1%
BEN Franklin Resources 2.38M -1.21M -33.8%
Mizuho Markets Americas 824.63K +824.63K NEW

Financial report summary

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Risks
  • We depend heavily on contracts with the U.S. Government for a substantial portion of our business. Changes in the U.S. Government’s priorities, or delays or reductions in spending could have a material adverse effect on our business.
  • The F-35 program comprises a material portion of our revenue and reductions in funding for this program and risks related to the development, production, sustainment, performance, schedule, cost and requirements of the program could adversely affect our performance.
  • We are subject to procurement laws and regulations, including those that enable the U.S. Government to terminate contracts for convenience. Our business and reputation could be adversely affected if we or those we do business with fail to comply with these laws.
  • Evolving U.S. Government procurement policies, increased emphasis on cost over performance and rapid acquisition initiatives could adversely affect our business.
  • Our profitability and cash flow may vary based on the mix of our contracts and programs, our performance, and our ability to control costs.
  • We are routinely subject to audit by our customers on government contracts and the results of those audits could have an adverse effect on our business, reputation and results of operations.
  • Increased competition and bid protests in a budget-constrained environment may make it more difficult to maintain our financial performance and customer relationships.
  • We are the prime contractor on most of our contracts and if our subcontractors, suppliers or teaming agreement or joint venture partners fail to perform their obligations, our performance and ability to win future business could be harmed.
  • Our success depends, in part, on our ability to develop new technologies, products and services and efficiently produce and deliver existing products.
  • International sales may pose different economic, regulatory, competition and other risks.
  • Geopolitical issues and considerations could have a significant effect on our business.
  • U.S. Government sanctions on Turkey could adversely impact our results of operations and cash flows.
  • We may be unable to benefit fully from or adequately protect our intellectual property rights or use third-party intellectual property, which could negatively affect our business.
  • Our business and financial performance depends on our ability to identify, attract and retain a highly skilled workforce.
  • Our efforts to minimize the likelihood and impact of adverse cybersecurity incidents and to protect data and intellectual property may not be successful and our business could be negatively affected by cyber or other security threats or other disruptions.
  • If we fail to successfully complete or manage acquisitions, divestitures, equity investments and other transactions, including our proposed acquisition of Aerojet Rocketdyne, or if acquired entities or equity investments fail to perform as expected, our financial results, business and future prospects could be harmed.
  • Pension funding and costs are dependent on several economic assumptions which if changed may cause our future earnings and cash flow to fluctuate significantly as well as affect the affordability of our products and services.
  • Our estimates and projections may prove to be inaccurate and certain of our assets may be at risk of future impairment.
  • Changes in tax laws and regulations or exposure to additional tax liabilities could adversely affect our financial results.
  • Our business involves significant risks and uncertainties that may not be covered by indemnity or insurance.
  • There can be no assurance that we will continue to increase our dividend or to repurchase shares of our common stock.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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