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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 0.48
LMT's Cash to Debt is ranked higher than
77% of the 316 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.51 vs. LMT: 0.48 )
LMT' s 10-Year Cash to Debt Range
Min: 0   Max: 0.78
Current: 0.48

0
0.78
Equity to Asset 0.12
LMT's Equity to Asset is ranked higher than
57% of the 315 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.37 vs. LMT: 0.12 )
LMT' s 10-Year Equity to Asset Range
Min: 0   Max: 0.38
Current: 0.12

0
0.38
Interest Coverage 11.96
LMT's Interest Coverage is ranked higher than
77% of the 212 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 12.95 vs. LMT: 11.96 )
LMT' s 10-Year Interest Coverage Range
Min: 1.81   Max: 14.18
Current: 11.96

1.81
14.18
F-Score: 6
Z-Score: 3.40
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 10.69
LMT's Operating margin (%) is ranked higher than
89% of the 319 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 7.53 vs. LMT: 10.69 )
LMT' s 10-Year Operating margin (%) Range
Min: 5.88   Max: 11.06
Current: 10.69

5.88
11.06
Net-margin (%) 7.17
LMT's Net-margin (%) is ranked higher than
86% of the 319 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 5.79 vs. LMT: 7.17 )
LMT' s 10-Year Net-margin (%) Range
Min: -4.36   Max: 7.78
Current: 7.17

-4.36
7.78
ROE (%) 80.40
LMT's ROE (%) is ranked higher than
100% of the 306 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 12.79 vs. LMT: 80.40 )
LMT' s 10-Year ROE (%) Range
Min: -15.38   Max: 527.88
Current: 80.4

-15.38
527.88
ROA (%) 8.59
LMT's ROA (%) is ranked higher than
94% of the 319 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 4.60 vs. LMT: 8.59 )
LMT' s 10-Year ROA (%) Range
Min: -3.6   Max: 10.61
Current: 8.59

-3.6
10.61
ROC (Joel Greenblatt) (%) 103.32
LMT's ROC (Joel Greenblatt) (%) is ranked higher than
98% of the 318 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 22.79 vs. LMT: 103.32 )
LMT' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 30.02   Max: 103.86
Current: 103.32

30.02
103.86
Revenue Growth (3Y)(%) 3.90
LMT's Revenue Growth (3Y)(%) is ranked higher than
75% of the 300 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 5.80 vs. LMT: 3.90 )
LMT' s 10-Year Revenue Growth (3Y)(%) Range
Min: -7   Max: 12.7
Current: 3.9

-7
12.7
EBITDA Growth (3Y)(%) 6.20
LMT's EBITDA Growth (3Y)(%) is ranked higher than
80% of the 270 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 6.40 vs. LMT: 6.20 )
LMT' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -25.5   Max: 29.6
Current: 6.2

-25.5
29.6
EPS Growth (3Y)(%) 8.40
LMT's EPS Growth (3Y)(%) is ranked higher than
83% of the 245 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 7.50 vs. LMT: 8.40 )
LMT' s 10-Year EPS Growth (3Y)(%) Range
Min: -66.4   Max: 204.7
Current: 8.4

-66.4
204.7
» LMT's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q4 2013

LMT Guru Trades in Q4 2013

Steven Cohen 217,936 sh (+3903.23%)
Jeremy Grantham 57,099 sh (+58.74%)
Ruane Cunniff 2,750 sh (+7.84%)
Paul Tudor Jones 4,500 sh (+7.14%)
Ken Fisher 4,043 sh (+0.37%)
Tweedy Browne 210,922 sh (unchged)
Larry Robbins 1,200,000 sh (unchged)
Jim Simons Sold Out
Brian Rogers Sold Out
John Rogers 62,840 sh (-0.05%)
Joel Greenblatt 52,578 sh (-3.8%)
HOTCHKIS & WILEY 1,624,208 sh (-6.94%)
RS Investment Management 216,590 sh (-25.6%)
Mario Gabelli 5,473 sh (-27.98%)
Chris Davis 2,390 sh (-29.06%)
Jean-Marie Eveillard 3,400,975 sh (-29.14%)
Manning & Napier Advisors, Inc 17,237 sh (-29.16%)
» More
Q1 2014

LMT Guru Trades in Q1 2014

Ray Dalio 21,437 sh (New)
Louis Moore Bacon 2,704 sh (New)
Joel Greenblatt 73,740 sh (+40.25%)
Manning & Napier Advisors, Inc 17,608 sh (+2.15%)
Ruane Cunniff 2,750 sh (unchged)
Tweedy Browne 210,922 sh (unchged)
Chris Davis Sold Out
Mario Gabelli 5,373 sh (-1.83%)
John Rogers 56,990 sh (-9.31%)
Ken Fisher 3,584 sh (-11.35%)
Jean-Marie Eveillard 2,729,711 sh (-19.74%)
Paul Tudor Jones 3,400 sh (-24.44%)
HOTCHKIS & WILEY 732,790 sh (-54.88%)
RS Investment Management 97,100 sh (-55.17%)
Jeremy Grantham 16,340 sh (-71.38%)
Steven Cohen 1,353 sh (-99.38%)
» More
Q2 2014

LMT Guru Trades in Q2 2014

Jim Simons 89,300 sh (New)
Joel Greenblatt 270,458 sh (+266.77%)
Manning & Napier Advisors, Inc 29,761 sh (+69.02%)
Ray Dalio 22,437 sh (+4.66%)
Ken Fisher 3,690 sh (+2.96%)
Paul Tudor Jones 3,426 sh (+0.76%)
RS Investment Management 97,610 sh (+0.53%)
Jean-Marie Eveillard 2,743,347 sh (+0.5%)
Ruane Cunniff 2,750 sh (unchged)
Tweedy Browne 210,922 sh (unchged)
Louis Moore Bacon 2,704 sh (unchged)
John Rogers 56,985 sh (-0.01%)
HOTCHKIS & WILEY 602,362 sh (-17.8%)
Mario Gabelli 3,673 sh (-31.64%)
Jeremy Grantham 10,344 sh (-36.7%)
» More
Q3 2014

LMT Guru Trades in Q3 2014

Caxton Associates 30,000 sh (New)
Manning & Napier Advisors, Inc 35,829 sh (+20.39%)
Ken Fisher 3,792 sh (+2.76%)
Jean-Marie Eveillard 2,752,420 sh (+0.33%)
RS Investment Management 97,610 sh (unchged)
Caxton Associates 75,000 sh (unchged)
Ruane Cunniff 2,750 sh (unchged)
Ray Dalio Sold Out
Paul Tudor Jones Sold Out
Jim Simons Sold Out
HOTCHKIS & WILEY Sold Out
Louis Moore Bacon Sold Out
Jeremy Grantham Sold Out
John Rogers 54,060 sh (-5.13%)
Mario Gabelli 2,973 sh (-19.06%)
Tweedy Browne 156,052 sh (-26.01%)
Joel Greenblatt 47,768 sh (-82.34%)
» More
» Details

Insider Trades

Latest Guru Trades with LMT

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2014-09-30 Reduce -82.34%0.44%$157.21 - $181.58 $ 196.4515%47768
HOTCHKIS & WILEY 2014-09-30 Sold Out 0.34%$157.21 - $181.58 $ 196.4515%0
Tweedy Browne 2014-09-30 Reduce -26.01%0.19%$157.21 - $181.58 $ 196.4515%156052
Ray Dalio 2014-09-30 Sold Out 0.03%$157.21 - $181.58 $ 196.4515%0
Joel Greenblatt 2014-06-30 Add 266.77%0.39%$153.82 - $168.08 $ 196.4521%270458
Mario Gabelli 2014-06-30 Reduce -31.64%$153.82 - $168.08 $ 196.4521%3673
HOTCHKIS & WILEY 2014-03-31 Reduce -54.88%0.55%$146.07 - $166.84 $ 196.4525%732790
Jean-Marie Eveillard 2014-03-31 Reduce -19.74%0.28%$146.07 - $166.84 $ 196.4525%2729711
Joel Greenblatt 2014-03-31 Add 40.25%0.05%$146.07 - $166.84 $ 196.4525%73740
Ray Dalio 2014-03-31 New Buy0.03%$146.07 - $166.84 $ 196.4525%21437
Chris Davis 2014-03-31 Sold Out $146.07 - $166.84 $ 196.4525%0
Jean-Marie Eveillard 2013-12-31 Reduce -29.14%0.52%$122.03 - $148.84 $ 196.4545%3400975
Brian Rogers 2013-12-31 Sold Out 0.41%$122.03 - $148.84 $ 196.4545%0
Chris Davis 2013-12-31 Reduce -29.06%$122.03 - $148.84 $ 196.4545%2390
Mario Gabelli 2013-12-31 Reduce -27.98%$122.03 - $148.84 $ 196.4545%5473
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
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Guru Investment Theses on Lockheed Martin Corp

Meridian Funds Comments on Lockheed Martin Corp - Jun 20, 2014

Lockheed Martin Corp. (LMT) was the second largest contributor to Fund returns during the period. The company fared well as earnings grew better than expected despite budget related pressures on the defense industry. We believe that Lockheed Martin will experience continued earnings growth, and its low payout ratio indicates a strong possibility of future dividend increases.



From Meridian Funds's semi-annual report ended December 31, 2013.



Check out Meridian Funds latest stock trades

Top Ranked Articles about Lockheed Martin Corp

Meridian Funds Comments on Lockheed Martin Corp
Lockheed Martin Corp. (LMT) was the second largest contributor to Fund returns during the period. The company fared well as earnings grew better than expected despite budget related pressures on the defense industry. We believe that Lockheed Martin will experience continued earnings growth, and its low payout ratio indicates a strong possibility of future dividend increases. Read more...
Pfizer and Lockheed Martin Top Dividend Growers of the Week
During the past week, GuruFocus recognized four companies as dividend growers. In order to be qualified for this list, the company had to: Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 19.70
LMT's P/E(ttm) is ranked higher than
85% of the 332 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 20.30 vs. LMT: 19.70 )
LMT' s 10-Year P/E(ttm) Range
Min: 7.56   Max: 22.06
Current: 19.7

7.56
22.06
P/B 13.40
LMT's P/B is ranked higher than
60% of the 332 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 2.60 vs. LMT: 13.40 )
LMT' s 10-Year P/B Range
Min: 2.82   Max: 783.08
Current: 13.4

2.82
783.08
P/S 1.40
LMT's P/S is ranked higher than
74% of the 332 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.06 vs. LMT: 1.40 )
LMT' s 10-Year P/S Range
Min: 0.53   Max: 1.4
Current: 1.4

0.53
1.4
PFCF 15.00
LMT's PFCF is ranked higher than
92% of the 332 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 35.27 vs. LMT: 15.00 )
LMT' s 10-Year PFCF Range
Min: 6.26   Max: 49.98
Current: 15

6.26
49.98
EV-to-EBIT 13.46
LMT's EV-to-EBIT is ranked higher than
87% of the 332 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 16.09 vs. LMT: 13.46 )
LMT' s 10-Year EV-to-EBIT Range
Min: 5.6   Max: 15
Current: 13.46

5.6
15
PEG 3.68
LMT's PEG is ranked higher than
86% of the 332 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 6.78 vs. LMT: 3.68 )
LMT' s 10-Year PEG Range
Min: 0.33   Max: 80.48
Current: 3.68

0.33
80.48
Shiller P/E 21.90
LMT's Shiller P/E is ranked higher than
86% of the 332 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 26.23 vs. LMT: 21.90 )
LMT' s 10-Year Shiller P/E Range
Min: 9.23   Max: 116.75
Current: 21.9

9.23
116.75
Current Ratio 1.13
LMT's Current Ratio is ranked higher than
63% of the 318 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.45 vs. LMT: 1.13 )
LMT' s 10-Year Current Ratio Range
Min: 1   Max: 1.55
Current: 1.13

1
1.55
Quick Ratio 0.89
LMT's Quick Ratio is ranked higher than
72% of the 315 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.00 vs. LMT: 0.89 )
LMT' s 10-Year Quick Ratio Range
Min: 0.62   Max: 1.06
Current: 0.89

0.62
1.06

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.90
LMT's Dividend Yield is ranked higher than
82% of the 221 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.81 vs. LMT: 2.90 )
LMT' s 10-Year Dividend Yield Range
Min: 1.13   Max: 4.88
Current: 2.9

1.13
4.88
Dividend Payout 0.54
LMT's Dividend Payout is ranked higher than
79% of the 332 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.57 vs. LMT: 0.54 )
LMT' s 10-Year Dividend Payout Range
Min: 0.15   Max: 1
Current: 0.54

0.15
1
Dividend growth (3y) 21.90
LMT's Dividend growth (3y) is ranked higher than
92% of the 178 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 11.20 vs. LMT: 21.90 )
LMT' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 33.6
Current: 21.9

0
33.6
Yield on cost (5-Year) 7.43
LMT's Yield on cost (5-Year) is ranked higher than
88% of the 229 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 2.41 vs. LMT: 7.43 )
LMT' s 10-Year Yield on cost (5-Year) Range
Min: 2.89   Max: 12.5
Current: 7.43

2.89
12.5
Share Buyback Rate 3.90
LMT's Share Buyback Rate is ranked higher than
96% of the 246 Companies
in the Global Aerospace & Defense industry.

( Industry Median: -0.50 vs. LMT: 3.90 )
LMT' s 10-Year Share Buyback Rate Range
Min: 6   Max: -5.4
Current: 3.9

Valuation & Return

vs
industry
vs
history
Price/DCF (Projected) 1.82
LMT's Price/DCF (Projected) is ranked higher than
80% of the 332 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.82 vs. LMT: 1.82 )
LMT' s 10-Year Price/DCF (Projected) Range
Min: 0.64   Max: 2.07
Current: 1.82

0.64
2.07
Price/Median PS Value 1.87
LMT's Price/Median PS Value is ranked higher than
65% of the 332 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.21 vs. LMT: 1.87 )
LMT' s 10-Year Price/Median PS Value Range
Min: 0.42   Max: 1.76
Current: 1.87

0.42
1.76
Price/Peter Lynch Fair Value 2.90
LMT's Price/Peter Lynch Fair Value is ranked higher than
88% of the 332 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 9999.00 vs. LMT: 2.90 )
LMT' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.38   Max: 3.67
Current: 2.9

0.38
3.67
Earnings Yield (Greenblatt) 7.30
LMT's Earnings Yield (Greenblatt) is ranked higher than
86% of the 313 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 6.50 vs. LMT: 7.30 )
LMT' s 10-Year Earnings Yield (Greenblatt) Range
Min: 6.7   Max: 17.9
Current: 7.3

6.7
17.9
Forward Rate of Return (Yacktman) 10.71
LMT's Forward Rate of Return (Yacktman) is ranked higher than
81% of the 254 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 13.32 vs. LMT: 10.71 )
LMT' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -8.9   Max: 35.2
Current: 10.71

-8.9
35.2

Business Description

Industry: Aerospace & Defense » Aerospace & Defense
Compare:BA, ERJ, EADSY, RYCEY, HON » details
Traded in other countries:LOM.Germany, LMTB34.Brazil, LMT.Mexico, LMT.Argentina,
Lockheed Martin Corp was formed in 1995 by combining the businesses of Lockheed Corporation and Martin Marietta Corporation. It is a Maryland corporation. It is a security company that is principally engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems and products. It also provides a range of management, engineering, technical, scientific, logistic, and information services. The Company serves both domestic and international customers with products and services that have defense, civil, and commercial applications, with its principal customers being agencies of the U.S. Government. The Company operates in four principal business segments: Aeronautics, Electronic Systems, Information Systems & Global Services and Space Systems. Aeronautics is engaged in the research, design, development, manufacture, integration, sustainment, support, and upgrade of advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles, and related technologies. The Company's Electronic Systems segment manages complex programs and designs, develops, and integrates hardware and software solutions to ensure the mission readiness of armed forces and government agencies worldwide. Major lines of business include: air and missile defense; tactical missiles; weapon fire control systems; surface ship and submarine combat systems, anti-submarine and undersea warfare systems; land, sea-based, and airborne radars; surveillance and reconnaissance systems; simulation and training systems; and integrated logistics and sustainment services. The Company's Information Systems & Global Services (IS&GS) segment provides federal services, Information Technology (IT) solutions, and advanced technology expertise across a broad spectrum of applications and customers. IS&GS provides full life-cycle support and highly specialized talent in the areas of software and systems engineering, including capabilities in space, air, and ground systems, and also provides logistics, mission operation support, peacekeeping, and nation-building services for a variety of defense and civil government agencies in the U.S. and abroad. Space Systems is engaged in the design, research and development, engineering, and production of satellites, strategic and defensive missile systems, and space transportation systems, including activities related to the Space Shuttle and its planned replacement. The Company businesses are heavily regulated in most of its fields of endeavor. The Company deals with numerous U.S. Government agencies and entities, including all of the branches of the U.S. military, NASA, the U.S. Postal Service, the Social Security Administration, and the Departments of Defense, Energy, Justice, Health and Human Services, Homeland Security, State, and Transportation. Similar government authorities exist in other countries and regulate its international efforts.
» More Articles for LMT

Headlines

Articles On GuruFocus.com
Is Lockheed Martin's Valuation Ready to Return to Earth? Dec 05 2014 
Lockheed Martin Wins A $4.7 Billion Contract From The Pentagon Nov 25 2014 
26.25% Annual Return With Lobbying Stocks? Here Is How It Works Nov 21 2014 
Reasons to Invest in Boeing Nov 14 2014 
Lockheed Going Great Guns Nov 13 2014 
Lockheed Acquires Systems Made Simple Oct 31 2014 
United Technologies Is an Opportunity Investment Oct 31 2014 
Boeing Has Higher Production Rates Oct 26 2014 
RTI Metals Is A Long-Term Value Creator Oct 13 2014 
Are Defense Stocks Good Defensive Stocks? Sep 30 2014 


More From Other Websites
MEDIA-Lockheed, Altran to face inquiry into Britain's air traffic failure -Independent Dec 21 2014
Lockheed Martin pays $27.5M in billing allegation Dec 19 2014
Lockheed Martin pays $27.5M in billing allegation Dec 19 2014
Lockheed Martin to pay $27.5 mln to settle gov't overbilling claims Dec 19 2014
Lockheed Martin-Built MUOS-3 Secure Communications Satellite Encapsulated In Launch Vehicle Fairing Dec 19 2014
Lockheed Martin-Built MUOS-3 Secure Communications Satellite Encapsulated in Launch Vehicle Fairing Dec 19 2014
Orion Spacecraft Finishes Cross Country Road Trip Dec 18 2014
Orion Spacecraft Finishes Cross Country Road Trip Dec 18 2014
Lockheed Martin Demonstrates Continued Commitment To Air Force OMS Vision Dec 18 2014
Ahead of the Bell: US Unemployment Benefits Dec 18 2014
Ahead of the Bell: US Unemployment Benefits Dec 18 2014
S.Korea won't conduct F-35 fighter maintenance in Japan - official Dec 17 2014
Pentagon upbeat Lockheed will deliver 36 F-35s in 2014 as planned Dec 17 2014
Pentagon picks Japan and Australia to service F-35s in Asia Dec 17 2014
GPS III and OCX Successfully Demonstrate Key Satellite Command and Control Capabilities Dec 17 2014
GPS III and OCX Successfully Demonstrate Key Satellite Command and Control Capabilities Dec 17 2014
Northrop To Provide Drones To S. Korea After F-35 Buy Dec 17 2014
Lockheed Settles 401(K) Lawsuit: Business of Law Dec 17 2014
Lockheed to settle suit over retirement accounts Dec 16 2014
Lockheed to settle suit over retirement accounts Dec 16 2014

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