Lockheed Martin - History

Ticker Symbol: LMT

Lockheed Martin History

Even from its inception, Lockheed has never been an inexpensive stock. Following the Lockheed/Martin Marietta merger, LMT shares debuted above $26/share. LMT shares more than doubled in price from 1996 to October of 1998. Increased cost growth, lower production rates, delivery delays on their C-130J program, and vehicle launch failures sent LMT shares tumbling during from the end of 1998 towards an all-time low near $17/share in 2000.

Investor sentiment picked up at the turn of the century, and by June of 2002 Lockheed was back trading above $70/share. Shares retraced back to $45/share over the next several years before rising to a new all-time high above $115 by September 2008. Systemic risk burned Lockheed, along with the rest of the market, back near its 2002 highs.

Lockheed Martin Last Month

On March 31st, LMT shares closed at $69.03, representing a 9.3% premium to its February 27th closing price of $63.11.

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