LMT
Lockheed Martin Corporation Industrials - Defense Investor Relations →
Lockheed Martin Corporation (LMT) closed at $627.43 as of 2026-03-20, trading 38.9% above its 200-week moving average of $451.78. The stock is currently moving closer to the line, down from 43.4% last week. With a 14-week RSI of 78, LMT is in overbought territory.
A big spike in selling this week — 2.0x the usual volume, and the price dropped. Sometimes this kind of heavy selling marks the end of a decline. The idea is that the last reluctant holders have finally sold, leaving fewer sellers left to push the price lower.
Over the past 3302 weeks of data, LMT has crossed below its 200-week moving average 27 times. On average, these episodes lasted 31 weeks. Historically, investors who bought LMT at the start of these episodes saw an average one-year return of +15.2%.
With a market cap of $145.2 billion, LMT is a large-cap stock. The company generates a free cash flow yield of 3.6%. Return on equity stands at 76.9%, indicating strong profitability. The stock trades at 21.4x book value.
The company has been aggressively buying back shares, reducing its share count by 9.8% over the past three years.
Over the past 33.2 years, a hypothetical investment of $100 in LMT would have grown to $8486, compared to $2683 for the S&P 500. That represents an annualized return of 14.3% vs 10.4% for the index — confirming LMT as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 4.1% compound annual rate, with 4 consecutive years of positive cash generation.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: LMT vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After LMT Crosses Below the Line?
Across 12 historical episodes, buying LMT when it crossed below its 200-week moving average produced an average return of +30.1% after 12 months (median +33.0%), compared to +9.0% for the S&P 500 over the same periods. 82% of those episodes were profitable after one year. After 24 months, the average return was +35.6% vs +14.0% for the index.
Each line shows $100 invested at the moment LMT crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
LMT has crossed below its 200-week MA 27 times with an average 1-year return of +15.2% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Aug 1963 | Aug 1963 | 3 | 2.6% | +3.9% | +67251.8% |
| Sep 1963 | Nov 1963 | 7 | 6.6% | +18.8% | +70965.7% |
| Nov 1963 | Nov 1963 | 1 | 8.1% | +17.8% | +72691.1% |
| Dec 1963 | Feb 1964 | 7 | 7.7% | +5.3% | +67149.9% |
| Feb 1964 | Feb 1964 | 1 | 2.9% | +25.3% | +68819.3% |
| Apr 1964 | Aug 1964 | 17 | 9.5% | +24.3% | +66879.0% |
| Nov 1967 | Dec 1967 | 3 | 1.4% | +8.9% | +42873.5% |
| Jan 1968 | Apr 1968 | 11 | 18.0% | +8.2% | +43660.9% |
| Jul 1968 | Aug 1968 | 2 | 2.5% | -48.2% | +39901.4% |
| Nov 1968 | Apr 1975 | 338 | 82.1% | -53.4% | +38264.9% |
| Oct 1975 | Nov 1975 | 4 | 4.3% | +20.0% | +253450.7% |
| Dec 1975 | Dec 1975 | 2 | 1.6% | +20.7% | +262193.8% |
| May 1987 | May 1987 | 1 | 2.3% | -2.0% | +13645.2% |
| Oct 1987 | Jan 1989 | 67 | 28.2% | +15.3% | +15003.2% |
| Oct 1989 | Feb 1991 | 67 | 37.6% | -37.6% | +12489.1% |
| Dec 1998 | Feb 2001 | 114 | 60.0% | -51.7% | +2883.8% |
| Mar 2001 | May 2001 | 9 | 7.4% | +57.8% | +3129.3% |
| Jun 2001 | Jul 2001 | 4 | 3.3% | +98.9% | +3238.2% |
| Mar 2004 | Mar 2004 | 2 | 1.8% | +36.1% | +2500.5% |
| Oct 2008 | Jun 2011 | 140 | 30.0% | -1.9% | +1319.9% |
| Jul 2011 | Nov 2011 | 20 | 12.8% | +16.6% | +1151.5% |
| Mar 2020 | Mar 2020 | 1 | 2.4% | +25.2% | +153.3% |
| Jan 2021 | Feb 2021 | 1 | 0.8% | +25.9% | +124.9% |
| Oct 2021 | Nov 2021 | 1 | 1.2% | +50.0% | +113.1% |
| Nov 2021 | Dec 2021 | 1 | 1.0% | +52.9% | +112.1% |
| Feb 2025 | Feb 2025 | 1 | 0.1% | +58.8% | +53.4% |
| Jul 2025 | Aug 2025 | 3 | 2.7% | N/A | +52.0% |
| Average | 31 | — | +15.2% | — |
Frequently Asked Questions
Is LMT below its 200-week moving average?
No. Lockheed Martin Corporation (LMT) is currently 38.9% above its 200-week moving average of $451.78. It would need to fall to $451.78 to cross below the line.
What is LMT's 200-week moving average price?
Lockheed Martin Corporation's 200-week moving average is $451.78 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when LMT drops below its 200-week moving average?
LMT has crossed below its 200-week moving average 27 times in our data. On average, buying at that moment produced a one-year return of +15.2%. These dips have historically been decent entry points. These episodes lasted 31 weeks on average.
Is LMT a good value right now?
Here's what our data says about LMT as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 78 (overbought). Free cash flow yield is 3.6%. Return on equity is 76.9%. Price-to-book is 21.4x. This is not a buy or sell recommendation — always do your own research.
How does LMT compare to the S&P 500?
Over the past 33.2 years, $100 invested in LMT would have grown to $8486, compared to $2683 for the S&P 500. That's 14.3% annualized vs 10.4% for the index. LMT has outperformed the broader market over this period.
Does LMT pay a dividend?
Yes. Lockheed Martin Corporation currently pays a dividend yield of 215.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20