Summary: One of the most convenient ways to buy Lockheed Martin stock (NYSE: LMT)—a leading aerospace and defense technology company—is through a reputable brokerage platform, such as eToro.
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About Lockheed Martin
Lockheed Martin is a global aerospace, defense, arms, security, and advanced technology company headquartered in Bethesda, Maryland. Founded in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company has a rich history dating back to the early days of aviation.
As a leader in the defense and aerospace industry, Lockheed Martin provides a wide range of products and services, including aircraft, helicopters, missiles, satellites, cybersecurity solutions, and more. The company’s dedication to innovation and cutting-edge technology has made it a key player in safeguarding national security and advancing science and exploration.
Lockheed Martin IPO
Lockheed Martin went public with its initial public offering (IPO) on March 22, 1995. At that time, the stock had the price of $18 per share. Since then, the company has grown significantly, and its stock has performed well in the market. Lockheed Martin is now a component of major stock indices, such as the S&P 500, which includes some of the largest publicly traded companies in the United States.
The IPO marked an opportunity for investors to become shareholders in Lockheed Martin and participate in the company’s growth. If you missed the IPO but still want to invest in Lockheed Martin, don’t worry; you can buy its stock through various stock exchanges.
How to buy Lockheed Martin stock: Step-by-step process
Investing in Lockheed Martin stock is relatively straightforward, and you can do it from the comfort of your home. So, here’s a step-by-step guide to help you get started:
Step 1: Choose a brokerage account
To buy Lockheed Martin stock, you’ll need a brokerage account. You should choose a reputable platform that suits your needs. So, look for a brokerage that offers low fees, a user-friendly platform, and research tools to help you make informed decisions.
In this case, our go-to brokerage is eToro, which is a popular platform with more than 30 million registered accounts. The platform also holds licenses from reputable regulatory bodies, such as FinCEN, and it offers a host of great features like:
- Commission-free stock trading;
- Access to over 2,000 stocks from 17 different exchanges;
- The option to purchase fractional shares;
- A user-friendly platform that simplifies the trading experience.
Highly Rated Stock Trading & Investing Platform
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Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
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0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
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Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
Step 2: Fund your account
Once you have a brokerage account, you’ll need to deposit money into it. This is the money that you’ll use to purchase Lockheed Martin shares. You can fund your account through bank transfers, wire transfers, or other accepted methods.
Step 3: Place an order
Next up, you should log in to your brokerage account and use the search function to find Lockheed Martin stock. You’ll typically need to enter the ticker symbol, LMT. Once you do so, you’ll be able to move on and place your order.
You have two primary options when placing an order:
- Market order: Executes immediately at the current market price;
- Limit order: Allows you to specify the price at which you’re willing to buy the stock.
Step 4: Monitor your investment
Once you’ve bought Lockheed Martin stock, the final step is to keep an eye on your investment. Namely, the stock market can be volatile, so it’s important to stay informed about any news or developments related to Lockheed Martin that may affect its stock price.
Pros and cons of buying Lockheed Martin stock
Before investing in Lockheed Martin or any other stock, it’s essential to consider the advantages and disadvantages, such as:
Pros
- Stable industry: Lockheed Martin operates in the aerospace and defense industry, which tends to be less affected by economic downturns. Governments around the world continue to allocate significant budgets for defense and national security;
- Dividend payments: Although not among the top 50 dividend-paying stocks, Lockheed Martin has a history of paying dividends to its shareholders. This can provide a steady income stream in addition to potential capital gains;
- Innovation: The company is known for its innovative technologies, which could lead to long-term growth as it secures government contracts and explores new markets;
- Government contracts: Lockheed Martin is a major government contractor, which means it often receives substantial contracts that can provide a stable source of revenue.
Cons
- Regulatory risks: Being in the defense industry, Lockheed Martin is subject to government regulations and political decisions. Changes in government policies can impact the company’s operations and profitability;
- Competition: The aerospace and defense sector is highly competitive, with other major players competing for government contracts. Competition can put pressure on pricing and margins;
- Cyclical nature: While the defense industry is relatively stable, it can still be influenced by economic cycles and geopolitical events;
- Market volatility: Like all stocks, Lockheed Martin’s share price can be subject to market fluctuations, and there’s no guarantee of a positive return on your investment.
LMT price today
What to avoid when buying stocks
When investing in stocks, it’s essential to be aware of common mistakes and pitfalls. As such, here are some things to avoid:
- Impulse buying: Don’t buy a stock on a whim or based solely on tips from others. Make informed decisions after conducting your research;
- Ignoring risk tolerance: Consider your risk tolerance and investment goals. Don’t invest more than you can afford to lose, and ensure your portfolio aligns with your financial objectives;
- Lack of diversification: Avoid putting all your money into a single stock or sector. Diversify your investments to spread risk;
- Chasing hype: Be cautious of stocks that are heavily promoted or experiencing a sudden surge in popularity. These may be subject to rapid price fluctuations;
- Neglecting research: Always research the companies you invest in, their financial health, and their long-term prospects. Don’t rely solely on stock price trends.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Lockheed Martin stock
How much does Lockheed Martin stock cost?
The price of Lockheed Martin stock varies and is determined by market forces. You can check the current price on your chosen brokerage platform.
Does Lockheed Martin pay dividends?
Yes, Lockheed Martin pays dividends to its shareholders. The dividend amount can change over time, so it’s best to check the company’s dividend history for more information.
Can I buy Lockheed Martin stock outside the United States?
Yes, Lockheed Martin stock is available on major stock exchanges, allowing investors from around the world to purchase shares.
What is Lockheed Martin's stock ticker symbol?
Lockheed Martin’s ticker symbol is LMT.
Are there any additional fees when buying Lockheed Martin stock?
Brokerages typically charge fees or commissions for buying and selling stocks. These fees vary, so review your brokerage’s fee schedule before trading.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
