This company has durable long-term contracts that make its earnings highly predictable.
Lockheed Martin announced on Wednesday that Chauncey McIntosh been appointed vice president and general manager of the F-35 Lightning II Program, effective Dec. 1.
Lockheed (LMT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
LMT secures a $1.2 billion contract to provide support for the Trident II Strategic Weapon System.
Lockheed Martin is benefiting from the current geopolitical environment, showing strong technical and fundamental performance, justifying a buy rating despite high valuation multiples. Daily and weekly technical analyses indicate strong bullish momentum with no resistance in sight, though some indicators suggest near-term overbought conditions. Monthly analysis confirms a robust long-term uptrend, with minor concerns about RSI divergence, but overall bullish momentum remains strong.
Does Lockheed Martin (LMT) have what it takes to be a top stock pick for momentum investors? Let's find out.
LMT makes a strong case for investment given its growth prospects, strong ROE, high solvency and capability to increase shareholder value through dividends and share repurchases.
Lockheed Martin stock has appreciated nearly 9% since August 2024, surpassing the 2024 price target, with further upside expected based on FY2025 and FY2026 earnings. Lockheed Martin increased its dividend by 4.8%, maintaining a 21-year growth streak, and has reduced outstanding shares by nearly 25% over the past decade. The company secured $55 billion in contracts during the DoD fiscal year, despite a 7.1% year-on-year decrease, ensuring strong near-term and long-term prospects.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
LMT continues to generate strong revenues and reward its shareholders through dividend payments and share buybacks.
Lockheed (LMT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Deutsche Bank analyst Scott Deuschle maintains Lockheed Martin Corporation LMT with a Buy, raising the price forecast from $600 to $620.