Lockheed Martin has been awarded a $4.94 billion contract from the U.S. Army for its precision strike missiles.
Investors interested in LMT stock should wait for a better entry point, considering its higher debt-to-capital ratio.
In the latest trading session, Lockheed Martin (LMT) closed at $445.17, marking a +0.7% move from the previous day.
LMT continues to benefit from its steady inflow of orders and strong international demand for its broad range of products.
Lockheed Martin (LMT) closed at $442.07 in the latest trading session, marking a +1.63% move from the prior day.
Jim Lebenthal, chief equity strategist at Cerity Partners, joins CNBC's "Halftime Report" to explain why he's buying more of the defense name.
Lockheed Martin Corporation's recent share price decline due to losing the F-47 contract to Boeing presents a buy-the-drop opportunity for long-term investors. Despite the setback, LMT's robust F-35 program, strong backlog, and growing international demand position it for sustained growth and profitability. LMT's attractive forward P/E of 16.2, 3% dividend yield, and share buybacks suggest potential for market-beating total returns.
Lockheed Martin (NYSE: LMT), one of the most actively traded defense stocks among United States Congress members, has been hit with two major downgrades from Wall Street.
Wall Street is reacting to last week's news that Lockheed Martin (LMT -1.73%) has lost the battle to produce the Air Force's next-generation fighter. The commentary is putting new pressure on Lockheed Martin shares, sending the stock down about 3% as of 10:30 a.m.
Boeing's (BA) comeback story continues to fly higher after Melius Research upgraded the stock to buy, citing leadership changes and its Pentagon contract as catalysts. Melius and BofA also downgraded Lockheed Martin (LMT) as the firms see limited upside compared to Boeing.
Lockheed Martin Corp (NYSE:LMT) stock is down 2.8% to trade at $427.50 at last check, following a series of bear notes.
Lockheed Martin Corp (NYSE:LMT) has been downgraded by Bank of America analysts after the White House overlooked it for the US Air Force's Next Generation Air Dominance Program, instead selecting Boeing. The analysts downgraded the stock to ‘Neutral' from ‘Buy' and lowered their price objective to $485 from $685.