Defense stocks soared in July, with many gaining double-digit figures ranging from 10% to 18%. Good results drive the moves, and the demand trends suggest that business will stay good.
After significant technological refresh delays, the F-35 program looks to be getting back on track. Margin pressures are ongoing at Lockheed Martin.
Lockheed (LMT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Lockheed Martin turned in a strong quarterly report on Tuesday, with sales rising 9%. Earnings, however, increased only 3%, and few analysts expect Lockheed to exceed that rate going forward.
Owning stock gives investors a one-for-one behavior in the underlying stock, and that's good enough when there is a longer timeframe. But it won't cut it for big traders looking to quickly get a hit-and-run stock move.
Lockheed Martin has delivered no F-35 combat jets in 2024 so far. However, Lockheed Martin reported a sizable order backlog and expectation-beating quarterly financial results.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
This article compares financial metrics for five of the largest aerospace and defense companies. I outline why Lockheed Martin is my top choice in the industry, highlighting its dividend, revenue and EPS growth, and profitability. Peers such as Northrop Grumman and L3Harris also show robust fundamentals, but I find Lockheed Martin to be the most attractive long-term investment opportunity, even if it's slightly overvalued.
Lockheed Martin saw the biggest single day price increase since last October after the release of its Q2 2024 results yesterday. Strong net sales growth was seen and the EPS also increased. The company upgraded its financial outlook for 2024, and there's potential for actuals to come in even higher. The market multiples, dividends, and share repurchases indicate some upside ahead for LMT.
Lockheed Martin Corporation has shown remarkable performance, outperforming the S&P 500 by 60 points over the past decade. The company's recent 2Q24 earnings report revealed strong revenue growth, an impressive backlog, and progress in the F-35 program. Lockheed Martin's raised guidance, stock buybacks, and commitment to R&D indicate renewed momentum and potential for sustainable long-term gains.
Lockheed Martin (LMT) surpassed analysts' expectations with its second-quarter results Tuesday and raised its full-year outlook, sending shares higher.
Lockheed (LMT) reports Q2 sales of $18.12 billion, which surpasses the Zacks Consensus Estimate by 6% and increases 8.6% year over year.