Trade Tracker: Jim Lebenthal buys more Lockheed Martin
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: Buy The Drop On This Mispriced Bargain
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.
This favourite Congress defence stock just received 2 major Wall Street downgrades
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.
Why Lockheed Martin Stock Is Down Today
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.
Analysts Turns Bullish on BA & Downgrade LMT, FDX New Bull
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 Stock Dips on Bearish Analyst Attention
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 downgraded after missing out on major US Air Force contract
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.
Lockheed Martin Corporation (LMT) Is a Trending Stock: Facts to Know Before Betting on It
Recently, Zacks.com users have been paying close attention to Lockheed (LMT). This makes it worthwhile to examine what the stock has in store.
Why Lockheed Martin Shares Plunged Today
Shares of major defense contractor Lockheed Martin (LMT -5.99%) fell hard on Friday, down 7% as of 12:31 p.m. EDT on Friday.
Lockheed Martin: Diversify Your Portfolio For Turbulent Times
Lockheed Martin is a major defense contractor with a stable business model, low beta, and strong shareholder returns through dividends and buybacks. LMT's revenue is highly dependent on the US government, with a 73% revenue mix, posing a few short-term headwinds. LMT has a growing backlog and a book-to-bill ratio greater than 1, ensuring future revenue growth and steady dividend payouts.
Lockheed Martin Secures a Contract to Support Submarines
LMT secures a $54.2 million contract to manufacture submarine electronic warfare systems for newly constructed and in-service submarines.
Lockheed Martin (LMT) Advances But Underperforms Market: Key Facts
Lockheed Martin (LMT) concluded the recent trading session at $470.55, signifying a +0.27% move from its prior day's close.
