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.
Lockheed Martin benefits from increased defense spending amid global tensions, making it a solid long-term investment despite current high valuation. The company offers strong shareholder returns with 22 consecutive dividend hikes and aggressive buybacks, enhancing its attractiveness for dividend growth investors. Lockheed's diversified portfolio, including the F-35 and advanced missiles, positions it well for sustained growth, even with potential execution risks like F-35 TR-3 delays.
LMT is set to provide deployed systems support and Warhead 93/Mark7 development for Trident II D5 missile.
In the latest trading session, Lockheed Martin (LMT) closed at $603.20, marking a -0.44% move from the previous day.
There are two ways to interpret global events happening right now, from a weakening state in consumer discretionary trends to the geopolitical conflicts taking place in the Middle East. The first and most common is to read about them in the news and never think of them again.
Lockheed (LMT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
As the conflict between Iran and Israel escalates, several defense stocks that have grown in popularity among United States Congress members are reacting positively, posting notable gains.