Lockheed (LMT) reported earnings 30 days ago. What's next for the stock?
In the closing of the recent trading day, Lockheed Martin (LMT) stood at $553.76, denoting a -0.58% change from the preceding trading day.
Lockheed Martin (LMT) signs a deal to acquire Terran Orbital, a manufacturer of satellite products, for an enterprise value of approximately $450 million.
A prudent investor should refrain from buying Lockheed (LMT) now, considering its premium valuation. Those who own it might continue to do so.
Lockheed Martin NYSE: LMT has experienced a significant surge this year, climbing nearly 24% year-to-date and an impressive 20% this quarter alone, despite the broader market's recent pullback. This extraordinary rally has positioned LMT as a standout performer amidst ongoing market turbulence and uncertainty, even considering the market's recent rally, driven by escalating geopolitical tensions and the company's successful digital transformation efforts.
Lockheed Martin is one of the largest defense contractors in the world. Delayed deliveries on its F-35 jet and declining margins have weighed on the stock.
Lockheed Martin on Thursday agreed to acquire satellite products maker Terran Orbital in a $450 million deal, months after the defense contractor withdrew it previous bid to take it private.
America's defense budget continues to grow over time. Northrop Grumman is a diversified defense company with healthy financials.
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.
Heightened geopolitical tensions and a rising number of major active wars ranging from Ukraine, across the Middle East and Africa, and on to Myanmar have, in recent years, given various defense companies – and their stocks – a significant boost.
For years, United States politicians have built a reputation for favoring defense stocks, coinciding with escalating global geopolitical tensions.
The dividend is well covered by earnings and cash flow. Growing defense budgets support revenue and earnings growth.