Lockheed Martin Corp (LMT) has seen a mixture of regular market performance and high-profile wins in recent times. The company has been awarded a
$451 million contract by the
U.S. Army to recapitalize additional M270 systems. Their stock, however, has been underperforming in the market, but not without small periods of gains. The company's previous two years show no significant gains, which leads investors to question the worth of buying the stock. LMT secures a
$170M Army contract despite the gloomy market performance.
Institutional investors show a preference for LMT, making up 75% of the company's shareholders. Recent performances on
earnings and revenue during Q2 surpassed analysts' expectations and the company's strategic strength is noted. Speculations about a
Golden Cross on the horizon for LMT remain, and despite some insiders selling shares, the company's robust financial performance makes it an attractive investment. There's general belief within the investment community that despite the stock's turbulent performance, LMT remains a good buy for its strong backlog, cash flow, and balanced sheet.
Lockheed Martin Corp LMT News Analytics from Wed, 25 Oct 2023 07:00:00 GMT to Thu, 09 May 2024 21:56:07 GMT -
Rating 2
- Innovation 7
- Information 6
- Rumor -3
