There's a mixed bag of news and updates regarding Lockheed Martin Co. (NYSE:LMT). Several investment firms, including Meyer Handelman Co., RFG Advisory LLC, and GAMMA Investing LLC have increased their stock holdings, signifying confidence in the company's prospects. However, sanctions by China over Taiwan arms sales might pose a significant challenge.
Despite these sanctions, Lockheed Martin has made some notable achievements, including being chosen to develop a next-generation weather satellite constellation and delivering its 2,700th C-130 Hercules Tactical Airlifter. Yet, its stock has been underperforming when compared to competitors on several sessions, though occasionally outperforming on strong trading days.
According to the consensus rating by brokerages, LMT is to 'Hold.' Institutional shareholders, who own around 74-75% of the company, largely control the company. LMT posted solid earnings in 2023, with a record backlog and strong cash flow, and its Q1 2024 earnings exceeded analyst expectations. However, its stocks had their moments of dip regardless of overall market gains.
Lockheed Martin Corp LMT News Analytics from Thu, 14 Dec 2023 08:00:00 GMT to Sun, 23 Jun 2024 14:49:11 GMT - Rating 3 - Innovation 1 - Information 5 - Rumor 4
