Stock performance of Lockheed Martin Corp (LMT) had a mixed traction despite overall market fluctuations. Multiple institutional investors reported changes in LMT holdings which saw heavy trading while it still has a solid position as a
favorite among institutional investors. Occidental Asset Management LLC, Aletheian Wealth Advisors LLC, Hennessy Advisors Inc., and Kingswood Wealth Advisors LLC trimmed their positions while Global Assets Advisory LLC purchased new shares. A series of dividend announcements consolidated the firm's lucrative approach for investors. A series of
contracts was spotlighted, including F-35 Jet program support, a $2.3B contract for GeoXO Spacecraft, and a $451 million contract awarded by U.S. Army to recapitalize M270 systems.
Record backlog and strong cash flow were highlighted in LMT's solid 2023 earnings performance. LMT's
Q1 2024 earnings surpassed forecasted estimates. Although some narratives suggested LMT may be losing steam as a
dividend growth stock, investing in LMT five years ago would have resulted in a 64% gain. A healthy balance sheet was affirmed despite various market conditions.
Lockheed Martin Corp LMT News Analytics from Wed, 29 Nov 2023 08:00:00 GMT to Sun, 30 Jun 2024 10:40:10 GMT -
Rating 3
- Innovation 2
- Information 5
- Rumor -1
