Lockheed Martin Corporation (LMT) has been a hot topic amongst investors and institutions, with fluctuating share price activity. Despite some blows such as stock underperformance compared to competitors and insider stock selling, a strong earnings beat led to raised annual EPS guidance. Buoyed by solid order growth and a strong backlog, LMT has also been singled out as one of the best American defense stocks to invest in by hedge funds. Furthermore, Lockheed's strategic Terran Orbital acquisition is set to advance its space capabilities. Despite a Q3 revenue miss causing the stock to sink, LMT has shown resilience by recording increased stake purchases by several investment and wealth management firms. Their financial results indicate their F-35 sales decline has notably weighed on revenue but despite these hurdles, they are receiving attention from major institutional owners possessing a significant 74% of the company. Recently, LMT's dividend was increased to $3.30 and autonomous control breakthrough with the U.S. Navy underpinned their technological exceptionalism.
Lockheed Martin Corp LMT News Analytics from Wed, 31 Jul 2024 07:00:00 GMT to Sat, 16 Nov 2024 15:37:04 GMT -
Rating 1
- Innovation 2
- Information 6
- Rumor -1
