#1 - Lockheed Martin (NYSE:LMT)
Lockheed Martin (NYSE:LMT) stock is up 16% since February 8. Most of that growth has occurred since the Russian invasion began. Lockheed Martin manufactures the Javelin anti-tank missiles which multiple countries are pledging to provide to Ukraine. This serves as a good reminder to investors that although the defense contractor receives about 50% of its revenue from the United States, it also receives about one quarter of its budget from other countries
The company also recently announced the securing of an $870 million contract to modify the F-35A, F-35B, and F-35C aircraft.
LMT stock currently carries a Hold rating from the analysts tracked by MarketBeat. However, this is example of where timing provides important context. The company reported earnings in late January and despite a beat on the top and bottom lines, only about a third of the analysts boosted their price targets.
But since the Russian invasion, several more analysts have issued bullish price targets. And news sentiment has turned bullish as well. And the company’s dividend has increased for the last 20 years and currently pays investors $11.20 per share annually.
About Lockheed Martin
Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.
Read More - Current Price
- $470.22
- Consensus Rating
- Hold
- Ratings Breakdown
- 3 Buy Ratings, 6 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $485.40 (3.2% Upside)
