#1 - Lockheed Martin (NYSE:LMT)
Lockheed Martin Corporation (NYSE: LMT) is one of the most well-known names in the defense sector. The company touches many aspects of the defense industry, including aeronautics, missiles and fire control, rotary and mission systems, and space.
It's also the stock on this list with the highest price tag per share. As of this writing, shares of LMT stock are changing hands at $451.44. However, the stock remains attractively valued with a forward price-to-earnings (P/E) ratio of 16.69x.
Lockheed Martin generates 50% of its revenue from government contracts. That means an approved defense budget should be top of mind for investors.
But the stock is up 24% in the last three years and 44% in the previous five years. That reflects the consistency that growth investors can expect from owning the stock. But the story gets better when you consider the company's dividend. Lockheed Martin has increased its dividend for 21 consecutive years and currently has an annual payout of $12 per share. That dividend is supported by free cash flow, which totaled $2.5 billion in the third quarter of the company's fiscal year first quarter.
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
- $542.34
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 9 Buy Ratings, 4 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $611.00 (12.7% Upside)
