LMT Stock Recent News

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

This article compares financial metrics for five of the largest aerospace and defense companies. I outline why Lockheed Martin is my top choice in the industry, highlighting its dividend, revenue and EPS growth, and profitability. Peers such as Northrop Grumman and L3Harris also show robust fundamentals, but I find Lockheed Martin to be the most attractive long-term investment opportunity, even if it's slightly overvalued.

As the new earnings season kicks off, investors focus mainly on the technology sector and its biggest releases, like Alphabet Inc. NASDAQ: GOOGL. They still await the—arguably—biggest report that is yet to come for NVIDIA Co. NASDAQ: NVDA to prove or disprove the artificial intelligence valuations that the market is placing on some of these stocks.

Lockheed Martin saw the biggest single day price increase since last October after the release of its Q2 2024 results yesterday. Strong net sales growth was seen and the EPS also increased. The company upgraded its financial outlook for 2024, and there's potential for actuals to come in even higher. The market multiples, dividends, and share repurchases indicate some upside ahead for LMT.

The Investment Committee give you their top stocks to watch for the second half.

Lockheed Martin Corporation has shown remarkable performance, outperforming the S&P 500 by 60 points over the past decade. The company's recent 2Q24 earnings report revealed strong revenue growth, an impressive backlog, and progress in the F-35 program. Lockheed Martin's raised guidance, stock buybacks, and commitment to R&D indicate renewed momentum and potential for sustainable long-term gains.

Lockheed Martin (LMT) surpassed analysts' expectations with its second-quarter results Tuesday and raised its full-year outlook, sending shares higher.

Lockheed (LMT) reports Q2 sales of $18.12 billion, which surpasses the Zacks Consensus Estimate by 6% and increases 8.6% year over year.

Lockheed Martin Corporation (NYSE:LMT ) Q2 2024 Earnings Conference Call July 23, 2024 11:00 AM ET Company Participants Maria Ricciardone - Vice President, Treasurer & Investor Relations Jim Taiclet - Chairman, President & Chief Executive Officer Jay Malave - Chief Financial Officer Conference Call Participants Kristine Liwag - Morgan Stanley Cai von Rumohr - TD Cowen Scott Deuschle - Deutsche Bank Gavin Parsons - UBS Pete Skibitski - Alembic Global Seth Seifman - JPMorgan Sheila Kahyaoglu - Jefferies Ken Herbert - RBC Capital Markets Rob Spingarn - Melius Research Noah Poponak - Goldman Sachs Peter Arment - Baird Jason Gursky - Citi Research Operator Good day, and welcome, everyone, to the Lockheed Martin Second Quarter 2024 Earnings Conference Call. Today's call is being recorded.

The headline numbers for Lockheed (LMT) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.