LMT Stock Recent News
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LMT secures a $1.2 billion contract to provide support for the Trident II Strategic Weapon System.
SAN FRANCISCO--(BUSINESS WIRE)--Lockheed Martin Rotary and Mission Systems recognized TRIVAD as a 2023 Elite Supplier.
Lockheed Martin is benefiting from the current geopolitical environment, showing strong technical and fundamental performance, justifying a buy rating despite high valuation multiples. Daily and weekly technical analyses indicate strong bullish momentum with no resistance in sight, though some indicators suggest near-term overbought conditions. Monthly analysis confirms a robust long-term uptrend, with minor concerns about RSI divergence, but overall bullish momentum remains strong.
Lockheed Martin stock has appreciated nearly 9% since August 2024, surpassing the 2024 price target, with further upside expected based on FY2025 and FY2026 earnings. Lockheed Martin increased its dividend by 4.8%, maintaining a 21-year growth streak, and has reduced outstanding shares by nearly 25% over the past decade. The company secured $55 billion in contracts during the DoD fiscal year, despite a 7.1% year-on-year decrease, ensuring strong near-term and long-term prospects.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
LMT continues to generate strong revenues and reward its shareholders through dividend payments and share buybacks.
LMT, CF, ACGL, PHM and BCH are some of the stocks with high ROE to profit from as traders brace for more crude oil volatility slugfest.
Retail industry veteran Seth Golden recently warned that, according to a widely used oscillator Williams %R, the S&P 500 has been overbought for an entire year.
Deutsche Bank analyst Scott Deuschle maintains Lockheed Martin Corporation LMT with a Buy, raising the price forecast from $600 to $620.
LMT is set to provide deployed systems support and Warhead 93/Mark7 development for Trident II D5 missile.