LMT Stock Recent News

Jim Lebenthal, chief equity strategist at Cerity Partners, joins CNBC's "Halftime Report" to explain why he's buying more of the defense name.

Lockheed Martin Corporation's recent share price decline due to losing the F-47 contract to Boeing presents a buy-the-drop opportunity for long-term investors. Despite the setback, LMT's robust F-35 program, strong backlog, and growing international demand position it for sustained growth and profitability. LMT's attractive forward P/E of 16.2, 3% dividend yield, and share buybacks suggest potential for market-beating total returns.

Lockheed Martin (NYSE: LMT), one of the most actively traded defense stocks among United States Congress members, has been hit with two major downgrades from Wall Street.

Wall Street is reacting to last week's news that Lockheed Martin (LMT -1.73%) has lost the battle to produce the Air Force's next-generation fighter. The commentary is putting new pressure on Lockheed Martin shares, sending the stock down about 3% as of 10:30 a.m.

Boeing's (BA) comeback story continues to fly higher after Melius Research upgraded the stock to buy, citing leadership changes and its Pentagon contract as catalysts. Melius and BofA also downgraded Lockheed Martin (LMT) as the firms see limited upside compared to Boeing.

Lockheed Martin Corp   (NYSE:LMT) stock is down 2.8% to trade at $427.50 at last check, following a series of bear notes.

Lockheed Martin Corp (NYSE:LMT) has been downgraded by Bank of America analysts after the White House overlooked it for the US Air Force's Next Generation Air Dominance Program, instead selecting Boeing. The analysts downgraded the stock to ‘Neutral' from ‘Buy' and lowered their price objective to $485 from $685.

Package delivery giant UPS (UPS -1.59%) and defense contractor Lockheed Martin (LMT -5.74%) have dividend yields significantly above the S&P 500's (^GSPC 0.08%) 1.3% yield. But which one is the better value stock?

Recently, Zacks.com users have been paying close attention to Lockheed (LMT). This makes it worthwhile to examine what the stock has in store.

Boeing wins the $20 billion NGAD contract, ensuring its fighter jet design and manufacturing capabilities remain intact, crucial for future defense contracts. Lockheed Martin, despite losing the NGAD bid, remains focused on the F-35 program, which continues to have significant procurement and sustainment opportunities. The NGAD program, including the F-47 and collaborative combat aircraft, aims to enhance US air superiority, particularly in response to increased threats from China.