Lockheed Martin (LMT) Buy, Sell or Hold

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Lockheed Martin (LMT)

523.70

-0.98 (0.19%)

as of Sep 24, 2026, 8:00:00 pm Market Open.

189 watching

BUY ON WEAKNESS

He likes the 2.6% dividend yield and CEO. Hold or buy on pullback.

DON'T BUY

LMT vs. GD vs. RTX When analyzing a company, you also want to analyze its peers. This is the case here. Instead, look at General Dynamics. They acquired CSRA, entrenched in cyber defense, and this is where corporate and government money will be invested. Also see Raytheon, a hybrid of a commercial application with a defense contractor. RTX has great promise, undervalued, considerable cashflow in the future.

BUY

Defence spending will still happen under the Democrats, contrary to the stereotype, and defence stocks will do very well. He likes the CEO, too.

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Curated by Allan Tong since 2019.
99+ opinions with 4.15 rating.

TOP PICK

Lockheed Martin (LMT-N) shares a similar ticker. LMT, and business with L3Harris. LMT operates in defence and aerospace. A few weeks ago, it struck a US$254.7 million contract with the United Arab Emirates to produce missiles. Last December, it secured a US$504 million modification contract for its combat helicopters. Then, there's a US$1.29 billion dollar deal with the U.S. Navy, plus another US$1 billion to the U.S. Army and Navy in a maintenance deal. So, business is healthy and it won't change under a Democratic president, despite the stereotype of the Dems spending less on defence (they don't). It's a toss-up between Lockheed and L3harris.

PAST TOP PICK

(A Top Pick Jan 08/20, Down 17%) Trades at 15x PE and pays around a 2.7% dividend. Likes it because defence spending is elevated in the U.S. and will continue to grow in Europe and Asia. So, LMT is well-positioned. Expects 5-8% EPS growth and will slowly raise their dividend. Disappointing earnings and procurement due to the pandemic hurt the stock in the past year, but this will change.

COMMENT

Many feel that the Democrats would spend on defence, but that isn't so. Regardless of the administration there's defence spending. He likes LMT's predictability. They're best know for their airplanes, but in this space, he prefers the cheaper GD in 2018 bought CSRA which is in cyberdefence and A.I. He also prefers Raytheon, giving you both defence and commercial exposure.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly LMT is focused on defense and aerospace. It trades at only 15 times earnings (compared to 90x for the aerospace sector) and pays a strong dividend backed by a 41% payout ratio. It just signed a $1.29 billion contract with the US Navy and has maintenance agreements with the Army and Navy that exceed $1 billion. It has set its sights on further space development, with a recent $4.4 billion acquisition that now includes deep-space rockets. We would buy this with a stop-loss at $320, looking to achieve $451 -- over 27% upside. Yield 2.94% (Analysts’ price target is $451.71)

TOP PICK

Global defense spending will increase, and this will not change with Biden's win. Trades at 14x earnings. Lots of growth prospects. In the sweet spot. Western countries need to upgrade their militaries. Will continue to increase dividends and buy back shares. Free cashflow will be high over next several years. Yield is 2.95%. (Analysts’ price target is $430.10)

BUY

Defence stocks under Biden Defence does well under either Democrats or Republicans, so Biden shouldn't be a worry. LMT has a fine CEO, though he didn't speak about the space division during the last conference call which worries him. He prefers L3Harris though.

BUY

The Democrats have a history of spending on defence, actually, something to remember if Biden wins the Nov. 3 vote. It reports tomorrow. A very good company.

BUY

One of the best in defence. They just beat numbers. The F35 and missile defence are their two keys areas, both offering a lot of growth. There's a backlog, so there's a lot of visibility in revenue. They'll continue to beat numbers.

PAST TOP PICK

(A Top Pick Jul 02/19, Up 1%) He still owns this and likes the defense sector. They have a $144 billion in back log orders and that will continue to grow. He thinks global defense spending will continue to grow. Aircraft and missile spending continues to grow. Operations a creating $23 billion of cash in the next three years. This allows for M&A and for dividend growth. It trades at 14 times earnings -- not expensive. Yield 3.2%

BUY

In a sweet spot, as defence spending will go up. Pressure to increase payments to NATO. LMT's suite of products is what people need, and this is where spending will go.

BUY ON WEAKNESS

LMT vs. MA Both have done well recently. MA is warning it's being affected by coronavirus. Both really good businesses. LMT can be affected by the election. If Trump gets back in, LMT will probably do pretty well. Buy LMT on weakness. For MA, it's been on a rocket for the last 5 years, and it's breaking a bit here with the warning and technical selling. So he'd wait on it, but long-term it's a good business.

WAIT

Trades at 16x, with a 9% growth rate. Not bad, but he'd look at some other names. Chart moved down to 200-day moving average, which might provide support. Election later this year may bring volatility and uncertainty.

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Lockheed Martin (LMT)