5 segments within business - has solid diversification.
50% of business with US government.
Defensive name that is good long term hold.
Current share price high - would wait for shares to fall.
They won't grow in the next few years, but remain flat. He loves the defence industry though.
$513 should be the price target. You won't see 2022's 40% return again, but you will get exposure to consistently rising defence spending in the U.S., nearly $1 trillion this decade. Is the biggest defence company.
He models $431. Unfortunately, military stocks will do well in the next little while.
Lots of geopolitical turmoil, so it gets attention and trades at a 10% premium to the market. Usually trades 85-90% of market multiple. This makes him nervous. Defense spending is predictable, no catalyst there. In the space, he owns RTX.
Lockheed Martin is a American stock, trading under the symbol LMT-N on the New York Stock Exchange (LMT). It is usually referred to as NYSE:LMT or LMT-N
In the last year, 13 stock analysts published opinions about LMT-N. 11 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Lockheed Martin.
Lockheed Martin was recommended as a Top Pick by on . Read the latest stock experts ratings for Lockheed Martin.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
13 stock analysts on Stockchase covered Lockheed Martin In the last year. It is a trending stock that is worth watching.
On 2023-06-05, Lockheed Martin (LMT-N) stock closed at a price of $454.69.
Unfortunately, a good dynamic in defense with a war going on. Defense spending is increasing, and the benefit from this type of spending is not going away. This name would be a good way to play that.