Lockheed Martin Corporation’s Stock Price Plummets to $457.45, Witnessing a Sharp 9.18% Drop

Lockheed Martin Corporation (LMT)

457.45 USD -46.24 (-9.18%) Volume: 3.98M

Lockheed Martin Corporation’s stock price stands at 457.45 USD, experiencing a significant drop of -9.18% this trading session with a trading volume of 3.98M. Year-to-date, the stock has seen a decrease of -3.70%, reflecting a challenging market environment for the defense and aerospace giant.

Latest developments on Lockheed Martin Corporation

Lockheed Martin (LMT) stock experienced a significant drop today after the company reported $2 billion in charges on two classified programs, leading to a 7.6% plunge in stock value. Despite missing revenue estimates for the fourth quarter of 2024, Lockheed Martin‘s backlog boost for 2025 prospects provided some optimism. The company’s earnings were also impacted by write-downs on classified programs, contributing to the disappointing results. Additionally, concerns over China’s new stealth fighter and Pentagon’s decision to free more F-35 payments to Lockheed Martin for upgrades have influenced stock price movements. Despite the challenges, Lockheed Martin remains a key player in the defense industry, with institutional owners holding 74% of the company.

Lockheed Martin Corporation on Smartkarma

Analysts on Smartkarma are closely monitoring Lockheed Martin, a leading aerospace and defense company. Tech Supply Chain Tracker‘s report discusses the rise of AI agents and the potential benefits and risks they bring. The report also highlights Taiwan’s tightening of tech export restrictions and the US government’s consideration of banning Chinese drones. On the other hand, Baptista Research’s analysis focuses on Lockheed Martin‘s recent third-quarter earnings call for 2024. The company reported robust demand across its business sectors, leading to a record backlog of over $165 billion, driven by increased orders for precision and air defense munitions. This indicates Lockheed Martin‘s strong market position and ongoing demand for its defense products.

A look at Lockheed Martin Corporation Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Lockheed Martin Corporation, a global security company known for its advanced technology products and services, has received mixed ratings on its long-term outlook according to Smartkarma Smart Scores. While the company scored high in Dividend and Growth, indicating strong potential for steady payouts and expansion, it received lower scores in Value, Resilience, and Momentum. This suggests that while Lockheed Martin may offer attractive dividends and growth opportunities, investors should be cautious of factors such as valuation, resilience to market fluctuations, and momentum in the near future.

As a leader in the defense and aerospace industry, Lockheed Martin‘s diverse business portfolio across various sectors positions it well for long-term success. With a strong focus on innovation and technology, the company is poised to capitalize on opportunities in space, telecommunications, aeronautics, and more. While the Smartkarma Smart Scores highlight certain areas of concern, such as value and momentum, Lockheed Martin‘s solid ratings in Dividend and Growth showcase its potential for sustained performance and expansion in the years to come.

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