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NYSE:LMT
Lockheed Martin (LMT)
511.00
+0.05 (0.01%)
as of Jun 18, 2026, 11:34:04 pm Market Open.
110 watching
Financials 
Technical Analysis 0
TOP PICK
Sideways since 2017-18. Buy it after this consolidation, the value has now built up. Everyone is the world is buying military equipment. Model price of $417, 15% upside. Yield is 3.09%. (Analysts’ price target is $384.50)
Brian Acker, CAOwned
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PAST TOP PICK
(A Top Pick Dec 24/20, Up 1%) Believes defense spending will continue as tensions with China continue.
Had bad quarters because of backlog in inventory.
Will continue to hold.
Paul Harris, CFAOwned
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Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly We reiterate our TOP PICK recommendation with LMT. The company just secured contracts with the Pentagon worth up to $6.6 billion. It trades at 14x earnings compared to peers at 18x. It pays a good dividend, backed by a payout ratio of 40% of cash flow. Its cash reserves are stable despite buying back over $1.5 billion in stock and retiring debt. We would buy this with a stop loss at $320, looking to achieve $431 -- upside over 25%. Yield 3.00% (Analysts’ price target is $403.26)
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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.
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Premium contentTOP 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.
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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.
Paul Harris, CFAOwned
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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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Premium contentTOP 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)
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