Lockheed Martin Corporation ($LMT) Stock Forecast: Down 6.0% Today

What is Lockheed Martin Corporation?

Lockheed Martin (NYSE: LMT) is a global aerospace and defense company that engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. The overall market sentiment for LMT was bearish today.

Why is Lockheed Martin Corporation going down?

LMT stock is down 6.0% on Oct 22, 2024 17:20

• Mixed third-quarter results were reported by Lockheed Martin with net sales growth of 1.3% year-over-year, falling short of consensus expectations, leading to a bearish movement in the stock.
• Despite consistently outperforming analyst expectations in the past, the company's struggle with sales in the latest quarter contributed to the stock slipping.
• The rise in pre-market trading was not sustained as the financial results were unveiled, indicating that investors were disappointed with the performance.
• The comparison with other defense companies like NOC might have also influenced the bearish movement as investors evaluated the better value option in the sector.

LMT Price Chart

LMT Technical Analysis

LMT News

Lockheed Martin Raises Annual EPS Guidance But Struggles With Sales; Stock Slips - Lockheed Martin ( NYSE:LMT )

Lockheed Martin Corp LMT shares are trading lower after the company reported mixed third-quarter results. The company reported net sales growth of 1.3% year-over-year to $17.104 billion, missing the consensus of $17.351 billion. Adjusted EPS of $6.84, up from $6.77 in the prior year, topped the ...

https://www.benzinga.com/news/earnings/24/10/41456920/lockheed-martin-raises-annual-eps-guidance-but-struggles-with-sales-stock-slips

Lockheed Martin Shares Are Rising In Tuesday Pre-Market: What's Going On? - Lockheed Martin ( NYSE:LMT )

Lockheed Martin Corp LMT experienced a 1.04% rise in pre-market trading on Tuesday as the company prepared to unveil its third-quarter financial results before the market opens. Lockheed Martin has consistently outperformed analyst expectations for the past seven quarters, and this trend is ...

https://www.benzinga.com/markets/equities/24/10/41445538/lockheed-martin-shares-are-rising-in-tuesday-pre-market-whats-going-on

General Motors, Verizon And 3 Stocks To Watch Heading Into Tuesday - General Motors ( NYSE:GM )

With U.S. stock futures trading lower this morning on Tuesday, some of the stocks that may grab investor focus today are as follows: Wall Street expects General Motors Company GM to report quarterly earnings at $2.43 per share on revenue of $44.59 billion before the opening bell, according to ...

https://www.benzinga.com/news/earnings/24/10/41444015/general-motors-verizon-and-3-stocks-to-watch-heading-into-tuesday

Lockheed Martin Reports Q3 Results Tuesday: Here's What To Watch - Lockheed Martin ( NYSE:LMT )

Lockheed Martin Corp LMT is set to report its third-quarter financial results before Tuesday's opening bell. Here's a look at what investors will be watching. The Details: According to data from Benzinga Pro, analysts expect the company to report earnings of $6.50 per share and quarterly revenue ...

https://www.benzinga.com/news/earnings/24/10/41441159/lockheed-martin-reports-q3-results-tuesday-heres-what-to-watch

NOC or LMT: Which Is the Better Value Stock Right Now?

NOC vs. LMT: Which Stock Is the Better Value Option?

https://www.zacks.com/stock/news/2353282/noc-or-lmt-which-is-the-better-value-stock-right-now

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Lockheed Martin Corporation Price History

30.07.2023 - LMT Stock was up 0.6%

• The bullish movement in LMT stock today can be attributed to the following factors:
• 1. Australian Air Defence System Contract: The announcement of Lockheed Martin securing a $765 million contract to provide an enhanced air and missile defense capability for Australia could have boosted investor confidence in the company's future prospects.
• 2. Positive Market Sentiment: Despite the overall market gaining, LMT stock experienced a slight decline of -0.87% in the previous trading session. However, today's bullish movement suggests that investors may have regained confidence in the stock, potentially driven by positive market sentiment.
• 3. Missile Flight Testing Contract: Lockheed Martin winning a contract for missile flight testing equipment could have also contributed to the bullish movement. This contract highlights the company's continued success in securing defense contracts, which can positively impact its financial performance.
• 4. Market Value Analysis: The detailed analysis of Lockheed Martin's market value could have provided investors with insights into the company's potential growth and stability, influencing their decision to buy or hold the stock.
• Overall, the bullish movement in LMT stock today can be attributed to positive news regarding contract wins, market value analysis, and potential growth opportunities.

09.09.2023 - LMT Stock was up 4.7%

• The bullish movement in LMT's stock can be attributed to the following factors:
• 1. Elon Musk's comments on lack of competition in space exploration: Musk's statement about the lack of serious competition in the space industry could have positively impacted LMT's stock. As one of the leading players in the space sector, LMT may have benefited from the perception that it has a strong position in the market.
• 2. Dividend increase: LMT's announcement of a 5% increase in its quarterly dividend could have attracted investors seeking stable income. This positive news about the company's financial health may have contributed to the bullish movement in its stock.
• 3. Share buyback program: The approval of an additional $6 billion under LMT's share buyback program indicates the company's confidence in its future prospects. This news could have instilled optimism among investors, leading to increased demand for LMT's stock.
• 4. Growth in space exploration investments: The market growth in space lander and rover industry, as mentioned in the Technavio article, could have created a positive sentiment around LMT's involvement in the space sector. The increase in investments for space explorations globally may have been seen as a potential opportunity for LMT's business, driving the bullish movement in its stock.
• Overall, the combination of positive news regarding LMT's dividend increase, share buyback program, and its strong position in the space industry, along with the growth in space exploration investments, likely contributed to the bullish movement in LMT's stock.

01.09.2024 - LMT Stock was up 3.1%

• The bullish movement in Lockheed Martin's stock today could be attributed to the positive news of securing contracts for Hellfire II Missiles, JAGM, and CH-53K gearbox assemblies, indicating strong revenue streams for the company.
• The anticipation of a potential Trump re-election could also be boosting investor confidence in defense stocks like Lockheed Martin, as Trump's administration has historically been supportive of increased defense spending.
• Overall, the combination of lucrative contracts and the prospect of a favorable political environment for defense companies may have contributed to the bullish movement in Lockheed Martin's stock today.

01.09.2024 - LMT Stock was up 3.6%

• Increased geopolitical tensions in the Middle East, specifically signs of Iran preparing a ballistic missile strike against Israel, have likely boosted investor confidence in defense stocks like Lockheed Martin.
• Securing a $3.23 billion contract for the procurement of JASSM and LRASM showcases Lockheed Martin's strong position in the defense industry and contributes to the positive sentiment surrounding the stock.
• The $42 million contract to provide Hellfire II Missiles and JAGM for the U.S. Army further cements Lockheed Martin's standing in the defense sector, supporting the bullish movement in the stock.
• Overall, the combination of geopolitical tensions, lucrative contract wins, and continued government support for defense spending has driven Lockheed Martin's stock higher today.

09.09.2023 - LMT Stock was up 7.0%

• The bullish movement in LMT today can be attributed to the ongoing conflict between Israel and Hamas, which has led to increased demand for defense stocks. Here's what happened:
• Israel formally declared war on Hamas after a coordinated surprise attack, leading to a rise in defense stocks.
• LMT gained in pre-market trading after announcing a dividend raise, further boosting investor confidence.
• Shares of defense companies, including LMT, leaped amid the fighting in Israel and Gaza, indicating increased market demand.
• The broader markets were under pressure, but defense stocks stood out as investors sought refuge in the face of geopolitical tensions.
• Overall, the bullish movement in LMT can be attributed to the Israel-Hamas conflict and the positive news surrounding the company's dividend raise.

14.01.2024 - LMT Stock was down 2.0%

• The downward trend in LMT stock can possibly be attributed to the following factors:
• 1. Poland's president meeting with Lockheed Martin CEO: The recent meeting between Poland's president and Lockheed Martin CEO regarding future investments in military weapons could have prompted concerns among investors. The discussions involving strengthening security and ongoing investment in Poland's defense sector may have created uncertainty surrounding the company's financial performance and future prospects.
• 2. Increased short interest: Despite a notable decrease in Lockheed Martin's short percent of float, the overall short interest in the company remains significant. This could have contributed to the stock's downward movement, as short sellers might have exploited the negative sentiment.
• 3. General market conditions: The bearish movement in LMT stock might also be influenced by broader market trends and investor sentiment. Factors like geopolitical tensions, global economic conditions, or industry-specific challenges could have impacted the overall market sentiment, leading to a decline in LMT stock.

04.03.2024 - LMT Stock was up 1.6%

• Lockheed Martin's stock saw a bullish trend today after securing a $181M contract for the F-35 jet program, underscoring the company's success in the defense sector.
• The company's involvement in NASA's Artemis campaign through the Lunar Terrain Vehicle Services (LTVS) contract with collaboration partners has further instilled investor confidence in its participation in advanced space exploration projects.
• Positive market sentiment towards Lockheed Martin was heightened by its selection by NASA to develop a Moon car for Artemis astronauts, emphasizing its crucial role in shaping lunar exploration initiatives.
• Despite a minor decline in the stock price in the prior trading session, today's bullish movement reflects investors' optimism surrounding Lockheed Martin's strategic alliances and profitable contracts in the space industry, driving the stock towards higher levels.

22.09.2024 - LMT Stock was down 5.2%

• Lockheed Martin saw a bearish trend despite an initial 1.04% increase in pre-market trading, hinting at a shift in investor outlook.
• The upcoming release of the company's third-quarter financial results possibly triggered profit-taking among previously optimistic investors.
• Comparisons between Lockheed Martin and Northrop Grumman (NOC) on value grounds might have swayed traders, leading to a negative impact on Lockheed Martin's stock value.
• The broader market climate, exemplified by lower U.S. stock futures, likely prompted investors to react, thereby influencing Lockheed Martin's stock price.

22.09.2024 - LMT Stock was down 6.0%

• Mixed third-quarter results were reported by Lockheed Martin with net sales growth of 1.3% year-over-year, falling short of consensus expectations, leading to a bearish movement in the stock.
• Despite consistently outperforming analyst expectations in the past, the company's struggle with sales in the latest quarter contributed to the stock slipping.
• The rise in pre-market trading was not sustained as the financial results were unveiled, indicating that investors were disappointed with the performance.
• The comparison with other defense companies like NOC might have also influenced the bearish movement as investors evaluated the better value option in the sector.

23.06.2024 - LMT Stock was up 5.3%

• Lockheed Martin's stock saw a strong bullish movement today.
• The company exceeded analysts' expectations in the second quarter and raised its full-year guidance, leading to an increase in share prices.
• Strong demand for fighter jets and missiles contributed to the company's decision to raise its sales targets, indicating a positive outlook for future revenue.
• The arrival of the first F-16 Block 70 fighter jets in Slovakia signifies expanding defense cooperation in Europe, potentially boosting Lockheed Martin's international presence and revenue prospects.

23.06.2024 - LMT Stock was up 2.3%

• The company revealed exceptional Q2 2024 earnings, posting an EPS of $6.85, exceeding forecasts, and revenue of $18.1 billion, signaling strong financial performance.
• Lockheed Martin's decision to develop a hypersonic missile in Britain demonstrates its dedication to innovation and expansion within the defense industry, fostering positive investor sentiment.
• By revising its earnings and net sales guidance upwards for FY24, Lockheed Martin is instilling confidence in investors regarding its optimistic outlook and growth potential.
• The surpassing of Q2 profit estimates further cements investor trust in Lockheed Martin's capacity to deliver solid outcomes and sustain a competitive advantage in the market.

23.06.2024 - LMT Stock was up 5.0%

• The bullish movement of Lockheed Martin's stock can be attributed to the positive reception of Slovakia's first F-16 Block 70 fighter jets, marking a new era of European air defense and highlighting the company's strategic alliances.
• The stock also surged after Lockheed Martin raised its FY24 forecast, indicating strong growth prospects and investor confidence in the company's future performance.
• Additionally, Lockheed Martin's impressive Q2 2024 earnings report, beating both EPS and revenue estimates, further fueled investor optimism and contributed to the bullish market movement.
• Overall, Lockheed Martin's robust performance in delivering advanced military technology, exceeding financial expectations, and strengthening strategic partnerships likely drove the stock's bullish momentum.