Lockheed Martin Corp (LMT)

LMT (NYSE:Aerospace/Defense) EQUITY
pos +0.00
Today's Range: 209.57 - 212.57 | LMT Avg Daily Volume: 1,615,700
Last Update: 02/05/16 - 4:02 PM EST
Volume: 0
YTD Performance: -2.40%
Open: $0.00
Previous Close: $210.21
52 Week Range: $181.91 - $227.91
Oustanding Shares: 307,295,494
Market Cap: 64,596,585,794
6-Month Chart
TheStreet Ratings Grade for LMT
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 4 4 4 4
Moderate Buy 1 0 0 0
Hold 5 6 7 9
Moderate Sell 0 0 0 0
Strong Sell 1 1 1 0
Mean Rec. 2.36 2.45 2.50 2.38
Latest Dividend: 1.65
Latest Dividend Yield: 3.14%
Dividend Ex-Date: 02/26/16
Price Earnings Ratio: 18.34
Price Earnings Comparisons:
LMT Sector Avg. S&P 500
18.34 18.40 30.32
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-3.05% 9.21% 143.58%
Revenue 0.50 -0.02 -0.01
Net Income -0.20 0.31 0.09
EPS 2.20 0.37 0.11
Earnings for LMT:
Revenue 46.13B
Average Earnings Estimates
Qtr (03/16) Qtr (06/16) FY (12/16) FY (12/17)
Average Estimate $2.59 $3.02 $11.74 $13.46
Number of Analysts 8 6 7 9
High Estimate $2.80 $3.16 $12.10 $14.00
Low Estimate $2.39 $2.81 $11.50 $12.95
Prior Year $2.74 $2.94 $11.53 $11.74
Growth Rate (Year over Year) -5.66% 2.72% 1.83% 14.62%
Chart Benchmark Timeframe
Average Frequency Indicator Chart
Scale Symbol Comparison Bollinger Bands
Oil, Fed and China taken down a peg -- for now.
Lack of volume is causing the exaggerated market moves, right now.
We will consider opportunistically adding to positions, keeping an eye to our cost basis, in this market.
Jan 06, 2016 | 7:38 AM EST
LMT was upgraded from Sector Perform to Outperform, RBC Capital said. $250 price target. Company is most leveraged to rising defense sp...
With an hour left in the trading day stocks have flatlined. Not bad action, but I simply can't trust the herky-jerky machine/algo-driven action. I outlined my concerns.  The U.S. dollar is conspicuously strong. Rates are a tad higher. The two-year is yielding 1.02%, the 10-year is flat at 2.24% and the 30-year is above 3% (up 2 basis points). Municipals are well-bid as is high yield (discussed earlier).  Blackstone/GSO Strategic Credit Fund (BGB) is well-bid -- up by nearly1% -- and I expect, as written in the last column, some more strength. Crude oil is down by 83 cents and natural gas is flat. Gold is up $3 and silver is up two cents. Wheat is up a bit, as is corn and soybean. (T)FANG seems to be rolling over. NOSH is mixed. CRABBY is flat. Peak autos - look at the weakness in the share prices and my column today. Sell autos when the price/earnings multiples seem low and buy autos when P/Es are astronomical. We are in the former camp now. Banks are trying to recover from the day's lows, but are vstill unimpressive considering yesterday's schmeissing. Life insurance stocks, the object of my disaffection, are lower despite slightly higher yields. Consumer staples are well-bid despite a strong dollar. Biotech is flat, with league-leader Valeant Pharmaceuticals (VRX) up $2. Retail stocks are the world's fair. Grandma Koufax was correct! Macy's (M) is a leader Market favs Disney (DIS) and Apple (AAPL) are conspicuous losers; I wrote columns on Disney and Apple.  Potash (POT) sucks, along with the rest of the fertilizer stocks. Twitter (TWTR) is disappointing after some tactical changes in the number of characters to be allowed. Defense stocks are spirited today. I have been looking for an entry point in Lockheed Martin (LMT) -- might have missed it based on today's action, unfortunately. Old tech is lackluster and unexciting. IMHO T.I.N.A. is B.S. -- and the last week has underscored the point. I am at market neutral, and I don't trust moves i
Apple makes a $20 billion+ acquisition and the shares trade at $90 after two consecutive, large earnings misses. JPMorgan Chase (JPM) and Morgan Stanley (MS) merge. Goldman Sachs (GS) significantly bolsters its money management operations by acquiring T. Rowe Price (TROW). Two private-equity firms compete to acquire retailer Macy's (M). Web entrepreneur David Rosenblatt replaces Marissa Mayer as CEO of Yahoo (YHOO).  After three years of overpromising and underdelivering, Douglas Oberhelman resigns as CEO of Caterpillar (CAT). Stung by large losses in Chesapeake Energy (CHK) , Cheniere Energy (LNG), Freeport McMoRan (FCX) and other companies, Carl Icahn steps down and appoints his son Brett as CEO of Icahn Enterprises (IEP). Icahn also meaningfully reduces his investment in Apple in 2016. Rigid drone legislation and the institution of an Internet commerce sales tax stall the share price advance at Amazon (AMZN). Instead, the stock falls by over 30%. Despite a weakening economy (and against conventional wisdom), the high-yield bond sector is among 2016's top-performing asset classes. The spread-widening we saw in 2015's second half ends in 2016's first six months, in part because a sharp oil-price spike results in a brilliant recovery by energy-related junk bonds. 2016's best market sectors: Defense, banks and fertilizers. Defense stocks -- i.e., Lockheed Martin (LMT), Boeing (BA) and Raytheon (RTN) -- soar as terrorism at home and abroad causes a broad response and military initiatives. Bank stocks benefit from a cessation of legal-and-compliance costs and an upward-sloping yield curve, but a second-half U.S. recession cuts into first-half gains. Fertilizer stocks rebound mightily after droughts hit around the world. 2016's worst market sectors: Media, transports (particularly airlines and autos), electrical utilities, pharma/biotech and REITs. Terrorism, an accelerated pace of "cord cutting" and lower U.S. economic activity are a toxic cocktail for Comcast (CMCSA), Delta Air Lines (DAL), Starbucks, Nike and Walt Disney Co. (DIS). (ESPN subs drop below 80 million by year's end.) Prices for theme parks, coffee and sneakers all fall as demand elasticity finally surfaces during the incipient recession that occurs in the year's second half. A rapid drop and improved solar technology pose a competitive threat to electric utilities, while the Clinton administration comes down hard on drug prices. Finally, on REITs -- see the next bullet point! Mall sales traffic collapses. Several mall-based REITs perform the way of master limited partnerships did in 2015. Dividends get slashed in the face of a slowing economy, rising oil prices and the continued Internet inroads that are rapidly changing consumer behavior. Sears (SHLD) finally succumbs to a weaker domestic economy and a deteriorating shopping experience at its stores and goes bankrupt. Icahn accumulates Sears bonds and takes control of the company out of bankruptcy. The aforementioned issues (the devastation of malls and a Sears bankruptcy) precipitate a U.S. non-residential real estate crisis. The South Beach Housing Bubble starts a collapse in high-end real estate prices that extends to New York City,  the Hamptons and Los Angeles -- which fall by 15% on average. Nationally, home prices drop by 5%. Water grows more scarce and a new, powerful "Silicon Valley Northwest" emerges. The Bill and Melinda Gates Foundation IPOs a home-grown company that develops a breakthrough technology that inexpensively turns wastewater and sewage into potable water. (Bill Gates contributes his entire stake in the company to charity.)  Later in the year, the Gates Foundation announces additional important innovations in health care, medicine and nutrition. Sovereign-wealth funds (which are currently about twice the size of the hedge-fund industry) exit the markets and redeem from hedge funds, exacerbating the market's slide. Hedge funds experience record redemptions and outflows as investors get impatient with high fees and poor investment performance. Several legendary hedge hoggers (each with funds holding assets under management over $5 billion) close shop. The pressure is particularly intense on activist investors who find themselves with large and concentrated holdings. As in Hotel California, "you can check out any time you like, but you can never leave" (without large losses). A few of these former Wall Street titans retire to a new high-end subdivision at Del Boca Vista in South Florida. There are big changes in the business media. CNBC's Joe Kernen joins Maria Bartiromo as an anchor at Fox Business Network. Andrew Ross Sorkin's Showtime series Billions captures seven Emmy nominations, so he departs both CNBC and The New York Times for MSNBC as host of the new Sorkin Report. Carl Quintanilla joins NBC's The Today Show. Seema Mody and David Faber (in a returning role!) replace Joe and Andrew on CNBC's Squawk Box. Kelly Evans leaves CNBC and joins Bloomberg in a dual role, with Tom Keene as a co-anchor of Market Surveillance and as anchor in a new 4 p.m. segment.
Oil companies seem to be leading the charge.
Nov 30, 2015 | 7:13 AM EST
LMT was downgraded to Underweight, Barclays said. New segments will likely pressure margins. 

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