Caroline Cremen Puts Her Stamp of Approval on Lockheed Martin as Daily Stock Pick
June 30, 2023
☀️Trending News
Caroline Cremen from Adviceworx has selected Lockheed Martin ($NYSE:LMT) as her daily stock pick, and investors should take note. Lockheed Martin is one of the world’s largest defense contractors and a leading aerospace and technology solutions provider. With contracts with the US Department of Defense, NASA, the Intelligence Community, and other federal agencies, Lockheed Martin has a strong track record of success. Lockheed Martin has also developed aircraft technology, such as the Joint Strike Fighter, that has been adopted by militaries across the globe.
The company has an impressive track record of success, innovative technology, and financial performance that makes it a great stock pick for any portfolio. Be sure to WATCH!
Share Price
On Thursday, LOCKHEED MARTIN stock had a good run, rising from its opening price of $449.9 to a closing price of $457.4, up by 1.7% from the previous day’s closing price of 449.7. Ms. Cremen noted that LOCKHEED MARTIN has had a strong track record when it comes to stock performance, with a consistent history of impressive gains. Furthermore, she noted that its good performance is backed by a solid business model that has been able to weather the storm of the pandemic. Ms. Cremen’s stamp of approval is likely to further boost investor confidence in the company’s prospects, making it an attractive option for both long-term and short-term investors. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lockheed Martin. More…
| Total Revenues | Net Income | Net Margin |
| 66.15k | 5.69k | 8.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lockheed Martin. More…
| Operations | Investing | Financing |
| 7.96k | -1.8k | -5.6k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lockheed Martin. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 54.62k | 44.98k | 37.9 |
Key Ratios Snapshot
Some of the financial key ratios for Lockheed Martin are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.7% | 0.9% | 11.0% |
| FCF Margin | ROE | ROA |
| 9.5% | 48.3% | 8.4% |
Analysis
GoodWhale recently analyzed the fundamentals of LOCKHEED MARTIN and found that it is in a strong financial position. Using our Star Chart, we found that the company has a high health score of 8/10. This indicates that, based on its cashflows and debt, LOCKHEED MARTIN is capable of sustaining future operations even in times of economic crisis. Additionally, LOCKHEED MARTIN is classified as ‘cow’, which means it has a track record of paying out consistent and sustainable dividends. This makes it an attractive option for dividend investors who are looking for a reliable source of income. On the other hand, investors who are looking for high growth may find this company to be kind of weak in that regard. Furthermore, its asset base is also not particularly strong, although its profitability looks good. More…
Peers
The U.S. Department of Defense (DoD) spends billions of dollars on weapons systems each year. Major weapons systems contractors compete for these funds. The competition among these companies is fierce. The companies must not only offer the best products, but they must also be able to demonstrate to the DoD that their products are superior to those of their competitors.
Lockheed Martin Corp is one of the largest weapons systems contractors in the United States. The company’s main competitors are Northrop Grumman Corp, Ballistic Recovery Systems Inc, and LIG Nex1 Co Ltd.
– Northrop Grumman Corp ($NYSE:NOC)
Northrop Grumman Corp is an American aerospace and defense technology company with a market cap of 78.41B as of 2022. The company has a Return on Equity of 34.54%. Northrop Grumman Corp is a leading provider of aircraft, logistics, and technology solutions for the U.S. military, government, and commercial customers. The company’s products and services include aircraft, space systems, missiles, electronics, and technical services.
– Ballistic Recovery Systems Inc ($OTCPK:BRSI)
Ballistic Recovery Systems Inc is a world leader in the design, manufacture, and deployment of parachutes and other soft goods for the aerospace industry. The company has a market cap of 4.19M as of 2022 and a ROE of -159.06%. Ballistic Recovery Systems Inc is a publicly traded company on the Nasdaq Stock Market under the ticker symbol BRS.
– LIG Nex1 Co Ltd ($KOSE:079550)
LIG Nex1 Co Ltd is a South Korean defense company specializing in electronics and weaponry. It was founded in 1999 and is headquartered in Seoul. The company has a market cap of 1.87T as of 2022 and a Return on Equity of 14.92%. LIG Nex1 Co Ltd develops, manufactures, and supplies electronics and weapons products for the military, law enforcement, and commercial markets worldwide. The company’s products include radar systems, sonar systems, electronic warfare systems, communication systems, navigation systems, and missile systems.
Summary
Lockheed Martin is an aerospace, defense, security and advanced technologies company based in the US. Recent analysis of the stock suggests that investors are bullish on the company due to its strong balance sheet, solid cash flow, and impressive backlog of orders. The company also has a strong commitment to research, development and innovation which is likely to fuel further growth.
Additionally, Lockheed Martin has a large presence in the defense industry which should benefit as governments increase their military spending. As such, analysts believe that the stock is well positioned to deliver long-term growth and dividend payouts in the upcoming years.
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