S&P 500   3,923.68
DOW   31,490.07
QQQ   291.14
S&P 500   3,923.68
DOW   31,490.07
QQQ   291.14
S&P 500   3,923.68
DOW   31,490.07
QQQ   291.14
S&P 500   3,923.68
DOW   31,490.07
QQQ   291.14

7 Defense Stocks to Buy as Global Tensions Continue to Grow - 1 of 7

 

#1 - Lockheed Martin (NYSE:LMT)

Lockheed Martin logo

Lockheed Martin (NYSE:LMT) stock is up 16% since February 8. Most of that growth has occurred since the Russian invasion began. Lockheed Martin manufactures the Javelin anti-tank missiles which multiple countries are pledging to provide to Ukraine. This serves as a good reminder to investors that although the defense contractor receives about 50% of its revenue from the United States, it also receives about one quarter of its budget from other countries

The company also recently announced the securing of an $870 million contract to modify the F-35A, F-35B, and F-35C aircraft.

LMT stock currently carries a Hold rating from the analysts tracked by MarketBeat. However, this is example of where timing provides important context. The company reported earnings in late January and despite a beat on the top and bottom lines, only about a third of the analysts boosted their price targets.

But since the Russian invasion, several more analysts have issued bullish price targets. And news sentiment has turned bullish as well. And the company’s dividend has increased for the last 20 years and currently pays investors $11.20 per share annually.

About Lockheed Martin

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.Read More 
Current Price
$434.33
Consensus Rating
Hold
Ratings Breakdown
5 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
Consensus Price Target
$448.86 (3.3% Upside)




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