#2 - Lockheed Martin (NYSE:LMT)
The defense sector is a good place to look for quality manufacturing stocks. Lockheed Martin Corporation (NYSE: LMT) is one of the best of class in that sector. And you only have to look at the 2023 debt ceiling standoff to understand why.
Investors can ignore much of what politicians do. It’s more important to look at what’s not being done. In the case of the debt ceiling standoff, the budget negotiations didn’t look at defense spending.
This isn’t the place to debate the merits of that decision. However, it is worth pointing out that defense spending makes up a significant part of the federal budget. And that level of spending isn’t going to go down. That’s great news if you’re a shareholder and it explains why institutions own over 75% of LMT stock.
Lockheed Martin is up approximately 56% in the last five years. And the company has a solid dividend that has been increasing for 20 consecutive years and has a 2.89% yield.
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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.
Read More - Current Price
- $473.20
- Consensus Rating
- Hold
- Ratings Breakdown
- 3 Buy Ratings, 6 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $485.40 (2.6% Upside)
