Lockheed Martin (LMT) Stock

On January 28, the stock prices of Lockheed Martin (LMT -1.63%) dropped by 9.2%, which is the biggest decline in one day since October 26, 2021.

Earnings season provides chances for investors who are willing to wait to take advantage of short-term declines in stock prices, especially in companies with reliable dividends and solid fundamentals. Lockheed Martin is appealing due to its $176 billion backlog, robust cash flow, and nearly 3% dividend yield. Altria stands out with a high 7.9% dividend yield, a strong financial position, and growth in its smoke-free products, trading at a forward price-to-earnings ratio of 10.0x.

Lockheed Martin (NYSE: LMT) has just announced its Q4 2024 results, showing that its revenue fell short of expectations while its earnings exceeded them. The company generated $18.6 billion in revenue and adjusted earnings of $7.58 per share, compared to the expected figures of $18.8 billion and $6.62.

Lockheed Martin's stock dropped significantly after a 20% decrease in their yearly earnings per share, which was affected by a $2 billion charge for classified projects. Currently, LMT shares are trading 25% lower than their recent peak of almost $620, making it an attractive option for value investors. In this update, I will share my thoughts on Lockheed's earnings, backlog, free cash flow, and debt levels.

Lockheed Martin (NYSE: LMT) is the biggest defense contractor in the U.S. However, even with its size and resources, the aerospace company has been facing challenges recently.

Investors looking at LMT stock might want to hold off for a more favorable buying opportunity, given its high valuation.

Lockheed Martin, Northrop Grumman, Leidos Holdings, and Huntington Ingalls Industries are featured in the Zacks top Analyst Blog.

BETHESDA, Md., Jan. 28, 2025 /PRNewswire/ -- The board of directors at Lockheed Martin Corporation (NYSE: LMT) has approved a dividend of $3.30 per share for the first quarter of 2025.

Lockheed Martin Corporation (NYSE:LMT) will hold its Q4 2024 Earnings Conference Call on January 28, 2025, at 11:00 AM ET. The call will feature company leaders, including Maria Ricciardone, James Taiclet, and Jay Malave, along with various analysts from different financial institutions. The operator will now begin the call, welcoming everyone to discuss Lockheed Martin's earnings results for the fourth quarter and the full year of 2024.