LMT - Lockheed Martin: Problems Are Piling Up

2024-02-20 23:12:19 ET

Summary

• Lockheed Martin is a popular investment among dividend investors, seen as a long-term safe haven.
• Investors are waiting for higher defense budgets to translate into profits, but supply chain issues and macro uncertainty are hindering growth.
• The company's stock has declined since the initial jump following the Russian invasion of Ukraine, and news about Biden wanting to cut F-35 orders further impacted the company.
• With no growth acceleration or margin expansion on the horizon, I rate LMT stock a Hold.

Lockheed Martin ( LMT ) is a popular investment among dividend investors, being viewed as a long-term safe haven.

The F-35 maker shares have essentially treaded water since the geopolitical-driven upswing at the end of February 2022, as investors are waiting for higher defense budgets to translate into profits....

For further details see: