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Lockheed Martin (NYSE:LMT) Trading Up 2.3% - Here's Why
Lockheed Martin (NYSE:LMT) shares rose 2.3% due to significant Pentagon framework deals and the company’s announcement to quadruple Precision Strike Missile production and advance rapid-launch/space capabilities, which are expected to boost revenue. While analysts offer mixed ratings with a consensus “Hold” and a price target of $623.16, the company reported a revenue beat but an EPS miss for the recent quarter, alongside declaring a quarterly dividend of $3.45. Institutional investors maintain a strong presence, owning 74.19% of the company’s stock.