Lockheed Martin (NYSE:LMT) is one of the biggest aeronautics / defense companies in the world. Due to a great dividend growth history the company has a huge number of followers among retail investors. The recent price drop provides a compelling entry point for shares of Lockheed Martin.
Lockheed Martin has been a great performer operationally over the last years, which is clear when we look at a couple of key metrics of the company:
The company grew revenues by 26%, net income by 53% and earnings per share by 115% over the last then years. This was possible due to margin increases (which allowed for high earnings growth relative to the revenue growth rate) and due to a vastly declining share count -- the result of Lockheed Martin's share repurchases, which allowed for high earnings per share growth relative to the earnings growth rate.
