Just noticed Lockheed Martin dips more than the overall market today. LMT closed down 1.43% while the S&P 500 only lost 0.57%, so it's underperforming a bit. The broader aerospace sector is still up though - gained 7.46% over the past month, so the recent weakness is kind of surprising.



Earnings are coming up and that's probably why there's some caution. Analysts are expecting $7.03 per share, which would actually be down 3.43% year-over-year. Revenue guidance looks okay at $18.51B (up 3%), but the per-share earnings miss is notable.

Valuation-wise, LMT is trading at a forward P/E of 22.29, which is actually below the industry average of 25.44. The PEG ratio of 1.2 also looks reasonable compared to the sector average of 2.15. So even with today's dips, the stock doesn't look overpriced. Might be worth watching how it moves into earnings.
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