Penn Davis Mcfarland Inc. Has $22.44 Million Position in Lockheed Martin Corporation $LMT

Penn Davis Mcfarland Inc. lowered its holdings in Lockheed Martin Corporation (NYSE:LMT) by 0.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,455 shares of the aerospace company’s stock after selling 445 shares during the period. Lockheed Martin makes up 2.5% of Penn Davis Mcfarland Inc.’s portfolio, making the stock its 16th biggest position. Penn Davis Mcfarland Inc.’s holdings in Lockheed Martin were worth $22,441,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. TruNorth Capital Management LLC acquired a new stake in shares of Lockheed Martin during the first quarter worth approximately $31,000. Heck Capital Advisors LLC acquired a new position in Lockheed Martin in the 4th quarter valued at approximately $35,000. EQ Wealth Advisors LLC purchased a new stake in Lockheed Martin in the 1st quarter worth approximately $43,000. Ritter Daniher Financial Advisory LLC DE acquired a new stake in shares of Lockheed Martin during the 1st quarter valued at $45,000. Finally, McIlrath & Eck LLC boosted its stake in shares of Lockheed Martin by 161.0% during the 1st quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock valued at $48,000 after buying an additional 66 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

LMT opened at $486.23 on Thursday. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The company has a market cap of $113.52 billion, a PE ratio of 27.38, a price-to-earnings-growth ratio of 1.71 and a beta of 0.26. The stock has a 50-day moving average of $447.91 and a 200-day moving average of $459.49. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating analysts’ consensus estimates of $6.57 by $0.72. The business had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The firm’s revenue was up .2% compared to the same quarter last year. During the same period last year, the business earned $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, equities research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LMT. Vertical Research reaffirmed a “hold” rating and issued a $460.00 price target on shares of Lockheed Martin in a research note on Tuesday, July 22nd. TD Cowen restated a “hold” rating and issued a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Robert W. Baird dropped their target price on Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 23rd. Bank of America reduced their price target on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. Finally, JPMorgan Chase & Co. lowered their price target on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and an average target price of $494.00.

Lockheed Martin Company Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.