Lockheed Martin Corporation $LMT Shares Bought by Kelly Financial Services LLC

Kelly Financial Services LLC raised its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 2.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,336 shares of the aerospace company’s stock after buying an additional 26 shares during the quarter. Kelly Financial Services LLC’s holdings in Lockheed Martin were worth $619,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of LMT. Charles Schwab Investment Management Inc. increased its holdings in shares of Lockheed Martin by 7.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company’s stock valued at $3,587,444,000 after purchasing an additional 560,457 shares during the last quarter. Royal Bank of Canada boosted its stake in Lockheed Martin by 1.4% during the first quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company’s stock worth $1,021,846,000 after buying an additional 31,443 shares during the last quarter. Invesco Ltd. grew its holdings in Lockheed Martin by 0.6% in the 1st quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company’s stock valued at $958,116,000 after buying an additional 12,899 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Lockheed Martin by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company’s stock worth $580,317,000 after acquiring an additional 24,512 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Lockheed Martin by 4.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,161,687 shares of the aerospace company’s stock worth $518,937,000 after acquiring an additional 51,522 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Up 0.7%

Shares of NYSE LMT opened at $487.53 on Monday. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The business’s 50 day moving average is $448.68 and its two-hundred day moving average is $459.59. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95. The firm has a market cap of $113.82 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.71 and a beta of 0.26.

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 during the quarter, compared to analysts’ expectations of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm posted $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Truist Financial lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price objective for the company from $554.00 to $440.00 in a report on Wednesday, July 23rd. TD Cowen reissued a “hold” rating and issued a $480.00 price target (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. UBS Group cut their price target on shares of Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating for the company in a report on Wednesday, July 23rd. Wall Street Zen cut Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Bank of America lowered their price objective on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.