Marino Stram & Associates LLC Boosts Stock Holdings in Lockheed Martin Corporation $LMT

Marino Stram & Associates LLC increased its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 1.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,784 shares of the aerospace company’s stock after buying an additional 112 shares during the period. Lockheed Martin accounts for 0.6% of Marino Stram & Associates LLC’s holdings, making the stock its 27th biggest position. Marino Stram & Associates LLC’s holdings in Lockheed Martin were worth $3,142,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after purchasing an additional 191 shares in the last quarter. Gradient Investments LLC raised its stake in shares of Lockheed Martin by 3.1% during the 1st quarter. Gradient Investments LLC now owns 11,866 shares of the aerospace company’s stock worth $5,301,000 after buying an additional 356 shares during the period. Merit Financial Group LLC raised its stake in shares of Lockheed Martin by 8.8% during the 1st quarter. Merit Financial Group LLC now owns 12,961 shares of the aerospace company’s stock worth $5,790,000 after buying an additional 1,046 shares during the period. RFG Advisory LLC lifted its position in shares of Lockheed Martin by 10.0% during the 1st quarter. RFG Advisory LLC now owns 5,076 shares of the aerospace company’s stock valued at $2,267,000 after buying an additional 462 shares in the last quarter. Finally, EWG Elevate Inc. acquired a new stake in Lockheed Martin in the 1st quarter valued at $467,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

LMT stock opened at $499.10 on Wednesday. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $618.95. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. The firm has a market capitalization of $116.52 billion, a PE ratio of 28.10, a price-to-earnings-growth ratio of 1.73 and a beta of 0.26. The business has a 50 day simple moving average of $451.05 and a 200-day simple moving average of $460.03.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on LMT shares. UBS Group reduced their price objective on shares of Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating for the company in a research report on Wednesday, July 23rd. Bank of America reduced their price target on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research report on Thursday, August 21st. Alembic Global Advisors upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating in a report on Thursday, August 28th. Susquehanna reduced their target price on Lockheed Martin from $550.00 to $490.00 and set a “positive” rating for the company in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. decreased their target price on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.